User Account

All Pages

Calculate the explicit opportunity costs

Assignment Help Managerial Accounting
Reference no: EM132860928

Question - During a year of operation, a firm collects $350,000 in revenue andspends $80,000 on labor expense, raw materials, rent, and utilities. The firm's owner has provided $600,000 of her own money instead of investing the money and earning a 10% annual rate of return.

Required - Calculate the explicit opportunity costs of using market-supplied resources; the implicit opportunity costs of using owner-supplied resources; and total economic cost.

Reference no: EM132860928

Questions Cloud

Develop an educational tri-fold health brochure with choice : Develop an educational tri-fold health brochure with their choice of one health disparity. The focus of the brochure is to provide health related information
Why do think that air carriers are so mutually dependent : Why do you think that air carriers are so mutually dependent? How have pricing practices changed since the prederegulation days?
Correct conventions of standard american english : Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
How did the regional carriers get started : Describe the role of the major and national carriers. Identify some of the carriers in each category. How did the regional carriers get started?
Calculate the explicit opportunity costs : Calculate the explicit opportunity costs of using market-supplied resources; the implicit opportunity costs of using owner-supplied resources
We discussed and reviewed network planning : We discussed and reviewed network planning. Describe how you would design a logistics network consisting of only one warehouse.
Board member related to financial reviews : What are critical areas to assess as a board member related to financial reviews?
Thoughts about free trade vs protectionism : 1. What are your thoughts about free trade vs protectionism? Is free trade about free trade, or something else?
Develop disaster recovery plan for organization : Develop disaster recovery plan for an organization. There are many different templates available online for you to use as reference and guidance.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd