All categories

2 years ago

Please match the hypothetical scenarios with the correct type of good.

Business

1 answer:

MaRussiya [10]2 years ago

3 0

Answer:

a) Export goods & services; b) Government goods & services; c) Capital Goods

Explanation:

Consumption Goods are used by consumers, for final consumption. Real Estate refers to land, property cases. There are no such illustrative cases.

Export goods & services are sent to foreign country for selling. Pierre produces cheese in France, for getting it sold in Canada. So, it illustrates case of goods export

Government goods & services are used by government officials for government goods & service purpose. FBI agent purchasing vehicle for tracking missing persons, illustrates case of government goods & services.

Capital Goods are investment goods, which increase the productive capacity of businesses. Wanda purchasing 6 new sewing machines for her tailoring business, is example of Capital Goods.

You might be interested in

Norred Corporation has provided the following information: Cost per Unit Direct materials Direct labor Variable manufacturing ov

mariarad [96]

Answer:

$134,300

Explanation:

Total indirect manufacturing cost = (Unit Produced * Variable manufactured overhead) + Fixed manufacturing overhead

= (8,000 * 1.60) + 121,500

=12,800 + 121,150

=$134,300

Hencc, the total amount of indirect manufacturing cost is $134,300

4 0

2 years ago

Nation’s Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The firm’s controller is accum

g100num [7]

Answer:

Instructions are below

Explanation:

Giving the following information:

January 520 $ 4,470

February 490 4,260

March 300 2,820

April 500 4,350

May 310 2,960

June 480 4,200

July 320 3,000

August 400 3,600

September 470 4,050

October 350 3,300

November 340 3,160

December 320 3,030

A) To calculate the fixed and variable costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (4,470 - 2,820) / (520 - 300)

Variable cost per unit= $7.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 4,470 - (7.5*520)

Fixed costs= $570

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,820 - (7.5*300)

Fixed costs= $570

Total cost= 570 + 7.5x

x= hours of mantainance

C) x= 590

Total cost= 570 + 7.5*590

TC= $4,995

D) x= 600

Total cost= 570 + 7.5*600

TC= $5,070

8 0

2 years ago

In a company's standard costing system, direct labor-hours are used as the base for applying variable manufacturing overhead cos

BARSIC [14]

Answer:

From this information one can conclude that last period the variable overhead efficiency (quantity) variance was unfavorable.

Explanation:

The variable overhead efficiency variance measures the difference between the actual and budgeted hours worked with respect to standard variable overhead rate per hour.

Variable overhead efficiency variance can be calculated thus:

Actual labor hours less budgeted labor hours x Hourly rate for standard variable overhead

If the time it takes to manufacture a product and the time budgeted for it matches or performs well, the labor efficiency is favorable.

Variable overhead efficiency variance is deemed unfavorable when it takes the company more time than budgeted to produce. This also shows labor efficiency variance was unfavorable.

4 0

2 years ago

Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3 per unit. Bluebird currently produces and sell

Orlov [11]

Answer:

Net income will increase by $11,250

Explanation:

Provided information,

Current sales = 75,000 units which represents 80% capacity

Therefore, 100% capacity = $\frac{75,000}{0.8} = 93,750 units$

Fixed cost at 100% capacity = $1.25 $\times$ 93,750 = $117,187.50

Therefore,

Current net income

Sales = 75,000 $\times$ $7.00 = $525,000

Less: Variable cost = 75,000 $\times$ $3.50 = $262,500

Less: Fixed Cost = $117,187.50

Net Operating Income = $145,312.50

Now with the additional order, which is of 15,000 units the additional ideal capacity of 20% will be utilized, further no fixed cost will be incurred, as the entire fixed cost for 100% capacity is utilized, thus

Sales = 15,000 $\times$ $3 = $45,000

Less: Variable cost = 15,000 $\times$ $2.25 = $33,750

Net Income = $11,250

Thus, the net income will increase by $11,250

5 0

2 years ago

Imagine you've just gotten the first glimpse at your upcoming report card or transcript. 1. What are your steps for reviewing it

ludmilkaskok [199]

Answer:

Steps to Reviewing it:

Look for the unweighted and Total GPA
Look at the individual grades for the various subjects by semester then by GP.
Look at the explanation of marks
Finally look at the comments made on the report

Sections drawn to:

Total GPA
Grades in certain courses such as Computer Science, Commerce and Chemistry.
Comments from teachers

Important to me

That I pass all my subjects as much as possible and cause my teachers less grief.

Important to my parents

That I pass all my subjects by the best margins possible.

Actions if something looks wrong:

Investigate on my own first for instance, if a grade is not what it should be, go through term papers and be sure of the results.
Go to relevant authority to complain.

4 0

1 year ago