Answer:
1. Profit maximization using total cost and total revenue curves Suppose Juanita runs a small business that manufactures teddy bears. Assume that the market for teddy bears is a competitive market, and the market price is $20 per teddy bear. The following graph shows Juanita's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for teddy bears quantities zero through seven (inclusive) that Juanita produces. Total Revenue Total Cost Profit TOTAL COST AND REVENUE (Dollars) 0 1 2 6 7 8 3 4 5 QUANTITY (Teddy bears) Calculate Juanita's marginal revenue and marginal cost for the first seven teddy bears she produces, and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity.
Marginal Revenue Marginal Cost COSTS AND REVENUE (Dollars per teddy bear) 0 1 2 6 7 8 3 4 5 QUANTITY (Teddy bears) Juanita's profit is maximized when she produces teddy bears. When she does this, the marginal cost of the last teddy bear she produces is , which is than the price Juanita receives for each teddy bear she sells. The marginal cost of producing an additional teddy bear (that is, one more teddy bear than would maximize her profit) is $ , which is than the price Juanita receives for each teddy bear she sells. Therefore, Juanita's profit-maximizing quantity corresponds to the intersection of the curves. Because Juanita is a price taker, this last condition can also be written as
Answer:
B. debit the stationery account and credit the cash account
Explanation:
Every transaction in business has both credit and debit entries in the general journal. Increase in assets, both current and fixed assets, is always debited while decrease in assets is always credited. Both stationery and cash are company’s fixed and current assets respectively. In this case, there is increase in company’s stationery so we debit stationery account. On the other hand, there is decrease in the company’s cash so we credit the cash account. The correct answer is B
Answer:
Allocated MOH= $888
Explanation:
Giving the following information:
The Customizing Department’s predetermined overhead rate is based on direct labor-hours.
Customizing
Direct labor-hours 8,300
Total fixed manufacturing overhead cost $83,000
Variable manufacturing overhead per direct labor-hour $4.80
Job T138:
Direct labor-hours 60
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (83,000/8,300) + 4.8
Predetermined manufacturing overhead rate= $14.8 per direct labor hour
<u>Now, we can allocate overhead to Job 138:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14.8*60= $888
Answer:
The statement made by the client that I need or require a diet which do not have a lot of fatty foods
Explanation:
After the cholecystectomy, the client or the patient need or require a diet which is nutritious and does not have the excess fat, otherwise a special or a particular diet is not stated for most of the clients.
Under this, the client require to have a good fluid intake, that is healthy for all the people though it is not related to the surgery.
And drinking fluids among the meals helps with the dumping syndrome and the restriction of the sweets is not necessary.