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uysha [10]
2 years ago
13

What is the marginal benefit of the 4th fried peanut butter and banana sandwich?

Business
1 answer:
zhannawk [14.2K]2 years ago
8 0
Given the table below describing the total and marginal benefit Elvis gets from fried peanut butter and banana sandwiches.

\begin{tabular}
{|p {3.5cm}|p {2.0cm}|p {2.6cm}|}
\multicolumn {3} {|c|} {Elvis' Fried Peanut Butter and Banana Sandwich Benefit}\\[2ex]
Fried PBB Sandwiches&Total Benefit (dollars)&Marginal Benefit (dollars)\\[1ex]
1&&42\\
2&&24\\
3&75&\\  
4&81&\\  
5&&-3
\end{tabular}

<span>The marginal benefit of the 4th fried peanut butter and banana sandwich is given by $81 - $75 = $6.</span>
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Answer: See explanation

Explanation:

The material price variance will be calculated as:

= (Standard price - Actual price) × Actual quantity of material used

= ($2 - $4) × 500

= -$2 × 500

= $-1000

= $1000 Unfavourable

The material quantity variance will be:

= Standard quantity - Actual quantity) × Standard price

=[(450 × 2) -500] × $2.00

= (900 - 500) × $2.00

= 400 × $2.00

= $800 Favorable

8 0
1 year ago
On January 1, 2021, Splash City issues $330,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and
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Find the answer in attachment

3 0
2 years ago
Jamison Paints makes and sells paint to home improvement stores. Jamison's only plant can produce up to 12 million cans of paint
Olin [163]

Answer:

Jamison's current total cost of making and selling 10 million cans of paint is $75,000,000 and the current cost per can of paint is $7.5

Explanation:

For computing the current total cost, we need to apply the formula which is shown below:

Total cost = Fixed cost + variable cost

where,

Fixed cost = $15,000,000

And, the variable cost = Annual production × variable cost per plant

                                     = 10,000,000 × $6

                                     = $60,000,000

Now put these values to the above formula  

So, the value would equal to

= $15,000,000 + $60,000,000

= $75,000,000

Now the current cost per can of paint would be

= (Total cost) ÷ (Annual production)

= ($75,000,000) ÷ (10,000,000)

= $7.5 per can of paint

3 0
2 years ago
Leelanau Corporation uses a job-order costing system. The following data are for last year: Work in process beginning balance $
ratelena [41]

Answer:

The correct answer is $138,500.

Explanation:

According to the scenario, the given data are as follows:

WIP beginning = $10,500

WIP ending = $19,000

Cost of goods manufactured = $323,000

Direct material = $115,000

Direct labor = $78,000

So, we can calculate the amount of overhead by using following formula:

Overheads = Total manufacturing costs - Direct materials - Direct labor

Where, Total manufacturing cost = Cost of goods manufactured + Ending WIP - Beginning WIP

= $323,000 + $19,000 - $10,500

= $331,500

So, by putting the value in the formula:

Overheads = $331,500 - $115,000 - $78,000

= $138,500

Hence, the amount of overhead is $138,500.

3 0
2 years ago
According to the enotes, if a company does not have a current supplier for a part, they must issue a(n) _______ so their potenti
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4 0
2 years ago
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