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2 years ago

Define term common market

Business

1 answer:

Stells [14]2 years ago

5 0

Answer:

A group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries is called common market.

Explanation:

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A. Avoid extra payroll expenses.

LUCKY_DIMON [66]

Answer:

<h2>A. Avoid extra payroll expenses.</h2>

Explanation:

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3 0

3 years ago

Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs. Supporting record

Yakvenalex [24]

Answer:

Work-in-process - Assembly Department $64,160 (debit)

Work-in-process - Finishing Department $38,080 (debit)

Overhead $102,240 (credit)

Explanation:

Assembly Department Costs Assignments

J1 : Raw Materials

Work -in-process $27,100 (debit)

Raw Materials (credit)

J2 : Labor

Work -in-process $40,100 (debit)

Salaries and Wages Payable $40,100 (credit)

J3 : Overheads

Work-in-process $64,160 (debit)

Overhead $64,160 (credit)

Finishing Department Costs Assignments

J1 : Raw Materials

Work -in-process $23,200 (debit)

Raw Materials $23,200 (credit)

J2 : Labor

Work -in-process $23,800 (debit)

Salaries and Wages Payable $23,800 (credit)

J3 : Overheads

Work-in-process $38,080 (debit)

Overhead $38,080 (credit)

Summary of assignment of overhead

Work-in-process - Assembly Department $64,160 (debit)

Work-in-process - Finishing Department $38,080 (debit)

Overhead $102,240 (credit)

3 0

3 years ago

Find out equilibrium price and output for the following market condition.

Ierofanga [76]

Answer:

At equilibrium demand is equal to supply therefore

Qd=Qs

50-2P=3P

By collecting like terms

50=3P+2P

50=5P

P=10

THEREFORE equilibrium price is 10

Explanation:

6 0

3 years ago

Dobles Corporation has provided the following data from its activity-based costing system: The Assembly Cost Pool has a total co

Harrizon [31]

Answer:

$95.34 per unit

Explanation:

activity cost pool total cost(a) total activity(b) activity rate

assembly $228060 180000 hours $12.67

processing oders $34068 1200 orders $28.39

inspection $125560 1720 hours $73.00

Cost per activity is obtained by dividing total cost for each activity pool with its respective total activity. Cost per activity is helpful to identify the total cost allocated to each activity.

particulars expected activity per activity rate total cost

assembly 460 hours $12.67 $5828.20

processing orders 80 orders $28.39 $2271.20

inspection 10 hours $73.00 $730.00

manufacturing overhead $8829.40

Manufacturing overhead is the other costs that are neither direct material cost and nor direct labor cost. Here we add the total cost incurred in each cost pool to arrive at manufacturing overhead of $8,829.40. The manufacturing overhead incurred is allocated to each cost pool as per the activity and per activity rate.

manufacturing overhead per unit = manufacturing overhead/total units produced

= $8829.40/420

= $21.02

product cost per unit = direct material per unit + direct labor per unit + manufacturing overhead cost per unit

= $48.96 + $25.36 + $21.02

= $95.34

Therefore, the unit product cost of product D28K is closest to $95.34

8 0

3 years ago

A business that purchases products in large quantities from producers and then sells it to another entity is known as a _____.

BigorU [14]

A business that purchases products in large quantities from producers and then sells it to another entity is know as a distributor.

Distributors, distribute items to smaller retailers normally. They work as a warehouse with large quantities to sell to others in smaller quantities.

7 0

3 years ago

Define term common market​

Define term common market