Answer:
Results are below.
Explanation:
<u>First, we need to calculate the number of units produced:</u>
Number of units= total cost/ average unitary cost
Number of units= 2,500 / (20 + 30)
Number of units= 50 units
<u>Now, the total variable cost:</u>
Total variable cost= 50*20
Total variable cost= $1,000
<u>Finally, the fixed costs:</u>
Fixed cost= 50*30
Fixed cost= $1,500
Answer: 4.10%
Explanation:
Solve for the current rate being used using the RATE function on Excel.
Number of periods = 15
Payment = 1,000 * 5% = 50
Present value = Current market price - floatation costs = 900 - 25 = 875
Future value = 1,000 face value
The result will be:
= 6.31%
If tax is 35%, after-tax cost is:
= 6.31% * (1 - 35%)
= 4.10%
Answer:
Cost of goods manufactured= $3,120
COGS= $2,750
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Cost of goods manufactured:
beginning WIP= 0
direct materials= 2,200
Direct labor= 1,000
Factory overhead= 520
Ending work in process= 600
Cost of goods manufactured= $3,120
<u>Now, we can determine the cost of goods manufactured:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 0 + 3,120 - 370
COGS= $2,750
The correct answer is letter B. Unemployment is synonymous with surplus of labor. This concept was used by Karl Marx when he critiqued political economy. Surplus of labor is ;abor that is performed in excess of the labor necessary. That purpose the purpose of producing the means of livelihood of the worker.
Answer:
C. increase equilibrium price and quantity
Explanation:
The demand for substitute goods is inversely related. An increase in the price of a substitute good will cause its demand to reduce. The demand for the other product will increase as customers will prefer the cheaper product.
In the graphs showing both the supply and demand curve, the equilibrium point is the prevailing market rate. As per the law of supply and demand, an increase in demand results in increased prices. High demand means many buyers are chasing few goods. Suppliers will have to supply more but a higher price to meet the new demand. An increase in demand causes the equilibrium price to shift upward to reflect the new high price.
