Answer:
The correct option here is C) Nutritional labeling and education act.
Explanation:
NLEA or commonly know as nutritional labeling and education act is a new rule passed by the government , which requires the sellers or marketers of a product to show all the information regarding number of grams of fat ( whether trans fat, saturated or saturated fat ) on the packaging of the product.
Answer:
700
Explanation:
The condition for maximizing profits is Marginal cost = Price.
1. We need to calculate the marginal cost, which is the first derivative of the total cost function.
- marginal cost = (TC=10000+0.04q2=) '
2. Now, we equalize the MC to the price and solve for q.
0.08q=56
q=56/0.08
<h2>
q=700</h2>
Answer:
$3,920 favorable
Explanation:
For computing volume variance first we have to find out the overhead rate which is shown below:
Overhead rate is
= $78,400 ÷ 4,000 machine hours
= $19.6 per machine hour
And, the
Volume variance is
= (Normal capacity - standard hour allowed) × overhead rate
= (4,000 machine hours - 4,200 machine hours) × $19.6
= $3,920 favorable
We simply applied the above formula so that the volume variance could come
Answer:
Estimated manufacturing overhead rate= $34.57 per machine hour.
Explanation:
Giving the following information:
Acheson Corporation applies manufacturing overhead based on machine-hours.
Estimated manufacturing overhead $ 157,300
Estimated machine-hours 4,550
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 157,300/ 4,550= $34.57 per machine hour.
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? The firm will go out of business.