QUESTION Glamour Galore Manufacturing has two workstations, cutting and finishing. The cutting station is limited by the speed of operating the cutting machine. Finishing is limited by the speed of the workers. Finishing normally waits for work from cutting. Each department works an eight-hour day. If cutting begins work two hours earlier than finishing each […]
QUESTION Under perfect competition, where in the long run firms earn zero economic profit, do sellers have a preference of earning zero economic profit with their product being sold at a higher price or a lower price? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given:Standard QuantityStandardRateStandardUnit Cost Shampoo2 oz.$0.10per oz.$0.20 Water20 gal.$0.05per gal.1.00 Direct labor0.75 hr.$9.00per hr.6.75 During the month of July, Collinâs employees gave 360 baths. The actual results were 725 ounces […]
QUESTION Assgnmt 3.pdfEach identical consumer has the following demand for golf, q = 100-p, where q is the number of rounds of golf played per year and p is the price per round. The only golf course in an isolated town incurs a marginal cost of $10 per round of golf, which is equal to […]
QUESTION E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4]Amber Company produces iron table and chair sets. During October, Amberâs costs were as follows: Actual purchase price$ 2.30 per lb. Actual direct labor rate$ 7.50 per hour Standard purchase price$ 2.10 per lb. Standard quantity for sets produced970,000 lbs. Standard direct labor hours […]
QUESTION 1. (25 points) A weapons producer sells guns to two countries that are at war with each other. The guns can be produced at a constant marginal cost of $5. The demand for guns from the two countries can be represented as:QA =100-2p QB =80-4p(a) (6 points) Why is the weapons producer able to […]
QUESTION Acoma, Inc., has determined a standard direct materials cost per unit of $8 (2 feet à $4 per foot). Last month, Acoma purchased and used 4,200 feet of direct materials for which it paid $15,750. The company produced and sold 2,000 units during the month.Calculate the direct materials price, quantity, and spending variances. (Indicate […]
QUESTION The economy of Oz has been in full equilibrium for long enough that all economic agents have come to expect a particular price level. Government spending, tax rates and the money supply are all set exogenously.Use an IS-LM and an AD-AS diagram as aids to describing the effect of an unexpected shock to money […]
QUESTION Hi , I need a comment and question t for the post belowI believe that national security should take precedence over Americans’ rights. Without national security, eventually American’s won’t have rights anyway because there will be many more attacks on us. I wouldn’t be surprised if our national security was lessened, that we could […]
QUESTION Compare and contrast direct finance and indirect finance. Which is more likely to have a larger share of the total financial market in a mature economy? In a young economy? Why? What is the relationship between the efficiency of a financial system and the rate of economic growth? Describe the major types of risks […]
