Answer:
$31,584
Explanation:
Pouch Corporation
Direct Labor Budget June July Total
Required production in units
2,100 1,900
Direct labor-hours per unit
0.84 0.84
Total direct labor-hours needed
1,764 1,596
Direct labor cost per hour
$9.40 $9.40
Total direct labor cost
$16,581.60 $15,002.40 $31,584
Required production in units×Direct labor-hours per unit =Total direct labor-hours needed
Total direct labor-hours needed×Direct labor cost per hour =Total direct labor cost
$16,581.60 + $15,002.40 = $31,584
The answer is (b) Greater,Rise ,toward
Explanation:
Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is <u>Greater </u>than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon <u>Rise</u> .This would push the price <u>Toward</u> the equilibrium price
The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).
Also an increase in the number of buyers of a particular product leads to a shift in the demand curve towards the right side
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.Businesses face Higher cost because the must alter existing infrastructure to<span> meet regulations. As a result, consumers pay more for the same produced goods.
Hope this helps!</span>
Answer:
The total cost at 9000 anchor is $473400
Explanation:
To come up with the cost equation used by the manager, we need to find the variable cost per unit.
The total cost at production level of 5300 is = 5300 * 54 = $286200
Out of the total costs, $18000 are fixed.
Thus, variable costs at production of 5300 is = 286200 - 18000 = $268200
The variable cost per unit is = 268200 / 5300 = $50.60
Let x be the number of anchors produced.
The cost equation is = 18000 + 50.60x
At 9000 anchors, the total cost will be,
Total cost = 18000 + 50.60 * (9000) = $473400
