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Anna11 [10]
3 years ago
7

When comparing short-run average total cost with long-run average total cost at a given level of output, a. short-run average to

tal cost is typically below long-run average total cost. b. short-run average total cost is typically the same as long-run average total cost. c. short-run average total cost is typically above long-run average total cost. d. the relationship between short-run and long-run average total cost follows no clear pattern.
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
7 0

Answer:

c. short-run average total cost is typically above long-run average total cost

Explanation:

In the case when the average of the total cost of the short run should be compared with the average of the total cost of the long run for a given output level so this means that the average of the total cost of the short run should be more than the average of the total cost of the long run

Therefore as per the given situation, the option c is considered

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One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% o
lara31 [8.8K]

Answer:

Raw material purchases (in pounds) 20,275

Explanation:

The computation of the purchase of raw material made for February month is shown below:

Production in Units         20,600    

Multiplied by Raw material needed per unit (in pounds) 1    

Total raw material required (in pounds) 20,600    

Add: closing Inventory (25% of 19300 pounds) 4,825    

Less: Opening Inventory (25% of 20600 pounds) 5,150    

Raw material purchases (in pounds) 20,275

5 0
3 years ago
The following selected account balances are provided for Delray Mfg.
Marina CMI [18]

Answer:

                  DELRAY MFG.  

               Income Statement  

For the year ended December 31, 2017  

 

Sales                           $1,250,000

<u>Cost of goods sold       623,840</u>

Gross profit                        626,160

General and

<u>Administrative expenses       129,300</u>

Net Income                    $496,860

 

              DELRAY MFG.  

Statement of Cost of Goods Sold  

For the year December 31, 2017  

 

Raw Material  

Raw material, beginning     $37,000

<u>Add: Purchases                      175,600</u>

Raw materials available    $212,600

<u>Less: Raw material, end        42,700 </u>

Cost of raw material used      169,900

<u>Add: Direct labor                     225,000</u>

Prime Cost                             394,900

<u> Add: Manufacturing overhead       221,090 </u>

Manufacturing cost              615,990

Add: Work in process, beginning    53,900

<u>Less: Work in process, Ending       41,500 </u>

Cost of Goods Manufactured    628,390

Add: Finished goods, beginning      62,750

Cost of goods available for sale     691,140

<u> Less: Finished goods, ending         67,300 </u>

Cost of goods sold         $623,840

Explanation:

Income statement is computed by deducting cost of goods sold from the sales of the period to get the gross profit, then deduct the general and administrative expenses to get the net income for the period.

To compute cost of goods sold it started from the raw materials beginning inventory then add the purchases of the raw materials including the handling cost to get the raw materials available. Then deduct the raw materials end to get the cost of raw material used for the period. Add direct labor to get the prime cost and then add manufacturing overhead to the prime cost to get the manufacturing cost. Lastly, add work in process beginning and deduct the work in process end to get the cost of goods manufactured then add the finished goods beginning to get the cost of goods available for sale. And from there we deduct the finished goods ending inventory to get the cost of goods sold for the period.

6 0
2 years ago
A manufacturer sells his product at $23 per unit, selling all he produces. His fixed cost is $18,000 and his variable cost per u
svp [43]

Answer:

4000 Units

Explanation:

x = number of units made and sold

C(x) = cost

C(x) = 18.50x+18000

R(x) = revenue

R(x) = 23x

Breakeven point occurs when the cost and revenue are the same, which produces a profit of 0 dollars.

R(x) = C(x)

23x = 18.50x+18000

23x-18.50x = 18000

4.50x = 18000

x = 18000/(4.50)

x = 4000

5 0
2 years ago
Liabilities of the commercial banking system include rev: 06_06_2018 Multiple Choice loans and deposits. reserves and loans. res
Zolol [24]

Answer:

deposits.

Explanation:

The liabilities of the commercial banking system involves capital that includes cash reserves, deposited, debts, checking, saving amount,

The deposits could be in terms of saving deposit, fixed deposits, etc

Therefore in the given case,  the deposits are the commercial banking liabilities and the rest options like loan & deposits, reserve and loans, etc are not the liabilities so these are wrong options.

7 0
2 years ago
Suppose you have $10,000 in cash and you decide to borrow another $10,000 at a(n)6% interest rate to invest in the stock market.
elena-14-01-66 [18.8K]

Answer:

D)-26%

Explanation:

The computation of the realized return on your investment is shown below:

= (Rate of return × total investment) - (interest paid)

= (-10% × $20,000) - (6% × $1,000)

= (-$2000 - $600)

= -$2,600

Now  the Rate of return is

=(-$2,600 ÷ $10,000)

= -26%

hence, the realized return on your investment is -26%

Therefore the correct option is D.

3 0
2 years ago
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