Which term describes a situation where the quantity of output rises, but the average cost of production falls?.

Xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were sold. Un

mezya [45]

Answer:

FIFO ending inventory 300 dollars

LIFO ending ivnentory 200 dollars

Explanation:

May-1 Inventory 30 units at $8 $ 240

15 Purchases 25 units at $11 $ 275

24 Purchases 35 units at $12 $ 420

Total good available 90 units for a value of $935

We sale 65 units therefore, 25 units remains in our ending inventory.

FIFO will sale the first units leading the newest for inventory

So May 24th would be our ending inventory:

25 units x $12 = $300

LIFO will sale the newest and leave the oldest as inventory.

May 1st units are still at inventory according to LIFO

25 units x $8 = $200

7 0

3 years ago

According to the Huff Gravity Model, the two factors which attract consumers to a store location are: travel time for customer t

azamat

Answer:

The correct answer would be option B, The attractiveness of the store's location and the time it takes to travel to the store.

Explanation:

According to the Huff Gravity Model, The two factors which attract customers to a store location are the attractiveness of that store's location and the time it takes to travel to the store.

This means that according to the Huff theory, people will likely to purchase from a store which is present at a more attractive location and also the time taken to reach at that specific store is less. For example, I myself prefer going to Lulu Hypermarket over Panda Hypermarket because of the difference in the location of both the stores and also Lulu Hypermarket is more near to me than Panda Hypermarket. The location of Lulu is more attractive.

5 0

2 years ago

45 on low of 6 a b c or d

MA_775_DIABLO [31]

Answer:

c

Explanation:

7 0

3 years ago

Read 2 more answers

Pappy's Toys makes two models of a metal toy—Standard and DeLuxe. Both models are produced on a single machine. The price and co

Molodets [167]

Answer:

a) it will do 210,000 units of standard

b) 127,500 units of standard

19,000 units of deluxe

Explanation:

Standard Deluxe

Sales 115 135

Variable Cost 50 54

CM 165 189

Constrain resource 0.5 1.5

(machine hours)

CM per constrain 330.00 126.00

a)

As the company can use up to 105,000 machine hours It will use as much as it can in doing Standard model which yield a better contribution of the constrain resource.

105,000 machine hours available / 0.5 hours per standard unit = 210,000 units

As there are 230,000 untis available for Standard we can use the entire capacity for standard and achieve the maximum contribution

b) as there isn't enough demand for standard the compay will do the 127,500 and the rest fill it with deluxe:

105,000 hours - 127,500 x 0.5 = 28,500 hours for deluxe

28,500 / 1.5 hours per unt = 19,000 units for deluxe

3 0

3 years ago

When Max was hired to work in the warehouse of the automobile manufacturing facility, he was told that while he didn't have to j

zimovet [89]

Answer:

The answer is: Union shop

Explanation:

Union shop refers to an agreement between a company and a labor union making it mandatory that all employees must belong to the labor union or if they are hired recently, they must join the union within a certain period of time.

In this case the time given to Max was 8 weeks for him to join the union or he would not be able to work there.

5 0

3 years ago