Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control. What is Wally Company's c

Answer:a. ($35,000)

Explanation:The analysis of the financial outcomes for discontinuing product V860 is shown here:

= Sales Revenue - Variable Costs - Avoidable Fixed Manufacturing Expenses - Avoidable Fixed Selling Expenses

= $150,000 - $72,000 - $30,000 - $13,000

= $35,000

Therefore, the appropriate option is a

Answer:

0.64

Explanation:

The marginal propensity to consume is defined as the proportion of the change in consumption that corresponds to the change in income.

For this example, the adjustment in consumption is:

The adjustment in income is:

Thus, the marginal propensity to consume within this economy is:

The result is 0.64.

Response: d. 30%

Rationale:

Global brands are those businesses that have reached a level of international recognition, allowing them to gain a customer base in numerous countries beyond their origin.

Nevertheless, mere awareness in other nations does not ensure that a company qualifies as a global brand. The organization needs to derive a significant portion of its earnings from international markets, specifically at least 30% of its total revenue.

Response:

A. The USA has a comparative advantage in potato production, which is why it focuses on potatoes.

Analysis:

US 1 ton of potatoes or 0.5 tons of wheat = 2

Ireland 3 tons of potatoes or 2 tons of wheat = 1.5

Result:

closing work in process = $42,700

Explanation:

all materials introduced at the start of the process:

initial work in process = 18,000

units initiated = 160,000

closing work in process = 7,000

equivalent units for materials = 160,000 + 7,000 = 167,000

conversion costs:

initial work in process = 18,000 x 10%, thus 90% added = 16,200

units started and moved out = 160,000 - 7,000 = 153,000 x 100% = 153,000

closing work in process = 7,000 x 40% = 2,800

equivalent units for conversion costs = 16,200 + 153,000 + 2,800 = 172,000

closing work in process = 7,000 units

100% complete for materials = 7,000 x $3.10 = $21,700

40% complete for conversion costs = 2,800 x $7.50 = $21,000

total closing work in process = $42,700