Qucation
1 answer:
As a result of the record amount of grapes, the equilibrium price decreases while the equilibrium quantity increases. Please find attached the required graph.
<h3>What is the impact of the record amount of grapes?</h3>If there is a record amount of grapes produced, the amount of wine produced would increase. This is because grapes are an input used in the production of wine.
As a result, the supply of wine would increase. This would lead to a shift to the right of the supply curve for wine. the equilibrium price decreases while the equilibrium quantity increases.
To learn more about supply curves, please check: brainly.com/question/26073189
You might be interested in
Answer:
$671.92
Explanation:
Note: The full question is attached as picture below
Product R3
Labor-related cost = 40736/7200*5400
Labor-related cost = $30,552
Production orders = 65970/1600*1000
Production orders = $41,231
Order size = 433175/7100*3100
Order size = $189,133
Total overhead = Labor-related cost + Production orders + Order size
Total overhead = $30,552 + $41,231 + $189,133
Total overhead = $260,916
Annual production and sales of Product of R3 = 900 u nit
Overhead cost per unit = Total overhead / Unit
Overhead cost per unit = $260,916 / 900
Overhead cost per unit = $289.92
Direct material = $226
Direct labor = (26*6) = $156
Unit product cost = Overhead cost per unit + Direct material + Direct labor
Unit product cost = $289.92 + $226 + $156
Unit product cost = $671.92.
