Answer:
b. , c. , and e.
Explanation:
Based on the items provided within the question it can be said that the items that are not factors of production are 1,000 shares of Amazon.com stock, undiscovered oil in the Atlantic Ocean, and a soda. This is because they are not productive resources that are being used to produce goods and/or services, land, labor, capital, or entrepreneurship like the rest of the items on the list.
Answer:
The answer is: $500,000
Explanation:
In order to allocate overhead cost we will use the overhead cost per part ratio:
Total overhead cost = $2,000,000
Hammers produced = 300,000 x 2 parts per hammer = 600,000 parts
Screwdrivers produced = 600,000 x 3 parts per hammer = 1,800,000 parts
Total parts involved in the production process = 2,400,000 parts
Overhead cost per part = $2,000,000 / 2,400,000 parts = $0.83 per part
Total overhead cost allocated to the production of hammers = 600,000 parts used in hammer production x $0.83 per part = $500,000
The disadvantages of an ERP system when it works in isolation are:
Enterprise Resource Planning (ERP) System refers to a system used by businesses to manage its activities such as manufacturing, supply, services, and other such activities. ERP is a link that connects each and every aspect of an enterprise.
When an ERP system works in isolation, it is difficult for the departments to collect and analyze data and hence affects its functioning.
Also, the organization may face losses as the data required may not be readily available to a department and hence the decisions cannot be taken effectively.
Therefore the correct options are 1 and 2.
Learn more about ERP system here:
Answer:
Option B, 1 & 2
Explanation:
The complete question is-
The disadvantages of a system when it works in isolation are:
1. It becomes difficult to collect and analyse data needed for the functioning of any department.
2. It results in the loss of profits to the organisation that could have been better spent in decision making.
3. Business executive or decision-maker cannot take good decisions with the isolated data.
a. 1 & 3
b. 1 & 2
c. 2 & 3
d. 1
Solution -
An isolation system also has work control system, training and competence, operating procedures and management. This system can work adequately only when these arrangement work adequately and this not possible without integration with the entire system.
It become difficult to collect isolated data, its assessment and making decision regarding the betterment of system.
Hence, Option B is correct
The essence of the question is about competitive markets. This is wrong because the example above is not a competitive market because the entry of goods is not free. And also not all companies can enter this market freely, therefore this market cannot be said to be a competitive market. Because there are only one distributor and no other competitors.
The competitive market refers to a market characterized by a high level of competition. There are a large number of potential buyers and sellers, all of whom are individually powerless to influence market prices.
Learn More
Competitive Market brainly.com/question/933427
Imperfect Competitive Market brainly.com/question/933427
Details
Grade: High School
Subject: Business
Keywords: market, competitive, imperfect
b. It adds up the value of four groups of final goods and services.
c. It adds up the value of business goods and services.
d. It adds up the value of consumer goods and services
The correct answer is B. It adds up the value of our groups of finals goods and services
B: prices of goods
C: distribution of wealth
GSP stands for Gross Doemstic Product. GDP per capita is GDP divided by population.
Many countries use GDP per capita to compare the quality of life in different countries. Correct answer: A
GDP is used as a measure of economic welfare or standard of living in a nation. But because ountries have very different numbers of people, so GDP must be divided by the numebr of people in the country, and that is GDP per capita.
Based on the information given, it should be noted that the variable cost per unit will be $14.
The variable cost per unit will be:
= Direct materials + Direct labor + Variable manufacturing overhead + Sales commission + Variable administrative expenses
= 7 + 4 + 1.5 + 1 + 0.5
= 14
The total amount of variable cost will be:
= 14 × 18000
= $252000
When 22,000 units are produced and sold, the total amount of variable cost will be:
= 22000 × 14 = $308000
The average fixed cost manufacturing cost per unit will be:
= (20000 × 5)/18000
= 5.56
When 22,000 units are produced, the average fixed manufacturing cost per unit produced will be:
= (20000 × 5)/22000
= 4.55
The total amount of fixed manufacturing overhead incurred will be:
= 20000 × 5
= $100000.
Learn more about variablescost on:
Answer:
1) total variable cost per unit $14
2) total variable cost per unit $14
3) total variable cost = $14 x 18,000 = $252,000
4) total variable cost = $14 x 22,000 = $308,000
5) average fixed manufacturing cost = $100,000 / 18,000 units = $5.56 per unit
6) average fixed manufacturing cost = $100,000 / 22,000 units = $4.55 per unit
7) total fixed manufacturing overhead = $100,000
8) total fixed manufacturing overhead = $100,000
Explanation:
The company's variable costs for producing 20,000 units
The company's variable costs for producing 20,000 units