Ey company’s single product sells at a price of $226 per unit. data for its single product for its first year of operations follow. direct materials $ 30 per unit direct labor $ 38 per unit overhead costs variable overhead $ 14 per unit fixed overhead per year $ 456,000 per year selling and administrative expenses variable $ 28 per unit fixed $ 220,000 per year units produced and sold 28,500 units

After copy is written, a menu designer focuses on the of menu items. prices descriptions placement sequence

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.