The correct answer is:
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Answer:
$44 per case.
Explanation:
If A standard-size box requires 8 board feet of hardwood in the finished product. In addition, 2 board feet of scrap lumber are normally left from the production of one box. Hardwood costs $4.00 per board foot, plus $1.50 in transportation charges per board foot.
Then, To calculate the standard cost of direct materials for the jewelry box, we multiply the direct materials standard price of $4.00 (plus the transportation costs of 1.50 per board foot) by the direct materials standard quantity of 8 feet (8 board feet of hardwood in the finished product) per unit.
The result is a standard direct materials cost of $44 per case.
Answer:
4. does not do the required homework before beginning development.
Explanation:
Ready Fire Aim approach is undertaken when the company is not prepared and has placed the product in the market with the aim that improvements will come later.
This approach is used to collect the responses of the customers and study the patterns of behavior. As we get the responses we improve the product accordingly.
This approach is used in product development processes.
Answer: Most economist believe that prices are flexible in the long run but many are sticky in the short run.
Explanation:
Prices are sticky in the short run because producers and buyers take time to adapt to new situations. If there is a shortage of butter, lets say, the economic theory says that the prices will rise because there is less butter ( ceteris paribus = all the other factors remain constant). Actually, buyers and suppliers need time to adapt to the new situation. However, in the long run buyers and suppliers have time to adapt to new situations so prices become more flexible.
Answer:
$437,000
Explanation:
We first, find the net cash flow for the current period, and then, add the cash balance for the period immediately before.
Net cash flow for current period:
Cash provided by operating activities $310,000
Cash used by investing activities ($120,000) - we substract this because the cash was "used", that is to say, it was spent.
Cash provided by financing activities $149,000
Net cash flow: $339,000
Ending cash balance = Net cash flow + beginning cash balance
= $339,000 + 98,000
= $437,000
