Which pair is an example of products in complementary (joint) demand?

Bradford, Inc., expects to sell 9,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor i

Ierofanga [76]

Answer:

Direct material= $19,500

Direct labor= $78,000

Overhead= $19,500

Explanation:

Giving the following information:

Direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase.

The following inventory levels apply to 2019:

Beginning inventory - Ending inventory

Direct materials 3,000 units 3,000 units

Finished goods inventory 300 units 500 units

Sales= 9,000 units

First, we need to determine the number of units to be produced:

Production= sales + desired ending inventory - beginning inventory

Production= 9,000 + 500 - 3,000= 6,500

Purchases (direct material)= produciton + desired ending inventory - beginning inventory

Purchases= 6,500 + 3,000 - 3,000= 6,500

Now, we can calculate the budgeted costs:

Direct material= 3*6,500= $19,500

Direct labor= 12*6,500= $78,000

Overhead= 3*6,500= $19,500

8 0

3 years ago

Nate is a manager at a small appliance store. He is working with an unhappy customer who is yelling at him. Nate’s policy on han

mart [117]

Compromising handling style

8 0

4 years ago

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If you start investing a little money now you will most likely have a lot more mone than those who start investing later on in l

Afina-wow [57]

True, usually the earlier you invest the more money you will get later down the road.

7 0

3 years ago

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Consider the following pairs of items: a. shampoo and conditioner b. iPhones and earbuds c. a laptop computer and a desktop comp

Travka [436]

Answer:

e. air-travel and weed killer

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If the cross price elasticity is zero, there is no relationship between the pair of goods

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

The cross price elasticity of beef and pork and a laptop computer and a desktop computer should be positive

If the cross-price elasticity is negative, it means that the goods are complementary goods . The cross price elasticity of an iPhones and earbuds should be negative

6 0

3 years ago

Timmy can edit 2 pages in one minute and he can type 80 words in one minute. Olivia can edit 1 page in one minute and she can ty

RUDIKE [14]

Answer:

True

Explanation:

A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.

A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared with other people

To calculate comparative advantage, first find the opportunity cost:

Opportunity cost of timmy editing = 80/2=40 words

Opportunity cost of timmy typing = 2 / 80 = 0.025

Opportunity cost of oliva editing = 100/1= 100

Opportunity cost of oliva typing = 1/100=0.01

Olivia has a comparative advantage in typing while timmy has a comparative advantage in editing.

Olivia types more words than timmy, therefore she has an absolute advantage in typing.

Timmy edits more pages than oliva, Therefore, he has am absolute advantage in editing.

I hope my answer helps you

7 0

3 years ago