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Question 1: Explain whether the following statements are true or false:
a. In the long run a firm might choose to operate a larger plant at less than maximum efficiency rather than a smaller plant at maximum efficiency.
b. Maximum efficiency is achieved when AVC and MC are equal.
c. An improvement in technology will shift the LAC curve upwards.
d. If AVC and price stay the same when there is an increase in fixed costs the BEO will decrease.
e. A firm can have diminishing returns and increasing returns at the same time but not economies and dis economies of scale.
Which will be a fixed cost in a hand sanitizer manufacturing company? Cost of the spray nozzles for each bottle./ Salary of the bottling machine supervisor
In a lean environment, the FIFO and weighted-average methods would produce almost identical product costs. Do you agree with this statement?
Difference between functional based costing and activity based costing. Comment on cost distortions commonly observed in traditional costing systems
Prepare a general journal entry summarizing for the month each of the above categories of transactions. Explanations may be omitted.
Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.)
Which of the following would be an argument for the use of net book value in the computation of operating assets in return on investment calculations?
Each ruler requires 0.25 pounds of resin. The cost of resin is $4.50 per pound. Tall Oak wants to have 20% of the next month's material requirements on hand at the end of the each month.instruction: on columna workpaper ,perpare a direct material pur..
Variable costs for product A are $35; for Z $40. Fixed costs are $418,500. Compute the number of units of Product Z McCoy must sell to break even.
What purpose of Ratio Analysis? List two of the groups of people inside or outside the organization who use it, and state what kind of information each derive
Find What is the return? At the beginning of the year you bought them for $4.25 and during the year a dividend of 21.25 cents per share was paid.
Explain why the new predetermined overhead rate is higher (or lower) than the rate that was originally estimated for the year 2020.
Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even points?
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