Two firms have the following marginal abatement costs: MAC 1 =300-10E1 and MAC 2= 90- 5E 2. What is the cost-effective way to set emission standards such that there is a combined emission level of 30 units only from the two firms?
Q: 1. Information from the records of Stormfall Co. is shown below. Accounts receivable - net of P6,000...
A: Solution Trade receivable are defined as the amount owed to a business by its customers following th...
Q: On January 1, 2021, C Company sold equipment with a carrying amount of 4,800,000. It accepted a noni...
A: Interest income for 2021 = Present value of note x prevailing rate of interest x no. of months in ca...
Q: The average price of gasoline in 2021 was $1.26 per liter. In 2001, the average price was $0.36. Wha...
A: The question is based on the concept of Financial Management.
Q: What are the constitutional limitations on the State's power to tax
A: Constitution of the United States: The Constitution of the United States is the preeminent law of th...
Q: BC INC product is currently produced at 10 materials, 40 labor and 15 overhead. If automation is imp...
A: >Incremental cost is the additional cost that gets incurred if an alternative decision is taken. ...
Q: da Corp. purchased a 12-month insurance policy on March 1, 2017 for $588C expiration of this asset w...
A: Insurance expenses will be recorded at the year end by passing adjustment entry for the expired port...
Q: As You Read QUESTION What could happen if your employer did not deduct federal income taxes from you...
A: Introduction:- A paycheck, also known as a paycheck is a paper document issued by an employer as pay...
Q: How did the Accounts Receivable write-off affect GENERAL MILLS' financial statement? (in millions) A...
A: Account receivables shows the amount which are due from customer. It is shown as an asset of the com...
Q: Problem: The following statement of financial position is presented for the partnership of Maia, Che...
A: Partnership means where two or more person comes together to do some common business activity and ea...
Q: Mangiamele Corporation's Maintenance Department provides services to the company's two operating div...
A: Maintenance Department Cost to be charged to paints division Formula (Budgeted fixed cost * percent...
Q: REQUIREMENTS: 1. How much is the total current assets? 2. How much is the total non current assets? ...
A: Total equity is inclusive of investors money and the surplus held by the company. It can also be com...
Q: "Partners Valerie; Vanessa, Vera and Veronica share profits 50%, 30%, 10% and]O Partners' accounts p...
A: Partnership firm refers to when partners share profit and losses in a firm as decided by them when t...
Q: The selling and administrative expense budget of Ruffing Corporation is based on budgeted unit sales...
A: The cash budget is prepared to record the cash transactions incurred during the period.
Q: Nitro Corporation purchased an 80% interest in Mars Company on January 1, 20X5. The following deter...
A: The equity method records the share of the parent company in net income and dividend of a subsidiary...
Q: Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia uses two types...
A: It is one of the direct labor variance that results due to the difference in mix of direct labor hou...
Q: uary 1, 2020 Wyatt Company issues $800,000 of 6% bonds due in 12 years, with interest payable on Jun...
A: Interest revenue is the earnings of the company made by making the investment of principal amount an...
Q: CC, PP and AA, accountants agree to form a partnership and to share profits in the ratio of 5:3:2. T...
A: Partnership is agreement between two or more parties to share profit and losses in agreed ratio . l...
Q: hile the home
A: Inventory is recorded in income statement and shown as assets in balance sheet also.
Q: A company uses a predetermined manufacturing overhead rate of 80% based on direct labor dollars. Dur...
A: The overhead is applied to the production on the basis of predetermined overhead rate.
Q: 2. Determine the capitalized cost of a structure that requires an initial investment of P1,500,000 a...
A: Capitalized costs are incurred when purchasing fixed assets. A capitalized cost is an expense added ...
Q: n, he receives a meal allowance of $6,000 per week. e) The company also pays his son's school fees f...
A: Tax refers to the mandatory form of charge levied by the government over the income gained by an ent...
Q: Which of the following costs at a manufacturing company would be treated as a product cost under var...
A: The product costs are the costs which are directly related to the production. The variable costing i...
Q: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 ar...
A:
Q: CCC Company purchased a building for S500,000 on January 1, 2016. The building is estimated to have ...
A: Depreciation means fall in the value of assets due to its usage and efflux of time. There are many ...
Q: Operating data for Coronado Corporation are presented as follows. 2022 2021 Net sales $7...
A: Vertical analysis: It is a method of analyzing the financial statement in which each item is shows a...
Q: the pensio d when ame
A: Given: Pension expense for 121,800 Pension expense for 159,600
Q: In recent news, the Bank of England (BOE) announced that it will raise interest rates as inflation i...
A: Inflation: Inflation is the downfall of the buying power of a given currency over the long run. A qu...
Q: nica Company purchased a life insurance policy on vided the following information for 2022: h surren...
A: The value of life insurance policy increases with increase in period of policy and with dividend are...
Q: 17. AAA Inc. produces three products. Production and cost information is as follows: Model Y Model O...
A: Activity based costing means where the product is valued on the basis of actual direct material , di...
Q: Find the compound amount for the deposit and the amount of interest earned. $3000 at 3% compounded a...
A: Compound interest refers to the interest on loan is calculated using initial loan amount and interes...
Q: Prepare any journal entries related to the pension plan that would be needed at December 31, 2020. (...
A: Calculation of pension expense for 2020.
Q: The Howard Sports Company is considering a new production line. The expected economic life of the pr...
A: Brek Even sales is when the present value of cash inflow is equal to the present value of cash outfl...
Q: LMN Company purchased factory equipment for $64,000 on January 1, 2016. The equipment is estimated t...
A: Formula: Straight line method depreciation = ( Asset cost - Salvage value ) / Useful life
Q: ber 30, 2025, the maturity. The c ty.
A: The note receivable is a current asset for the business, which is issued as a promissory note by deb...
Q: Imagine that Mr John takes out a loan for £10,000 to start a new business. The bank credits the £10,...
A: A loan is a form of debt incurred by an individual. The lender usually a Bank who advances a sum of ...
Q: Blue Co. purchased an equipment on March 1, 2015, made a 50% down payment, and the balance will be p...
A: The question is based on the concept of Depreciation Accounting. Depreciation is the decrease on the...
Q: a. Prepare the relevant journal entries in the first year of the lease. b. Prepare the relevant fina...
A: Leasee Magnitude Ltd Term of Lease 3 years Use full life of Plant 7 years Lease Rental ...
Q: What are the principles of a sound tax system? Briefly explain each
A: Introduction:- The tax system is described as a legally controlled system of public relations based ...
Q: ich of the following account will be least likely involved in the purchasing sub-process of the purc...
A: Solution: Purchasing and disbursement cycle is the cycle in which purchasing needs of a business are...
Q: 0 is the total fixed cost. What is the total units to be sold to arrive a profit of 146,000?
A: The units to be sold must cover the fixed cost and earn target profit Therefore Profit = Contributi...
Q: Answer the following questions on the basis of the following three sets of deta for the country of N...
A:
Q: A company uses a predetermined manufacturing overhead rate of 80% based on direct labor dollars. Dur...
A: Formula: Manufacturing overhead applied = Direct labor cost x Overhead rate % on direct labors
Q: If GENERAL MILLS failed to recognize depreciation expenses, how would it impact the financial statem...
A: Depreciation shows the value of fixed assets used in the business during an accounting period. It is...
Q: Numbers 8-10 On January 1, 2021, Cactus Company sold land with carrying amount of P1,500,000 in exch...
A:
Q: ABC Company’s record shows December 31 balance of P2,350,000 for its accounts receivable. The follow...
A: Adjusted balance of accounts receivables is the balance of AR after all the adjustments to be given ...
Q: Which account is to be credited to reinstate an account during a bad debt recovery, using the direct...
A: Bad debt expense is a number of accounts receivable that the company may not recover from the custom...
Q: July 30 Advertising expense was paid by the corporation amounted to P5,000. Aug. 01 At the public au...
A: Subscription of Shares Subscription of shares which was incurred at the time of shares were authoriz...
Q: 4. Wazhing Co. has the following information on December 31, 20d before any year-end adjustments. Ac...
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...
Q: Balance sheet Liabilities (in KD) Assets (in KD) Cash 20000 Accounts payable 80000 100000 Accounts r...
A: Net sales = 900,000 Fixed assets = 1,500,000 - 50,000 = 1,450,000 Fixed assets turnover = ?
Q: Ana, Roro, Reiji, Rnold, Gina and Harold are wondering what form of business they are going to put u...
A: Here Six Owners/ founder want to start business with the contribution of capital in the form of asse...
Two firms have the following marginal abatement costs: MAC 1 =300-10E1 and MAC 2= 90- 5E 2. What is the cost-effective way to set emission standards such that there is a combined emission level of 30 units only from the two firms?
Step by step
Solved in 2 steps
- TYU is choosing between two alternative processes. Process A has a fixed costs of P150,000 and a variable cost of P15 per unit while Process B has a fixed costs of P300,000 and a variable cost of P10 per unit. What is the level of production in units that would make TYU to be indifferent between the two processes?Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity changes within the relevant range, which of the following statements is/are correct? As the cost driver level increases, total fixed cost remains unchanged. As the cost driver level increases, unit fixed cost increases. As the cost driver level decreases, unit variable cost decreases. 1, 2, and 3 are correct. 1 and 2 only are correct. 1 only is correct. 2 and 3 only are correct.Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity changes within the relevant range, which of the following statements is/are correct? I. As the cost driver level increases, total fixed cost remains unchanged. II. As the cost driver level increases, unit fixed cost increases. III. As the cost driver level decreases, unit variable cost decreases. 1. I, II, and III are correct. 2. I and II only are correct. 3. I only is correct. 4. II and III only are correct.
- Can you please explain the statement with an example? Also, check whether my understanding of the example is correct. "If using the same unit fixed costs at different output levels, managers may reach erroneous conclusions. Total fixed costs should be used." My Understanding: For example, if the capacity is 1000 and currently we produce 1000 units and sell it for $20 per unit, variable cost $5 and the fixed cost $10 per unit (within the relevant range); and we have a special order to produce 1200 units for $8 per unit. Should we include additional the Total Fixed Cost of $10000, which is (10*1000) for the range (1001-2000) plus $10000 for the range (0-1000), which means, we will have a total fixed cost of $20000.In linear breakeven analysis, if process A has a variable cost of $45 per unit and process B has a variable cost of $31 per unit, which alternative would be preferred if the breakeven point is 7400 units and production is expected to be 6200 units? (a) Process A (b) Process B (c) Process B if its fixed cost is lower than the fixed cost of Process A (d) Cannot tell; need more informationYou are an industry analyst that specializes in an industry where the market inverse demand is P = 100 - 2Q. The external marginal cost of producing the product is MCExternal = 8Q, and the internal cost is MCInternal = 18Q.Instructions: Enter your responses rounded to the nearest two decimal places.a. What is the socially efficient level of output? unitsb. Given these costs and market demand, how much output would a competitive industry produce? unitsc. Given these costs and market demand, how much output would a monopolist produce? unitsd. Which of the following are actions the government could take to induce firms in this industry to produce the socially efficient level of output.Instructions: For correct answers place a check mark. check all that apply Nonrival consumptionunanswered Pollution taxesunanswered Pollution permitsunanswered
- Miế's average cost per unit is the same at all level of volume. Which of the following is true? a. Mi6 must have only variable costs D. Mi6 must have only fixed costs C Mi6 must have some fixed costs and some variable costs d. Mi6's cost structure cannot be determined from this informationEach of the question below is to be treated independently. Basic CVP Analysis – Using Goal Seek Determine the breakeven point for the Drill/Driver product line. Pittsburgh Tools is considering modifications to the 18v Light production line. Analysis suggests that the modifications could result in $0.65 per unit variable cost reduction and $1,300 per quarter fixed cost increase. Assuming these changes have no impact on volume, determine the price that would be necessary to achieve $0 product line margin? Multiproduct CVP Analysis – Using Solver Assuming the current sales mix reaches the targeted sales mix, determine the breakeven point in sales revenue necessary for the division to achieve $0 divisional operating income (breakeven). Assume the current sales mix reaches the targeted sales mix, determine the sales revenue necessary for the division to achieve $100,000 divisional operating income. See the Excel instructions on the next page Making Copies of a Worksheet Tab Your…Suppose that when the output is 0, the total cost is 40. However, when the firm produces the first unit of output, the total cost is 50. Which of the following statements are true, which are false? The average cost of producing O True O False one unit is 25. The marginal cost of producing True False the first unit is 10. The fixed cost is 40. True False The variable cost of producing O True O False the first unit is 10.
- 1) what is the breakeven selling price per unit for Product A? 2) For product C, assume the selling price cannot change., what variable cost per unit will result in breakeven at 150 units sold? 3) what is the breakeven unit sales for Product F. Do not give answer in imageFor the given cost function C'(x) 10000+400x + x² find: a) The cost at the production level 1300 = b) The average cost at the production level 1300 c) The marginal cost at the production level 1300 d) The production level that will minimize the average cost e) The minimal average costIf Actual sales are OMR 460000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Select one: a. MS=70000 and MS (%)=12.15 b. MS=100000 and MS (%)=15 c. MS=60000 and MS (%)=13.04 d. MS=62000 and MS (%)=13.42