Roberts corporation manufactures home cleaning products. one of the products, quickclean, requires 2 pounds of material a and 5 pounds of material b per unit manufactured. material a is purchased from the supplier for $0.30 per pound and material b is purchased for $0.50 per pound. the finished goods inventory on hand at the end of each month should equal 4,000 units plus 25% of the next month's sales. the raw materials inventory on hand at the end of each month (for either material a or material b) should equal 80% of the following month's production needs. the production budget calls for 26,000 units of quickclean to be manufactured in june and 32,000 units of quickclean to be manufactured in july. on may 31 there will be 41,600 pounds of material a and 104,000 pounds of material b in inventory. assume that on january 1 the inventory of quickclean was 8,000 units. expected sales in january are 14,000 units and expected sales in february are 18,000 units. the number of units needed to be produced in january would be:

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.