Jordan bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. jordan produces and sells only 7,900 bikes each year. due to the low volume of activity, jordan is unable to obtain the economies of scale that larger producers achieve. for example, jordan could buy the handlebars for $37 each; they cost $40 each to make. the following is a detailed breakdown of current production costs. item unit cost total unit-level costs materials $ 17 $ 134,300 labor 11 86,900 overhead 3 23,700 allocated facility-level costs 9 71,100 total $ 40 $ 316,000 after seeing these figures, jordan’s president remarked that it would be foolish for the company to continue to produce the handlebars at $40 each when it can buy them for $37 each. required: a. calculate the total relevant cost per unit and total.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.

Bruce matthews played football for the tennessee titans. as part of his contract, he agreed to submit any dispute to arbitra- tion. he also agreed that tennessee law would determine all matters related to workers' compensation. after matthews retired, he filed a workers' compensation claim in california. the arbitrator ruled that matthews could pursue his claim in california but only under tennessee law. should this award be set aside?