The nations of Pearland and Mangoland produce pears and mangos. In Pearland, there are 300,000 hours of labor available in a month, and it takes 2 hours of labor to produce a barrel of pears, and 4 hours of labor to produce a crate of mangos. In Mangoland, there are 700,000 hours of labor available in a month, and it takes 1 hour of labor to produce a barrel of pears and 1 hour of labor to produce a crate of mangos.
1. Which country has an absolute advantage in each good?
2. What is the opportunity cost of a crate of mangos in Mangoland?
3. What is the opportunity cost of a crate of mangos in Pearland?
4. Which country has a comparative advantage in each good?
5. Which country should specialize in each good?
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Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
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The nations of Pearland and Mangoland produce pears and mangos. In Pearland, there are 300,000 hours...
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