what is a process of interaction and integration among people, businesses, and governments of different cultures?

McMurphy Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the produ

larisa [96]

Answer:

Opportunity cost ($481,000) is greater than the total production cost ($356,000). McMurphy corporation should produce the products by itself instead of buying from Conners Company since the production costs are lower than purchase cost

Explanation:

Determine the total cost associated with the production of the units as follows;

T=M+L+V+F

where;

T=total costs

M=direct materials cost

L=direct labor costs

V=variable factory overhead costs

F=fixed factory overhead costs

In our case;

M=$88,000

L=$127,000

V=$59,000

F=$137,000

replacing;

T=(88,000+127,000+59,000+137,000)=$411,000

Total costs=$411,000

Assuming the McMurphy avoids 55,000 fixed factory overhead cost;

Total costs=411,000-55,000=$356,000

The opportunity cost if McMurphy Corporation decides to purchase the units from Conners Company instead of producing them will be;

Opportunity cost=cost per unit×number of units

cost per unit=$37

number of units=13,000 units

Opportunity cost=37×13,000=$481,000

Opportunity cost ($481,000) is greater than the total production cost ($356,000). McMurphy corporation should produce the products by itself instead of buying from Conners Company since the production costs are lower than purchase cost

5 0

3 years ago

Many Americans are selling their used cars and buying new fuel-efficient hybrids. Other things remaining the same, in the mark

Ann [662]

Answer:

Supply increases and price falls; Demand increases and price increases.

Explanation:

Other things remains the same,

If many Americans are selling their used cars, then this will lead to increase the supply of used cars in the market for used cars and shifts the supply curve rightwards. This shift in the supply curve will decrease the prices of used cars.

Now, Americans are buying new fuel-efficient hybrids which will increase the demand of hybrids in the market for hybrids and shifts the demand curve of hybrids rightwards. Therefore, this shift in the demand curve of hybrids will increase the prices of hybrids.

Note: Missing options are attached with the answer.

8 0

3 years ago

Cool People publications focuses their marketing efforts on reaching African-American teenage girls. The firm believes that they

olya-2409 [2.1K]

Answer: Target Marketing

Explanation: In Target Marketing, a company focuses its attention on a particular group of people because it feels the needs of this group of people would be best met by a particular product or service it offers.

The company first breaks the market into segments, as can be seen in the question above, where Cool People has broken the market into segments and has chosen to focus on African-American teenage girls.

4 0

3 years ago

The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is:a. cal

grigory [225]

Answer: C nonexistent; that is, there is no such accounting requirement.

Explanation: there is no accounting

assumption that requires that the cost flow be consistent with the physical movement of goods.

Instead, the movement of money (real or virtual) is tracked using a cash flow statement; income and profit matches revenues to the timing of when products/services are delivered—a company’s net income can actually be materially different from its cash flow.

4 0

3 years ago

Maggie purchased a life insurance policy. She was concerned that if she became disabled, she would no longer be able to pay the

ehidna [41]

Answer:

The correct answer is letter "B": rider.

Explanation:

While talking about insurance, riders are provisions added to the regular coverage for life, home, or auto policies. The insured can request adding the rider under a determined fee which is usually low because there is little underwriting involved. Riders are customizable amendments that fulfill very specific needs of the policyholders.

<em>In Maggie's case, a rider was added to protect her in the case she becomes disabled because she is concerned that event can happen.</em>

3 0

3 years ago