Answer:
$175,000
Explanation:
Conversion costs are production costs that must be incurred in order to change raw materials into products.
Therefore, we have:
Total of the conversion costs = Cost of clay used in production + wages paid to the workers who paint the figurines = $76,000 + $99,000 = $175,000
Answer:
Throughout the clarification segment elsewhere here, the definition including its issue is mentioned.
Explanation:
- The very first e-mailed submission from Altisource that doesn't even dispute Lucas' suggestion would have been the proposal which most definitely meets the part of the arrangement to create a contract. It is when Altisource's e-mail was approved that they committed to it. Today, if a new arrangement with added provisions is presented two days after ratification, it can not be accepted as an aspect of the binding agreement.
- If they could have some trouble with the arrangement, they could've just discussed the based distribution and therefore not approved the agreement. It would never be altered until they have approved it but the same could be known as either a contract arrangement.
Answer:
C. Full employment, fixed supplies of resources, fixed technology, and two goods
Explanation:
Production Possibility curve: It is a curve that shows all possible combinations to the amounts of the two goods that can be produced with the available resources and technology.
In simple words, all resources which are used to produce the possible combinations are called full employment. Thus, these specific assumptions plays vital role in production possibilities curve.
So, A, B, and the D are incorrect options.
Answer:
Equilibrium price increases while the effect on equilibrium quantity is indeterminate.
Explanation:
Due to the higher cost of equipping and maintaining schools, the supply of schools would fall. This would increase the price of schools and the supply would fall.
Increased desire for college education would increase the demand for schools and the price of schools.
Taking the effect of demand and supply together, the equilibrium price would rise and there would be indeterminate effect on quantity
I hope my answer helps you
Answer:
The best transfer price to avoid transfer price problems is $2,310
Explanation:
Transfer Price = Variable cost + Fixed Fee
Variable Cost = Direct Material + Direct labor + Variable Overhead
= 600 + 1,200 + 300
= 2,100
Transfer Price = Variable cost + Fixed Fee
= 2,100 + 210
= $2,310
Therefore, The best transfer price to avoid transfer price problems is $2,310
