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Alika [10]
1 year ago
7

It costs Cool Clothes Company $15 to produce one pair of jeans, but they needed to discontinue production of shirts to focus on

jeans. For this company, the $15 is the _______, and discontinuation of shirt production is considered their __________. opportunity cost; production cost production cost; resource cost production cost; opportunity cost resource cost; production cost
Business
1 answer:
Korolek [52]1 year ago
4 0

Answer:

production cost; opportunity cost

Explanation:

You might be interested in
EA11.
Vedmedyk [2.9K]

Answer:

$1,700

Explanation:

Given that,

Purchase of raw materials inventory  = $1,000

Assignment of raw materials inventory to Job 5  = $500

Payroll for 20 hours with $1,000 assigned to Job 5

Factory utility bills = $750

Overhead applied at the rate = $10 per hour

Cost assigned to Job 5 at the end of the week:

= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied

= $500 + $1,000 + ($10 per hour × 20 hours)

= $500 + $1,000 + $200

= $1,700

3 0
2 years ago
Problem 2-14 As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have
Gala2k [10]

Answer and Explanation:

For calculating the average of the monthly productivity, first, we have to determine the total hours, and then units per machine hours

Therefore, the formula to figure out  the total hours is

=  Hours per machine × Number of machines

For JAN = 325 × 3 = 975 hours

For FEB = 200 × 5 = 1,000 hours

For MAR = 400 × 4 =  1,600 hours

For APR = 320 × 4 = 1,280 hours

Now, the units per machine hours equivalent to  

= Units produced ÷ total hours

For JAN = 2,300 units  ÷ 975 hours = 2.36

For FEB = 1,800 units  ÷ 1,000 hours = 1.8

For MAR = 2,800 units  ÷ 1,600 hours = 1.75

For APR = 3,000 units  ÷ 1,280 hours = 2.34

Now, the average of the monthly productivity equals to

= (2.36 + 1.8 + 1.75 + 2.34) ÷ 4

= 2.06 units per machine hour

7 0
2 years ago
In​ 2011, the fixed costs of a company were​ $500,000, and its variable costs equaled​ $150,000. In​ 2010, the company made an a
Elina [12.6K]

Answer:

$650,000

Explanation:

The total cost of a company may be grouped into fixed and variable cost. The fixed cost remains constant at a given range of activity levels while the variable cost increases proportionately as the level of activities.

The total variable cost is the product of the unit variable cost and the number of units produced.

Hence, total cost in 2011

= $500,000 + $150,000

= $650,000

4 0
2 years ago
Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000,
Bumek [7]
Owner's equity = starting equity + revenues - expenses - withdrawals 

$280,000 + $375,000 - $265,000 - $30,000

Owner's equity is $360,000.
8 0
2 years ago
Suppose you live in western Massachusetts and need to get to San Francisco to close a business deal by the following night. Beca
Masja [62]

Answer:

hill-climbing strategy

Explanation:

Based on the scenario being described within the question it can be said that this would not have been possible if you exclusively employed a hill-climbing strategy. This is a strategy used for problem solving in which the easiest solution is employed first and adjustments are made to the solution as it is be implemented. In this scenario it would increase the travel time and you would never make it to the deal on time.

3 0
1 year ago
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