Help hep help help help

A supply curve shows the relationship between the ______ and _____ when all other influences on selling plans remain the same.

adelina 88 [10]

Answer:

Price

Quantity supplied

Explanation:

The supply curve plots price on the vertical axis and quantity supplied on the horizontal axis.

The supply curve is upward sloping. This indicates the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

8 0

3 years ago

When manufacturing overhead costs are assigned to production in a process cost system, it means that

Colt1911 [192]

Answer:

<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>

Explanation:

When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.

Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.

The fixed overhead is charged using a predetermined overhead absorption rate.

8 0

4 years ago

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit cost

patriot [66]

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

$\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\$

For question 2:

Calculating the ending inventory units:

$= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\$

Calculating the cost for the Ending inventory:

$=1600\ units \times \$16.5\\\\=\$26,400\\\\$

For question 3:

Calculating the absorption costing for the income statement:

Particular Amount

Sales $(38,400\times \$24)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600$

-COGS $(38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$633,600$

Gross profit $\$288,000$

Cost of variable marketing $(\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$46,080$

marketing and administrative costs are fixed $\$130,500$

Net income $\$111,420$

6 0

3 years ago

Fill in the blanks

ELEN [110]

Answer:

Management
Owners
External stakeholders

Explanation:

Management of the business is responsible for taking care of the performance of the business and comparing the present status of the business with the previous status, and sometimes with its competitors.
Owners of the business are the persons who are responsible for creating budgets and make various business-related decisions. These are done with the use of accounting information.
External stakeholders or shareholders are interested in buying shares of the company. They make their investment decisions by analyzing the various positions of the company after going through accounting information.

7 0

3 years ago

The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of

wariber [46]

The Catch-up notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics . According to the catch-up effect idea, which is based on the finding that less developed economies grew more quickly than wealthier nations, all economies would eventually converge in terms of per capita income.

Or, to put it another way, the less developed economies will figuratively "catch-up" to the stronger ones. The theory of convergence is another name for the catch-up effect. The Opening up their economics to free trade and building the social capacities.

To learn more about Catch-up, click here.

brainly.com/question/14895090

#SPJ4

8 0

2 years ago