1.) AB Company has the following production information available for March:

Total materials costs                                                              $147,000

Equivalent number of complete units of materials                  15,000

Total conversion costs                                                           $ 75,000

Equivalent number of complete units of conversion costs      12,000

The total manufacturing cost per unit (rounded to nearest cent) is closest to:

A. $6.25

B. $9.80

C. $16.05

D. $8.22

2.) ABD Company, materials purchases and uses during the first quarter are as follows:

Jan. 11, purchased 500 units at $15.00

Feb. 12, purchased 900 units at $13.00

Mar. 18, purchased 200 units at $16.00

Total amount of materials used during the quarters was 1,400 units. If the company applies the average cost method for its inventory valuation. The ending inventory value is closest to:

A. $2,800

B. $3,000

C. $3,200

D. $2,600

1) Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production.

1. Materials purchased on account $197,600, and factory wages incurred $92500.

2) Materials requisitioned and factory labor used by job:

Job Number Materials Factory Labor

A20 $37,940 $18,100

A21 44,220 24,100

A22 37,200 16,300

A23 41,470 26,600

General factory use 5,270 7,400

= $166,100 $92,500

3. Manufacturing overhead costs incurred on account $50,500.

4. Depreciation of factory equipment $16,650.

5. Depreciation on the company's office building was $14,500.

6. Manufacturing overhead rate is 87% of direct labor cost.

7. Jobs completed during the quarter: A20, A21, and A23.

Prepare entries to record the operations summarized above.

Please answer ALL of the questions below:

1.Under perfect competition without economies of scale, producers are price- (a. makers, b. takers) and the product price is equal to (a. average cost, b. marginal cost, c. marginal revenue). With external economies of scale, producers are price- (a. makers, b. takers) and the product price is equal to (a. average cost, b. marginal cost, c. marginal revenue).

2. All Hondas sold in the US are either imported or produced in Ohio, which is a case of (a. external/ b. internal) economies of scale, while Hollywood is the capital of motion pictures in the US, which is the case of (a. external/ b. internal) economies of scale.

3. Most Scotch whiskey comes from Scotland, while half of the world’s largest aircraft are assembled in Seattle, US. (a. Economies of scale/ b. comparative advantage) is more important in the former case and (a. economies of scale/ b. comparative advantage) is more important in the latter. Hollywood’s cluster location in the US is determined by (a. factor endowments, b. historical accidents), while India’s Bollywood’s cluster location in the world is determined by (a. factor endowments, b. historical accidents).

4. Suppose China and Japan can produce thin-panel PCs and their falling average cost curves are identical. Then, if Japan starts the PC production earlier, China (a. can/ b. cannot) be an exporter of the PCs, and (a. either Japan or China/ b. only Japan/ c. only China/ d. both China and Japan) obtain(s) the benefit of international trade.

4.1 According to the article by Karen Maley, if Australian interest rates are raised, this is likely to push the Australian dollar higher. A likely explanation for this is:

A.  Capital inflows fall and capital outflows rise, implying the demand for the AUD increases and supply of the AUD increases
B.  Capital inflows fall and capital outflows rise, implying the demand for the AUD increases and supply of the AUD decreases
C.  Capital inflows rise and capital outflows fall, implying the demand for the AUD increases and supply of the AUD decreases
D.  Capital inflows rise and capital outflows rise, implying the demand for the AUD increases and supply of the AUD increases

4.6 Suppose that Australian returns on investment fall relative to world returns. What do you expect is most likely to happen in the market for the AUD?

4.7 At present, China is experiencing falling GDP and rising debt levels. How would you expect the Australian dollar to be affected?

A.  It would depreciate

B.  It would appreciate

C.  It would be unaffected

A. According to the Coase theorem, why would a Hobart zinc refinery that is legally allowed to emit pollution agree to reduce its pollution emissions even though it is not in its own private interests? How might transactions costs prevent this?

B. Suppose for every $1 of poppies grown in Tasmania that $0.05 of environmental damage is done from fertiliser entering river systems and other water ways. What type of externality is growing poppies causing? Explain why the social marginal cost of poppies is higher than the private marginal cost. Explain why the environmental damage from growing poppies causes a dead-weight loss. Suggest a market-based policy that will eliminate the dead-weight loss and how it will achieve the socially efficient level of poppies in Tasmania.

C. Suppose 3 kelp harvesters each send 1 boat each week to harvest bull kelp off Granville Harbour. Each boat returns with a harvest worth $1,150. It costs $1000 per boat per week to harvest the bull kelp. Every additional boat beyond 3 that is sent to harvest kelp results in the harvest falling by $50 per boat for all kelp harvesters. Why does an individual kelp harvester have an incentive to add another boat? Why is adding another boat not socially optimal?

D. Why do most economists advocate only using the tax/welfare system to address equity concerns from welfare analysis, rather than altering prices?

ABC Corporation uses a perpetual inventory system. The following transactions affected itsmerchandise inventory during the month of June 2018:June 2 Inventory on hand-1,500 units; cost$4.50 each. 6 Purchased 5,000 units for $5.00 each. 13 .Sold 5,500 units for $10.00 each. 21 Purchased 8,000 units for $5.50 each. 26 Sold 5,000 units for $9.00 each. 30 Inventory on hand-4,000 units. Determine the inventory balance ABC would report in its June 30, 2018, balance sheet and the cost of goods sold it would report in its June 2018 income statement using each of the following cost flow methods: a. First-in, first-out (FIFO)b. Last-in, first-out (LIFO)c. Average cost

can you explain how to do the three methods for me

I NEED 2 PARAGRAPHS RESPOND TO THIS TYPING SO I CAN COPY IT

Managers create budgets from anticipated financial conditions and market expectations for future periods. They calculate revenues and expenses for the specific period being budgeted. Once that period has come, managers compare the actual expenses to the budget numbers and evaluate the department’s performance (Adams, 2017). This is usually done through a variance analysis, which uses the difference between actual performance and budgeted performance to evaluate the performance of individuals and business units (Lanen, 2018, P. 621). It helps to identify and determine the possible causes of the difference (Lanen, 2018, P. 621). It also helps maintain control over a unit’s expenses by monitoring planned versus actual costs (Adams, 2017). A few common variances used in variance analysis are profit, purchase price, labor rate, variable overhead spending, fixed overhead spending, and selling price. Effective variance analysis allows management to understand why fluctuations occur in its business, and what it can do to change the situation. A variance analysis should be performed on variances that are of most concern for the company, especially if it can be rectified. For example, a company’s budget for sales was $12,000, but the actual sales were $9,000, the variance analysis would yield a difference of $3,000. A complete analysis could reveal that the variance was caused by a lost account. The customer purchased $2,600 per month from the company. The account was lost, due to the company’s inconsistent delivers.

            The downside of using variance analysis is that managers usually only receive them once a month, so they rely on other measurements (Adams, 2017). The reasons for the variances are not always located in the accounting records, managers must sort through information to determine the causes of the difference. Lastly, the variance may not produce any useful information.

What is the effect of decreasing the money supply on the interest rate?

Question 1 options:

Question 2 (1 point)

What is the main cost of holding money/cash?

Question 2 options:

Question 3 (1 point)

What should the Federal Reserve do in the bond market to address a recession?

Question 3 options:

Question 4 (1 point)

Which of the following is true about interest rates?

Question 4 options:

Question 5 (1 point)

What is the effect of the Federal Reserve selling bonds in the AD/AS model?

Question 5 options:

Question 6 (1 point)

Suppose that the MPC is 0.75 and the government reduces spending by $20 billion. How much will the aggregate demand curve shift as a result?

Question 6 options:

Question 7 (1 point)

If the government lowers taxes, what will happen in the AD/AS model?

Question 7 options:

Question 8 (1 point)

Which of the following fiscal policies would increase aggregate demand?

Question 8 options:

Question 9 (1 point)

Which of the following is not an automatic stabilizer?

Question 9 options:

Question 10 (1 point)

Which of the following faces a bigger lag in terms of implementation?

Question 10 options:

You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. It earned $5 million in net income during the year but paid $750,000 in dividends to common shareholders. Throughout the year, the firm purchased $5.5 million of property, plant, and equipment — the majority having a useful life of more than 20 years and falling under the alternative depreciation system. You have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $440,000. The purchase price for the represents additions property, plant, and equipment before depreciation. Finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 5% interest rate. What was the firm's end-of-year cash balance? Recreate the firm's cash flow statement to arrive at your answer. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar, if necessary.

$