Answer:
The equilibrium price will remain the same while equilibrium quantity will decrease
Explanation:
The effect on equilibrium price and quantity of a simultaneous decrease in demand and decrease in supply will depend on whether both price and quantity change in the same proportion or whether one charge is larger or smaller than the other.
I assume in this question that the equilibrium price and quantity decreased in the same proportion.
From the figure in the attached file,, we will see that the initial state of demand and supply curves are shown by curve DD and SS respectively and the decrease in demand is shown in curve D1D1 and a decrease in supply is shown in curve S1S1.
it will be observed that though there is a decrease in demand from Q0 to Q1 but the equilibrium price remain the same.
Answer:
Unitary cost A : $17.98
Unitary cost B : $10.58
Explanation:
First, we need to calculate the predetermined overhead rate for each activity.
The predetermined manufacturing overhead rate = Total estimated overhead costs for the period / Total amount of allocation base
Machine setup
= 158,000/2,000
= $79 per setup hour
Materials handling
= 112,000/16,00
= $7 per pound
Electric power
= 25,000/25,000
= $1 per kilowatt.
Now, we can allocate overhead to each product
Allocated MOH = Estimated manufacturing overhead rate × Actual amount of allocation base
Product A
Machine setup
= $79 × 100
= $7,900
Materials handling
= $7 × 1,000
= $7,000
Electric power
= $1 × 2,000
= $2,000
Total = $16,900
Product B
Machine setup
= $79 × 200
= $15,800
Materials handling
= $7 × 1,000
= $7,000
Electric power
= $1 × 4,000
= $4,000
Total = $26,800
Finally, the total cost and the unitary cost
Product A.
Total cost
= Direct materials + Direct labor + Allocated MOH
= $32,000 + $41,000 + $16,900
= $89,900
Unitary cost
= Total cost/Number of units produced.
= $89,900/5,000
= $17.98
Product B
Total cost
= Direct materials + Direct labor + Total allocated MOH
= $41,000 + $38,000 + $26,800
= $105,800
Unitary cost
= Total cost/Number of units produced
= $105,800/10,000
= $10.58
Answer:
False
Explanation:
A successful results-orientated wellness program will not need to allocate employees who are paid to promote wellness (i.e., as part of their job responsibilities) as this type of program is easily implemented (select one word answer only please) False
Opening an interest-bearing account is a form of investment. Deciding on opening it means that you are a business minded person. A business person knows how to leverage their income. In leverage income, there are 2 sides: linear income and residue income. Linear income means you work to get paid while in residue income, your money works for you. There's nothing wrong with both sides except the time and effort exerted to get an income. Sacrifice is one of the important keys to have residual income even in linear but if the goal is to have a better future, then sacrifice is one big obstacle to overcome.
A financial statement audit is the examination of an entity's financial information and accompanying exposures by a liberated auditor.
<h3>What is the main objective of the audit of financial statements?</h3>
The purpose of an audit of financial statements is to enable the auditor to communicate an opinion on whether the financial statements are prepared, in all material respects, by an applicable monetary reporting framework.
External auditors are accountable for auditing the company's financial statements and delivering reasonable assurance that they are presented fairly and following GAAP and that they recollect a true representation of the company's financial position and end of operations.
To learn about financial statements visit the link
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