Answer:
The correct answer is letter "C": Colombia has a comparative advantage in producing coffee relative to the United States.
Explanation:
A comparative Advantage is a person, company, or country's ability to produce a good or service at a lower cost of production than its competitors. Possessing a comparative advantage does not mean that one entity is absolutely better at producing a good or service than another.
Thus, <em>Colombia has a comparative advantage in producing coffee relative to the United State because its lands and weather allows the growing of coffee crops better than in the U.S.</em>
Answer:
324,000 Applied Overhead Regular Widget
Explanation:
![\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate](https://tex.z-dn.net/?f=%5Cfrac%7BCost%5C%3A%20Of%20%5C%3AManufacturing%20%5C%3AOverhead%7D%7BCost%20%5C%3ADriver%7D%3D%20Overhead%20%5C%3ARate)
<u>Remember:</u> the overhead rate is calculated by distributing the overhead cost with a cost driver
675,000/300,000 = 2.25
![Product \times rate = Product \: overhead](https://tex.z-dn.net/?f=Product%20%5Ctimes%20rate%20%3D%20Product%20%5C%3A%20overhead)
deluxe 3 labor hours x 2.25 = 6.75 per unit
regular 2 labor hours x 2.25 = 4.50 per unit
Allocate Ovehead Regular widget
72,000 x 4.50 per unit = 324,000 Applied Overhead Regular Widget
Answer:
The answer is A. $270,000
Explanation:
Gross profit is a measure of profitability. It can be derived by deducting cost of sales(cost of goods sold) from the net sales or revenue i.e Net sales(revenue) minus cost of sales:
Sales or Revenue: 45,000 units at $15
45,000 x 15
=$675,000
Cost of sales:
45,000units = ($450,000 / 50,000 units) × 45,000 = $405,000
Therefore, gross profit is:
$675,000 - $405,000
=$270,000
So first, you need to determine how many rooms will be used. We are told that there is a total of 100 rooms, but we are running at 50% capacity. So we will use 50 rooms for this calculation.
Next, we need to find how many rooms 1 housekeeper can clean in their 8 hour shift. We are told that it takes them 25 minutes per room. This means they can clean 2.4 rooms per hour. So, 2.4 X 8 hours = 19.2 per shift.
Then we would take the total number of rooms that need to be cleaned (50) and divide by how many rooms 1 housekeeper can clean (19.2) = 2.6 and since you can't have .6 of a person, you should round up to 3.