Table 3-6 England Spain Labour hours needed to make one unit Cheese Bread 2 8 Amount produced in 40 hours: Cheese Bread 40 20 Refer to Table 3-5. How could England and Spain benefit? a by England specializing in both goods and Spain specializing in neither good b. by England specializing in cheese and Spain specializing in bread c. by England specializing in bread and Spain specializing in cheese d. by England specializing in neither good and Spain specializing in both goods 20 5

Table 3-6 England Spain Labour hours needed to make one unit Cheese Bread 2 8 Amount produced in 40 hours: Cheese Bread 40 20 Refer to Table 3-5. How could England and Spain benefit? a by England specializing in both goods and Spain specializing in neither good b. by England specializing in cheese and Spain specializing in bread c. by England specializing in bread and Spain specializing in cheese d. by England specializing in neither good and Spain specializing in both goods 20 5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 7 Quiet Corp. currently makes 2000 subcomponents a year in one of its factories. The unit costs to produce are: Description Per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $4 4 2 IMI An outside supplier has offered to provide Quiet Corp. with the 2000 subcomponents at a $17 per unit price. Fixed overhead is not avoidable. If Quiet Corp. decides to buy from the outside supplier, the impact to net income will be ? If positive, enter the number, if negative, place a-sign before your number
d Al Mamari وضع التوافق تم الحفظ - BAAC3204 Cost Accounting 2- Practical Assignment Clale مراسلات bubri أبجد هوز أيجد هوز أيجد هوز =、三 A。 و استبدال Ssle 1 blait A clock manufacturing company expected that standard direct material cost per unit will be $ 150, standard labour cost per hour will be $20 , standard variable overhead cost is $15 per hour . standard fixed cost is $125000. Total hours required for producing are 12 hours. Expected number of producing is 3000 Then standard cost of the company -
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Table 3-6 England Spain Labour hours needed to make one unit: Cheese 1 R Bread 2 8 Amount produced in 40 hours: Cheese Bread 40 20 Refer to Table 3-5. How could England and Spain benefit? a. by England specializing in both goods and Spain specializing in neither good b. by England specializing in cheese and Spain specializing in bread c. by England specializing in bread and Spain specializing in cheese d. by England specializing in neither good and Spain specializing in both goods 20 5
Please do not give solution in image format thanku
Exercise 2 Sumbul Ağa Manufacturing: Information: Amount Sold Unit A 8,000 Regular Selling price 39.95 Total Costs Materials $ 36,000 Labor $ 48,000 Factory Overhead 2$ 24,000 Units identified as inferior or second quality: 100 products Units expected selling price: $9.95 each one Actions to take: 1. Prepare the Journal Entries to charge production costs. 2. Prepare the Journal Entries to charge all departments. 3. Prepare the Journal Entries to charge specific job because is a special order. 4. Calculate the unit cost.
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Arial B IUA 11 E E E E E 3 1 4 | 5 | 6|7 L 8 9 1 10 11 12 13 l 14 1 15 16 CHOCODOKIA is a famous chocolate factory in Switzerland. Every year, the company must produce 2200 units (with the same amount of production). Sales are evenly distributed throughout the year. The company wants to determine the lot size which can minimize the cost of ordering (setup costs) and costs of storage (carrying costs). Given that the cost of producing each unit is $50, carrying costs are 10% of the average inventory and setup costs are $20 (per production run). Using the Differentiation Method (1st and 2nd Derivative Test). Determine economic lot size for the company and provide an explanation of the results of these calculations. EL
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