Answer:
Spain for the first part and Austria for the second part.
Explanation:
The solution to the question is to determine which of the countries have a comparative advantage in producing stained glass among the two countries.
Comparative advantage represents the ability of an economy or country to produce a good or render a service at opportunity costs lower than other countries or fellow trade partners. Ability to produce at lower opportunity costs simply means that country or economy will produce the good at a lower cost and realise stronger margins in terms of sales and profit.
<u>Spain's opportunity cost of producing a pane of stained glass is 5 bushels of rye</u>
<u>While Austria's opportunity cost of producing the same pane of stained glass is 10 bushels of rye.</u>
Therefore, Spain has a lower opportunity cost and has comparative advantage over Austria in producing stained glass.
Also, Austria has a comparative advantage over Spain in the production of rye.
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Answer:
(a) Plant wide predetermined overhead rate:
= 30
Manufacturing overhead applied Job A:
= Total direct labor hours × Plant wide predetermined overhead rate
= 15 × 30
= 450
Manufacturing overhead applied Job A:
= Total direct labor hours × Plant wide predetermined overhead rate
= 9 × 30
= 270
(b) Departmental predetermined overhead rates:
= 30
= 1.2
Manufacturing overhead applied Job A:
= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)
= (11 × 30) + (10 × 1.2)
= 330 + 12
= 342
Manufacturing overhead applied Job B:
= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)
= (12 × 30) + (5 × 1.2)
= 360 + 6
= 366
Answer:
More likely
Explanation:
If the current market price of a stock is higher than the intrinsic value of that stock, it is less likely to receive a hostile takeover bid. On the other hand, if the current market price of a stock is lower than the intrinsic value of that stock, it is more likely to receive a hostile takeover bid. The reason is that the intrinsic value is the decision-making tool for the investors, which helps the investors to invest in that company.
Answer:
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