Answer the Following Questions Using the Information Below

question 121

Multiple Choice

Answer the following questions using the information below:
The Laserlight Corporation operates one central plant that has two divisions, the Flashlight Division and the Night Light Division. The following data apply to the coming budget year:
Budgeted costs of operating the plant for 2,000 to 3,000 hours:
Budgeted long-run usage per year:
Assume that practical capacity is used to calculate the allocation rates.
Actual usage for the year by the Flashlight Division was 1,400 hours and by the Night Light Division was 600 hours.
-If a dual-rate cost-allocation method is used, what amount of cost will be allocated to the Night Light Division? Assume budgeted usage is used to allocate fixed operating costs and actual usage is used to allocate variable operating costs.

• A)$375,000
• B)$435,000
• C)$390,000
• D)$450,000

Describe the consequences of price ceilings and floors on market equilibrium and stakeholders.

Analyze the impact of external factors, such as technology improvements and changes in related markets, on supply and demand.

Understand the concept of dynamic pricing and its application in real-world scenarios.

Define key concepts such as quantity demanded, supply curve, and equilibrium price and quantity.

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Definitions:

Techniques

Methods or strategies developed to carry out tasks more efficiently or effectively.

Selecting Text

Selecting text involves highlighting or marking text in a document or application in order to perform operations such as copy, cut, or format.

Paragraph

A specific part of a written document, typically addressing a solitary topic and marked by starting on a new line, being indented, or numbered.

Appearance and Shape

Refers to the visual characteristics and geometric form of objects, typically in design or graphical user interface contexts.