A person who is a good employee of a multinational company means that he is fit to be an entrepreneur. TRUE or FALSE

The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 24,

UNO [17]

Answer:

(1)

Compute the direct materials price and quantity variances. (Round your answers to 2 decimal places.)

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Explanation:

(1)

Standard quantity 30,060 units × 1/2 pound per unit = 15,030 pounds

(2)

Standard hours 30,060 units × 1/6 hour per unit = 5,010 hours

Actual rate per hour = $106,656/5,555 hours = $19.20

Explanation:

7 0

4 years ago

True or False: If Jake's Fire Engines were a competitive firm instead and $75,000 were the market price for an engine, decreasin

nirvana33 [79]

Answer:

False

Explanation:

If Jake decides to increase total sales volume by decreasing the price of its engines, the decrease in price is too large compared to the increase in quantity demanded. The number of engines sold will increase from 5 to 6 (1 more unit) while the price of each engine will decrease from $75,000 to $50,000.

In this scenario, engines are price inelastic:

PED = % change in quantity demanded / % change in price = [(6 - 5) / 5] / [($50,000 - $75,000) / $75,000] = (1 / 5) / ($25,000 / $75,000) = 0.2 / 0.33 = 0.6

when PED is less than 1, the demand is inelastic. This means that a decrease in price will result in a smaller proportional increase in quantity demanded.

3 0

3 years ago

The Metal Shop produces 1.7 million metal fasteners a year for industrial use. At this level of production, its total fixed cost

DiKsa [7]

Answer: The offer should be rejected.

Explanation:

Given the following :

Total units produced = 1,700,000 units

Total cost = $791,000

Total fixed cost = $486,000

5% increase in production = (0.05 × 1,700,000) = 85,000

Units required by customer = 50,000 ( it is still within range without incurring additional fixed and variable cost).

Hence, total variable cost :

Total cost - total fixed cost

$(791,000 - 486,000) = $305,000

Variable cost per unit :

Total variable cost / total units produced

$305,000 / 1,700,000

= $0.179

Variable cost = marginal cost (Since variable cost per unit will be unchanged).

Offered price = $0.165

$0.165 < $0.179

Since offered price < marginal cost ; The offer should be rejected.

7 0

4 years ago

A number of studies examining the number of elderly adults with major ncd are not in agreement. explain at least three possible

s2008m [1.1K]

1. Many form of NCDs appear without obvious symtoms, making people who actually had it may not realize that they had it.
2. In elderly, the number of NCDS may be hidden behind so many other complications, and will mess up the number.
3. Many forms of NCD in elderly caused sudden death before it recorded.

5 0

3 years ago

In the ____________________ of the Circular Flow model, Households provide Consumption Spending (or Revenues) to the Business se

Dafna11 [192]

Answer:

Product Markets

Explanation:

The free flow of products and services in a market is an important reason which helps in the encouragement of economic activity. A free market helps in the free flow of the products and services. The circulation of goods and services in the free economy is said to be the circular flow model. The product market in the circular flow model signifies the goods and services which are finished products.

7 0

3 years ago