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2 years ago

Which of the following is an example of a final good or service?

Business

1 answer:

vesna_86 [32]2 years ago

7 0

Answer:

Explanation:

Hope this helps you. sorry if wrong.

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Gundy Company expects to produce 1,304,400 units of Product XX in 2020. Monthly production is expected to range from 87,000 to 1

Inessa05 [86]

Answer:

Gundy Company

Manufacturing Flexible Budget Report

For the Month Ended March 31, 2020

Budget Actual

Units produced 107,000 107,000

Variable Costs:

Direct Materials $428,000 $455,000 $27,000 U

($4 * 107,000)

Direct labor $749,000 $746,000 $3,000 F

($7 * 107,000)

Overhead $963,000 $971,000 $8,000 U

($9 ×* 107,000)

Total variable costs $2,140,000 $2,172,000 $32,000 U

Fixed Costs:

Depreciation $434,800 $434,800 $0

Supervision $108,700 $108,700 $0

Total fixed costs $543,500 $543,500 $0

Total costs $2,683,500 $2,715,500 $32,000 U

Workings:

Depreciation = (1,304,400 * $4) / 12 = $5,217,600 / 12 = $434,800

Supervision = (1,304,400 * $1) / 12 = $1,304,400 / 12 = $108,700

3 0

2 years ago

A firm is considering expanding its current operations and has estimated the internal rate of return on that expansion to be 12.

andrew-mc [135]

Answer:

expansion should be undertaken as it has a positive net present value

7 0

2 years ago

Buying food to feed your family, a lawn mower to care for your lawn, or a car to drive yourself to work are purchases with what

Nata [24]

Answer:

Rational Motive

Explanation:

A rational motive is the willingness to make an action based on logical and rational criteria

4 0

2 years ago

The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price

Slav-nsk [51]

Answer:

BUDGET LINE

Explanation:

Budget Line is graphical representation of product combinations that a consumer can buy, given product prices & income (all spent)

It is downward sloping because of inverse relationship between goods - one good's consumption has to be decreased to increase other good's consumption, given same prices & income.

Budget Line Equation : x.px + y.py = m

[x = quantity of good x, px = price of good x, y = y good quantity, py = good y price, m = money income].

Slope of Budget line is : Amount of a good sacrifised to attain the other good, given same prices & income. The sacrifise ratio gets derived from the price ratios of the two goods.

Budget Line Slope = ΔY / ΔX = PX / PY

5 0

3 years ago

Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budg

TEA [102]

Answer:

b.$7,172.16 favorable

Explanation:

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

std rate $ 13.13

actual rate $ 12.20

actual hours 7,712

difference between actual and standart rate $0.93

As it is positive the variance is favorable as we spend less per hour than standard.

Now, we multiply by the actual hours to get the rate variance:

7,712 hours x $0.93 = $7,172.16

4 0

2 years ago

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