Answer and Explanation:
The computation is shown below:
Contribution Margin for Bat 
= $50 - $50
= $0
Contribution Margin for Gloves = $100 - $80
= $20
Now  
Overall Contribution Margin = (0 ×70%) + ($20 × 30%)
= $0 + $6
= $6
Now  
A. Break even sales = Fixed cost ÷ contribution margin
= $57,000 ÷  $6
= 9,500
B.Baseball bats = 9,500 × 70% =6,650
Baseball Gloves = 9,500 × 30% = 2,850
 
        
             
        
        
        
Answer:
Change in Investment  (Government Spending) = $200
Explanation:
Multiplier = k =∆Y/∆I = 1/(1-MPC) 
Needed ∆Y = $1000  ;  MPC = 0.8 
1000/ ∆I = 1 / (1-0.8) 
1000/∆I  = 1 / 0.2 
1000/∆I  = 5 
∆I  = 1000/5 
∆I = 200 
 
        
             
        
        
        
Answer and Explanation:
An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.
3-2/2 X 100 = 50%
The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666
The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67
 
        
             
        
        
        
Answer:
Materials used in production go to Work in Process so;
= 936 + 1,690 + 767
= $3,393
The materials used in the general factory will go to Manufacturing Overhead. 
Date                                                                         Debit                   Credit 
Jan 31   Work in Process                                     $3,393
              Manufacturing Overhead                      $   667
              Raw Materials Inventory                                                    $4,060