The average price of milk increased from $3.00 last year to $3.50 this year. This most likely due to:

Gullett Corporation had $34,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona

lapo4ka [179]

Answer:

A decrease in price

Explanation:

8 0

3 years ago

At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost informat

SVETLANKA909090 [29]

Answer:

1. Overhead rate based on direct labor cost = 65%

2. Brief job-order cost sheet for the four jobs is attached with this question please find it.

3.

Work in process = $13,356

Finished Goods = $3,434

4.

Cost of Goods Sold = $24,127

Explanation:

Job 44 Job 45

Direct materials $5,100 $1,500

Direct labor 1,200 3,000

Applied overhead 780 1,950

Balance, June 1 $7,080 $6,450

Job 44 Job 45 Job 46 Job 47

Direct materials $2,200 $7,150 $1,850 $1,700

Direct labor $900 $6,380 $960 $540

1. Over head Rate = Applied overhead / direct labor = (780/1200) x 100= 65%

3. Work in process (Job 44 & 47) = $10,765 + $2,591 = $13,356

Finished Goods (Job 46) = $3,434

4. Cost of Goods Sold (Job 45) = $24,127

4 0

3 years ago

Suppose that in 2007, Ford sold 500,000 Mustangs at an average price of $18,800 per car; in 2008, 600,000 Mustangs were sold at

S_A_V [24]

Answer:

Actually suggests that there was an increase in the demands for Mustangs between 2007 and 2008

Explanation:

Two factors are important to consider in order to make the decision:

The first is the quantity of Mustangs sold

The second is the average price of Mustangs in each year

2007

500,000 Mustangs sold at an average price of $18,800

2008

600,000 Mustangs sold at an average price of $19,500

Implication

The quantity demanded of Mustangs in 2008 was so enormous that supply could not keep up with demand, hence, it created a gap between quantity demanded and quantity supplied. Once, there is a shortage of supply for a product the effect is that price of the product wil go up.

Therefore, the demand went up by 100,000 Mustangs in 2008 and since supply struggled to match this demand, the average price also went up by an aveage of $700

So, the statements show that the demand for Mustangs went up in 2008 and consumers were willing to pay more to get one.

3 0

3 years ago

Which of the following is a nominal variable? - Education - Age - Employment status - One needs to know the attributes to determ

Alja [10]

Answer: Employment status.

Explanation:

Nominal values are values that can't be measured by the use of numbers such as is done in measuring age or counting academic achievements. Nominal values covers aspects such as; gender and employment status which is not measured in numbers.

8 0

3 years ago

wheels, inc. manufactures wheels for bicycles, tricycles, and scooters. for each cost given below, determine if the cost is a

marin [14]

Do not make sense i dk and no logic

4 0

3 years ago