Answer and Explanation:
a. The preparation of the statement of Cost of Goods Manufactured is presented below:
Work in process inventory, April 1 34,000
Add:
Cost of direct materials used in production $41,000
Direct labor 47,000
Factory overhead 20,000
Less:
Work in process inventory, April 30 27,000
Cost of goods manufactured $115,000
b. The preparation of the statement of Cost of Goods Sold is presented below:
Finished goods inventory, April 1 24,000
Add: cost of goods manufactured $115,000
Less: Finished goods inventory, April 30 18,000
Cost of goods sold $121,000
The true statement is Nation Alpha has a comparative advantage in producing chemicals. (second option)
<h3>What is comparative advantage?</h3>
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. Opportunity cost is the cost of forgoing the next best alternative action when one activity is undertaken over other activities.
For Nation Beta:
Opportunity cost of producing chemicals : 800 / 1600 = 0.5
Opportunity cost of producing clothes : 1600 / 800 = 2
For Nation Beta:
Opportunity cost of producing chemicals : 200 / 800 = 0.25
Opportunity cost of producing clothes : 800 / 200 = 4
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Answer:
The account opportunity is high, but competitive position is weak.
Explanation:
In management, portfolio analysis refers to evaluating the products or services sold or offered by the company and their environment. This way we can identify which strategies would help to increase the company's market share and increase projected sales.
In this case, if the account is important and the opportunity to increase or consolidate the account is high, the company must actively engage in actions that can help them secure the account.
Answer:
(D) The cyclical unemployment
Explanation:
Business activity is subject to the comings and goings of private initiative, so the expansion and recession phases of the economy affect the number of unemployed.
<u>Cyclical unemployment</u> increases considerably during times of recession, due to the deterioration of economic conditions; while decreasing in the stages of expansion, due to the improvement of the economy.
Governments try to reduce the incidence of this type of unemployment by softening the transition between different economic cycles. The objective is that the labor supply does not vary significantly between the stages of expansion and recession so that its demand is not excessively impaired.
Marginal cost of capital is basically addition to the cost due to the new project. WACC is for all projects running by company. If MCC and WACC both are given in the question, I would say choose MCC as MCC is more appropriate for choosing the new project, especially when “optimal” word is given in the question. WACC might not yield the correct decision as it could be either very low or very high. However, most of the time you undertake only those projects which are of same risk so WACC and MCC should ideally be same in general