Supply and Demand and Optimal Selling

The correct answer is D, $700,000. The nonmanufacturing costs are the costs incurred to make the inventory are crossed out below. Notice that purchasing raw material is not the same thing as incurring a cost. You have simply traded one asset for another. You have not yet used it to make a product, or provide a service.

Gabe's Auto produces and sells an auto part for $30.00 per unit. In 2010, 100,000 parts were

1- The total unit cost = Total Variable Cost + Production Fixed Expenses + Advertising Expense + Selling and Administrative Expense = 3.23 + 1.20 + 0.30 + 0.19 = 4.92.

The most suitable costing method Yeltin should adopt is the practical capacity in order to remove the factor of uncertain budgeted sales figure. For this approach and the practical capacity of 65000-22000 units, then the revised overhead costs come out to be $30. With the inclusion of material and labor costs, the cost of the cartridge stand at $52 and the additional royalty expense of $10 raises the overall per unit cost to $62. The selling price of the cartridge is fixed at $150. With this selling price, the gross margin is equal to $88. The gross margin percentage is equal to 59%. In comparison to the budgeted volume, the gross margin has increased by 14%. See below

1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?

2. What is the total cost? How much of the total cost are labor costs? Capital costs?

a) Consider the implicit function 2x4 (y − 1) + exy = 7 Find the rate of change of y with respect to x when x = 2, y = 1. (2 marks) b) Find: 12y + 6 dy +y+3

Consolidated Company makes cardboard boxes. During the most recent accounting period Consolidated paid $60,000 for raw materials, $48,000 for labor, and $52,000 for overhead costs that were incurred to make boxes. Consolidated started and completed 400,000 boxes. Consolidated desires to earn a gross margin that is equal to 40% of product cost. Based on this information the selling price per box is:

Provide detailed descriptions and show all calculations used to arrive at solutions for the following questions:

Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May.

Anna’s work is correct. Blake made the mistake of subtracting 3, instead of multiplying 6 and X. Christine multiplied with 3; where as you are supposed to multiply with 1/3.

PROBLEM 5-1. Variable and Full Costing: Sales Constant but Production Fluctuates [LO 1, 2, 3, 5] Spencer Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first three years of business is as follows: 2011 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit 15,000 15,000 $750,000 $ 150 $ 250 2012 15,000 20,000 $750,000 $ 150 $ 250 $220,000 2013 15,000 10,000 $750,000 $ 150 $ 250 $220,000 Total 45,000 45,000

Online Quiz Questions for Week 3  Topic: Term Structure  Question: Assume that coupon interest is paid annually and all bonds have a face value of $100. Given the yields to  maturity of the i) 1‐year 13% coupon bond, ii) 2‐year 11.5% coupon bond and iii) 3‐year 9% coupon bond are 10%,  9.5% and 9% respectively. Compute f(1,2), the interest rate of a 1‐year bond in 2 years’ time.    Correct Answer:     7.88%    Question:   Suppose that all investors expect that interest rates on a 1‐year bond for the next 4 years will be as follows:  Today interest rate for a 1‐year bond = 5%  Forward rate for a 1‐year bond in 1 year = 7%     Forward rate for a 1‐year bond in 2 years = 9%     Forward rate for a 1‐year bond in 3

Elasticity of demand represented as “Ed” is defined as a “measure of the response of a consumer to a change in price on the quantity demanded of a good” (McConnell, 2012). Determinants for elasticity of demand would include the substitutability of a good, proportion of a consumer 's income spent on a good, the nature of the necessity of a good and the time a purchase is under consideration by the consumer. Furthermore, elasticity of demand is calculated with this formula:

Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.