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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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
Return to question Lost Mine has offered to buy 3,100 of the US umbrellas at a price of $32 each. Mohave currently has the excess capacity necessary to accept the offer. The following information is related to the production of the US umbrella: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost $13.00 7.00 9.00 2.50 $31.50 $40.00 Regular. sales price Required: 1. Compute the incremental profit (or loss) from accepting the special order. 2. Should Mohave accept the special order? 3. Suppose that the special order had been to purchase 3,600 umbrellas får $28.00 each. Recompute the incremental profit (or loss) from accepting the special order under this scenario. 4. Assume that Mohave is operating at full capacity. Calculate the special-order price per unit at which Mohave would be indifferent between accepting or rejecting the special order. X Answer is complete but not entirely correct. Complete this question by entering your answers in…
EX 22
Question 4 ABC Unicycle makes unicycles and has two divisions. Each division is evaluated as a profit center. The Wheel division, located in Nambia, produces unicycle wheels and can choose to sell wheels on either the open market at $30 per wheel, or sell them to the Assembly division. The Assembly division, located in Elbonia, assembles unicycles and can choose to either buy wheels from the Wheel division or purchase wheels on the open market. Cost per unit Direct Labour Variable Materials Variable Overhead Costs Fixed Overhead Costs* Other information Maximum capacity Current production volume Wheel Division $2.00 3.00 4.00 5.00 2,000 1,800 Assembly Division $6.00 7.00 8.00 9.00 3,000 2,600 (* Fixed overhead costs are based on current production volumes) Required: A. What is the range of transfer prices between the Wheel Division and Assembly Division for an additional wheel? B. What is the likely range of transfer prices per wheel between the Wheel Division and Assembly Division for…
جماغه بس مفال 4G I. h FMTHO04-Resit-Muhammad Kazam... > 11 js 6 كلية عمان البحرية الدولية TIONAL MARITIME COLLEGE OMAN Question 3 (7) A plant can manufacture 80 golf clubs per day for a total daily cost of S8,147 and 100 golf clubs per day for a total daily cost of $9,647. a. Assuming that daily cost and production are linearly related, find the total daily cost of producing x golf clubs. b. Interpret the slope of this cost equation. c. What is the effect of a 1 unit increase in the production? FMTHO04- RESIT - TERM 2- SEMESTER I 2020 - 2021 Page |6 INTERNATIONAL MARITIME COLLEGE OMAN Question 4 (6) Test the equation x - 2xy - 3y? = 12 for symmetry
EC 3 Question 3 Hometown Bakery sells three types of doughnuts: glazed, jelly, and cake. The following table shows the sales price and variable costs for each type. The bakery incurs $331,000 a year in fixed expenses. Assume that it sells 3 glazed doughnuts for every 1 jelly doughnut and every 1 cake doughnut. DOUGHNUT TYPE SALES PRICE VARIABLE COST Glazed $0.40 $0.29 Jelly $0.52 $0.49 Cake $0.47 $0.29 (a) How many doughnuts of each type will be sold at the breakeven point? (Round intermediate calculations and final answers for the number of doughnuts to the nearest whole, e.g. 5,275.) Jelly doughnuts Cake doughnuts Glazed doughnuts b. What amount of revenue would need to be generated by each type of doughnut for the company to earn $74,100 in operating income?
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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Question 3 Mesin Trade Sdn. Bhd. has two divisions: the 'Excel' and "Shine' divisions. Excel makes and supplies Component X to the Shine Division. The Shine Division buys Component X and converts it to the finished product, which it then sells to its extemal customers. Excel has no external customers for Component X. Expected sales of the finished product are as follows: www ww www Net selling Sales volumes price (RM): | (Units): 1,000 100 90 2,000 3,000 80 70 4,000 5,000 6,000 60 50 The optimal level of output for Mesin Trade Sdn. Bhd. has been determined at 5,000 units and the costs of each division are: www Excel Shine Variable cost per unit Fixed costs attributable to RM62,000 the products RM11.50 RM7.50 RM92,000 Based on a full cost plus mark-up policy, the transfer price of Component X has been set at RM30 per unit. Required: (a) Show computations supporting that at 5,000 units of output Mesin Trade Sdn. Bhd. will be able to maximize its profits. wwww (b) Using the above full…
Problem 5 Ilang Ilang company manufactures Products A and B from a joint process which also yields a by-product. Ilang ilang accounts for the revenue from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information follows: A B C Total Units produced 15,000 9,000 6,000 30,000 Joint Costs ? ? ? 264,000 Sales Value at Split off 290,000 150,000 10,000 450,000 Joint products are allocated using the relative sales value at split off approach What was the joint cost allocated to Product B?
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