Mountaineer Products manufactures two types of tents: single-wall and double-wall. Selected per unit data related to each type of tent is as follows: Single-wall Double-wall Sales price $250 $375 Direct materials 25 50 Direct labor 20 40 Variable overhead 10 15 Machine hours 2 hours 3 hours Total fixed overhead is $150,000. Most of the manufacturing process is done on specialized machines. For the upcoming year, there are a maximum of 9,000 machine hours available. Management believes there is sufficient demand for 3,000 single-wall and 2,000 double-wall tents each year. In order to maximize profits, how many of each type of tent should be produced

During 2017, sheridan company expected job no. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. sheridan applied overhead based on direct labor cost. actual production required an overhead cost of $260000, $510000 in materials used, and $150000 in labor. all of the goods were completed. what amount was transferred to finished goods?

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

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