Business, 12.03.2020 20:29 Isaiahplater27
The production function for puffed rice is Q = 100 √KL where Q = output of boxes per hour K = number of puffing guns used per hour L = number of workers hired per hour
a. Calculate the Q = 1000 isoquant for this production function and show it on a graph.
b. If K = 10, how many workers are required to produce Q = 1,000? What is the average?
c. Suppose technical progress shifts the production function to Q = 200 √KL. Answer parts product of puffed rice workers? a and b for this new situation.
Answers: 3
Business, 21.06.2019 15:50
Which one of the following is never part of recording the requisition and issuance of raw materials in a job order cost system? debit finished goods inventory debit manufacturing overhead credit raw materials inventory debit work in process
Answers: 2
Business, 22.06.2019 09:50
For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers
Answers: 1
Business, 22.06.2019 20:20
Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900
Answers: 1
Business, 23.06.2019 01:40
During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c
Answers: 3
The production function for puffed rice is Q = 100 √KL where Q = output of boxes per hour K = number...
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