Suppose the demand for cans of soda is given by the function D(p) = Q^D = 120 â p while the supply for cans of soda is S(p) = Q^s = 2p where Q is measured in millions of cans and p in cents. Suppose that the government wants to subsidize health insurance premiums for consumers. It proposes a tax on cans of soda to fund this subsidy. Suppose the tax is 15 cents per can. Required:
a. Calculate the equilibrium price and quantity before the tax is levied. What are CS, PS, and DWL at the equilibrium?
b. Calculate the equilibrium price and quantity after the tax is levied. What are CS, PS, G (government tax revenue), and DWL at the equilibrium?
c. Suppose a new study comes out that says that soda is really bad for you. The government changes their mind and sets the tax rate at 75 cents per can. Redo part (2) with this tax rate.
d. Assume consumers receive all the value of the tax revenue, so their welfare is CS+G. Is a tax of 0, 15, or 75 best for consumers? Explain.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02