Neighbors Bicycles needed more bicycle seats. It decided to order gel seats in addition to the traditional seats it had always o

Answer:

The answer is $138,500.

Explanation:

The data provided includes:

WIP beginning = $10,500

WIP ending = $19,000

Cost of goods manufactured = $323,000

Direct material = $115,000

Direct labor = $78,000

We can calculate the total overhead using the formula:

Overheads = Total manufacturing costs - Direct materials - Direct labor

Where Total manufacturing cost = Cost of goods manufactured + Ending WIP - Beginning WIP,

= $323,000 + $19,000 - $10,500

= $331,500

Now, substituting values into the formula:

Overheads = $331,500 - $115,000 - $78,000

= $138,500

Therefore, the calculated overhead amount is $138,500.

Answer:

Comparative advantage

Explanation:

The reason is that Japan incurs a lower opportunity cost in producing cameras compared to the US, which gives Japanese firms an advantage in competition based on production costs rather than efficiency. Japanese cameras dominated the US market easily since the production costs in Japan are significantly lower than in the US. Hence, comparative advantage theory aptly explains this camera trade in international commerce.

Answer: 2, 3, 4, 5

This is the response, just finished the assignment.

Explanation: