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neonofarm [45]
3 years ago
12

Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run

monthly usage of staff hours for Operating Departments 1 and 2 follow. Department 1 Department 2 Total Short-run usage (hours) 80,000 120,000 200,000 Long-run usage (hours) 90,000 110,000 200,000 If Soprano uses dual-cost accounting procedures and fixed administrative costs total $1,000,000, the amount of fixed administrative costs to allocate to Department 1 would be:
Business
1 answer:
Nuetrik [128]3 years ago
8 0

Answer:

$850,000

Explanation:

Total Hours of Department 1=$80,000+$90,000

=$170,000/$200,000*1000,0000

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a manufacturer of games sell each copy for 21.95.the manufacturing cost of each copy is 14.92. monthly fixed cost is 8500. durin
natali 33 [55]

The break-even point is calculated as -

Break-even point (in units) = Fixed cost ÷ Contribution margin per unit

Here,

Selling price = $ 21.95

Variable cost (manufacturing costs) = $ 14.92 (since, costs bifurcation is not given, the manufacturing costs are taken as variable costs)

Contribution per unit = Selling price - Variable cost (manufacturing costs)

Contribution per unit = $ 7.03

Fixed cost (monthly) = $ 8500

Now,

Break-even point (in units) = $ 8,500 ÷ $ 7.03

Break-even point (in units) = 1,209.1 or 1210 games

7 0
3 years ago
1. Descriptive statistics ________. quickly describe large amounts of data can predict future stock returns with surprising accu
nika2105 [10]

Answer:

1. quickly describe large amounts of data

2. the stock is worth 15% more at the end of the year than at the beginning

3. 9.2%

Explanation:

Descriptive statistics helps to quickly describe large amounts of data because it simply involves using certain measurement tools to describe the data seen such that patterns emerge that will help in analyzing the data. Examples include, frequency tables and measures of variation like range and standard deviation.

When a stock has a 15% return, it means that the owner is getting 15% more than the amount that the stock cost them therefore showing that the stock is worth 15% more at the end of the year than at the beginning.

The return on the stock is;

= (4.75 - 4.35) / 4.35

= 9.2%

3 0
2 years ago
Suppose our firm produces chartered business flights with capital (planes) and labor (pilots) in fixed proportion (i.e. one pilo
qaws [65]

Answer:

C. optimal capital labor ratio remains the same

Explanation:

One pilot for each plane implies A = B

Let cost be C

So, isocost line is xA + rB = C

So, xA + yA = C (as L = K)

So, (x+y)A = C

So, A = C/(x+y) =B

Optimal capital labor ratio = B/A = 1 as B =A

Now, wage rate increases to x'

So, isocost line is x'A + yB = C

So, x'A + yA = C (as A = B)

So, (x'+y)A = C

So, A = C/(x'+y) = B

New optimal capital labor ratio =B/A = 1 as B = A

Thus, optimal capital labor ratio remains same because capital (planes) and labor (pilots) are used in fixed proportion.

Thus the answer is

C. optimal capital labor ratio remains the same

5 0
3 years ago
Which statement accurately describes the effect of the federal government rapidly reducing government expenditures?
olganol [36]
The statement which accurately describes the effect of the federal government rapidly reducing government expenditures is D.Unemployment rates will increase because federal spending makes up a large part of the economy. Since the goverment keeps up money for particular economic expenses, it means that the salaries will be decreased and the level of firing people wold decrease. Therefore, companies will not be able to offer a escent salary to their new empoyees which means that unemployment rate will grow.
4 0
3 years ago
A firm has market power if it can a. maximize profits. b. minimize costs. c. influence the market price of the good it sells. d.
VikaD [51]

Answer:

Option C: Influence the market price of the good as it sells

Explanation:

Market Power is simply when a firm is able to raise price above the equilibrium level by not and without losing all of its customers. It depends on largely on the closeness of substiutes.

A firm has market power if it can Influence the market price of the good as it sells to its customer and can regulate it when necessary.

5 0
2 years ago
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