Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year:

You are earning $40,000 per year as a branch manager at Dunkin Donuts. You are planning on leaving your job and going back to co

sergij07 [2.7K]

Answer:

It increases the opportunity cost because you are foregoing more money for college.

Explanation:

Opportunity cost is the benefit profit, or value of something that is missed or given up when an individual chooses one alternative over another.

The 10% rise in salary offered by the branch manager increases the opportunity cost of going to college. This is because the higher cost (money) you could have earned by not going to college is foregone.

3 0

3 years ago

Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80, respectively. Each product uses only on

pashok25 [27]

Answer and Explanation:

1. The total amount of traceable fixed manufacturing overhead is given below:-

Alpha Beta

Number of units produced 100,000 100,000

Traceable fixed

manufacturing overhead $16 $18

Total amount of traceable fixed

manufacturing overhead $1,600,000 $1,800,000

2. The total amount of common fixed expenses is given below:-

Alpha Beta

Number of units produced 100,000 100,000

Common fixed

manufacturing overhead $15 $10

Total amount of common fixed

manufacturing overhead $1,500,000 $1,000,000

3. The computation of increase or decrease of profit is shown below:-

Selling price $80

Less: Variable cost

Direct material ($30)

Direct labor ($20)

Variable manufacturing

overhead ($7)

Contribution margin $23

Less: Variable selling

expenses ($12)

Profit per unit $11

Total profit increase

(10,000 × $11) $110,000

The computation of increase or decrease of profit is as shown below:-

Selling price $39

Less: Variable cost

Direct material ($12)

Direct labor ($15)

Variable manufacturing

overhead ($5)

Contribution margin $7

Less: Variable selling

expenses ($8)

Profit per unit ($1)

Total profit decrease

(5,000 × -$1) -($5,000)

4 0

3 years ago

What is a demand relationship?

NeX [460]

Answer:

Demand relationship is the relationship between the dominant prices of a good and the quantity that will be bought at that price.

Explanation:

Demand can be defined as the quantity of a good that consumers are ready to purchase at different prices at a given period of time.

The basic demand relationship is between potential prices of a good and the quantities that would be bought at those prices. The relationship is always a negative one, this implies that an increase in price will lead to a decrease in the quantity demanded. This negative relationship is represented in the downward slope of the consumer demand curve. Take for instance, if the price of a bag of rice rises from $10 to a price of $20, this is a huge price increase. This increase forces the consumer to demand less of that product at the price of $20 because the new price is more expensive and also very unreasonable for a bag of rice.

8 0

3 years ago

A(n) ______ is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.

Tema [17]

Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.

<h3>What is a business?</h3>

A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.

Business meets a need and gets profit in return.

Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.

learn more on business here

brainly.com/question/24553900

3 0

2 years ago

Sandy Kupchack just graduated from State University with a bachelor’s degree in history. During her four years at the university

Klio2033 [76]

Answer: $611.57 or $612 rounded to nearest dollar.

Explanation:

She would have to make a constant payment per quarter which makes it an annuity.

The $10,000 is the present value of the annuity.

The quarters remaining are = 5 years * 4 = 20 quarters

Quarterly interest = 8%/4 = 2%

10,000 = Annuity * Present Value of Annuity factor, 20 periods, 2%

10,000 = Annuity * 16.3514

Annuity = 10,000/16.3514

= $611.57

6 0

3 years ago