What refers to the amount of a product offered for sale at all possible prices in a market

Which of the following best describes the consideration on the part of an insurer?

ehidna [41]

Answer:

B) The promise to pay in the event of a covered claim

Explanation:

The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.

4 0

3 years ago

At the beginning of the month, the Forming Department of Martin Manufacturing had 26,000 units in inventory, 30% complete as to

miskamm [114]

Answer:

Materials - 100,400
Conversion - 95,600

Explanation:

Equivalent Units = Units Completed and Transferred out + Ending Work in Progress.

Materials Equivalent Units

Ending Work in Progress = 90% * 16,000

= 14,400 units

Equivalent Units = 86,000 + 14,400

= 100,400 units

Conversion Equivalent Units

Ending Work in Progress = 60% * 16,000

= 9,600 units

Equivalent Units = 86,000 + 9,600

= 95,600 units

4 0

3 years ago

BG, Inc. reported the following information related to their manufacturing costs: Direct Labor $200,000; Direct Materials $ 150,

bagirrra123 [75]

Answer:

$450,000

Explanation:

Given that,

Direct Labor = $200,000;

Direct Materials = $150,000;

Manufacturing Overhead Costs = $250,000

Therefore, the total amount of conversion cost is the sum total of direct labor cost and manufacturing overhead cost.

Total amount of BG, Inc's conversion costs:

= Direct Labor cost + Manufacturing Overhead Costs

= $200,000 + $250,000

= $450,000

8 0

3 years ago

Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potent

Triss [41]

Answer:

Overhead assigned to product labour hours

Product A = $36.5 per hour × 76%× 1900= 52,706.0

Product B = $36.5 per hour × 24%× 1900= 16,644.0

Overhead assigned to product using machine hours

Product A = $1.54 × 17,700= $27,258

Product B = $1.54 × 27,300 =$42,042

Explanation:

Under the traditional absorption costing system, overhead is assigned to units produced using the direct labour hours or machine hours basis.

Overhead absorption rate = Budgeted overhead for the period/Budgeted labour hours

OAR = $69,300 /1,900 hours

= $36.5 per hour

Overhead assigned to product

Product A = $36.5 per hour × 76%× 1900= 52,706.0

Product B = $36.5 per hour × 24%× 1900= 16,644.0

Overhead absorption rate = Budgeted overhead for the period/Budgeted machine hours

OAR = $69,300 /45,000 hours= $1.54 per hour

Overhead assigned to product

Product A = $1.54 × 17,700= $27,258

Product B = $1.54 × 27,300 =$42,042

4 0

3 years ago

Which of the following outcomes is not a direct result of a market analysis?

uranmaximum [27]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

below are the choices that should accompanied your question above the answer is D.

<span>a. corporate responses to changes in the business environment
b. assessment of competitors strengths
c. identification of customer needs
d. development of core competencies</span>

8 0

3 years ago