Answer:
During the current year, the following manufacturing activity took place for a company's products. The beginning work–in–process, 70% complete, was comprised of 10,000 units. Units started into production during the year totaled 150,000 units. A total of 140,000 units were completed during the year. The ending work–in–process, 25% complete, was comprised of 20,000 units. What was the number of equivalent units using the first–in, first–out method?
Answer:
by 12 % profit amount is 24000
and 3 % loss amount is 8000
Explanation:
given data
invested = $24000
profit p = 12 % = 0.12
loss l = 3 % = 0.03
net profit = $1680
to find out
amount of investment
solution
we consider here amount invested by 11 % = x
so amount invested by 3 % = 24000 - x
so
net profit equation will be
net profit = p (x) - l ( 24000-x)
1680 =0.12 x - 0.03(24000-x)
x = 16000
and
24000 - x
=24000 - 16000
=8000
so
by 12 % profit amount is 24000
and 3 % loss amount is 8000
Answer: See explanation
Explanation:
a. Consumption = $670 + (30 × $75)
= $670 + $2250.
= $2920
Consumption is $2920
b. Investment = 0
c. Government Purchases = 0
d. Imports = Amount spent on foreign good = 30 × $75 = $2250
e. Exports = Amount of local goods sold to other countries = $100 × $45 = $4500
f. Net Exports = Export - Import
= $4500 - $2250.
= $2250
g. Gross Domestic Product (GDP)
= C + I + G + (X - M)
= 2920 + 0 + 0 + (2250)
= $2920 + $2250.
= $5170
Answer:
Answer for the question :
"An economy consists of three workers: Larry, Moe, and Curly. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour Larry can either mow one lawn or wash one car; Moe can either mow one lawn or wash two cars; and Curly can either mow two lawns or wash one car. a. Calculate how much of each service is produced under the following circumstances, which we label A, B, C, and D: • All three spend all their time mowing lawns. (A) • All three spend all their time washing cars. (B) • All three spend half their time on each activity. (C) • Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. (D) b. Graph the production possibilities frontier for this economy. Using your answers to part (a), identify points A, B, C, and D on your graph. c. Explain why the production possibilities frontier has the shape it does.d. Are any of the allocations calculated in part (a) inefficient? Explain."
is explained in the attachment.
Explanation:
Answer: Option C : ACTIVITY-BASED COSTING
Explanation:
ACTIVITY-BASED COSTING is a type of costing that assigns indirect cost and overhead cost to related products and services. It shows the relationship between manufactured products and overhead tasks.
Other options like job order costing is only used when costs and production specification are not identical for product or customer but the direct cost of labour can be traced to the final product. Also
Process costing is deployed when a process is used to manufacture identical products and the direct material, direct labor, and manufacturing overhead cannot be easily or economically traced to a specific unit.
From the above it shows that the ACTIVITY-BASED COSTING is best used in this case from definition