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3 years ago

Cost of Normal Spoilage

Business

1 answer:

Mars2501 [29]3 years ago

6 0

Answer:

1. Calculation of the Cost of the Tramel Job

Particulars Amount

Direct material cost $2,300

Direct labor cost $500

Overhead applied $650 (500*130)

Total cost of job $3,450

2. Particulars Debit Credit

Overhead Cost $1,300

To materials $800

To Labour $500

3. The Cost of the Tramel Job will not be affected

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What is the SNAP food program governed by the farm bill

nevsk [136]

Answer:

The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.

Explanation:

3 0

2 years ago

Economic modelsa. are not useful because they omit many real-world details.b. are usually composed of diagrams and equations.c.

tino4ka555 [31]

Answer:

b. are usually composed of diagrams and equations.

Explanation:

Economic models involve huge number of factors for their study and analysis.

It encompasses the analysis of various situations in an economy. It amounts for significant influence on the changes in market and environment, in which an economy runs.

Since it is complex in nature it involves huge diagrams, metrics, equations.

As with just theory it is not easy to form the understanding of economics. Thus, it involves many pictorial representations in the form of diagrams, graphs, etc:

Therefore, correct statement is

Statement b

6 0

3 years ago

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di

Kaylis [27]

Answer:

Dr Retained Earnings 500,000

Cr Com. Stock Dividend Distributable 100,000

Cr Add’l Paid – in Capital, Com. Stock 400,,000

Explanation:

Preparation of the journal entry

Dec. 31

Dr Retained Earnings 500,000

[(100,000 x (50/100)* 10 market price]

Cr Com. Stock Dividend Distributable 100,000

[(100,000 x (50/100)*2 par value ]

Cr Add’l Paid – in Capital, Com. Stock 400,,000

(500,000 – 100,000 )

6 0

2 years ago

A monopolist A. can charge whatever price it wants because it is the only firm producing the good. B. can usually keep price equ

Igoryamba

Answer: A monopolist "C. is constrained in its pricing decisions by the demand curve it faces."

Explanation: The market demand curve (negative slope) for a company that exercises a monopoly position is very important, since it is the one that marks the limit to its decision making. For example, a company that would like to increase its price to the highest possible level could do so, but as the price increases, the quantity it sells is reduced, with which the maximum possible price would lead it to have a demand of zero. On the other hand, if you want to produce as much as possible, again the demand curve works as a border, because for the demand in the market to acquire a greater amount, the price at which you must sell your product is reduced, to the point in that it can meet all the demand at the intersection in the demand curve on the horizontal axis, but at this level the price of the product should be zero. Then it is clear that the demand in the market marks an important restriction for the company to choose an amount or the price at which it will produce.

8 0

3 years ago

You are a consultant specializing in estimating the costs after the employees learn how to do a job more efficiently by repetiti

Ivahew [28]

Answer:

$58,600

Explanation:

The computation of the total cost for producing the 400 units for the new product is shown below:

= Learning curve at 65% for producing 400 units × cost for produced first time

= 23.44 × $2,500

= $58,600

By multiplying the Learning curve at 65% for producing 400 units with the cost i.e produced first time so that the total cost could come and the same is to be considered

5 0

3 years ago