Softy, Inc. manufactures teddy bears and dolls. Currently, Softy makes 2,000 teddy bears each month. Each teddy bear uses $2.00 in direct materials and $0.50 in direct labor. Softy uses two activities in manufacturing the teddy bears: Sewing and Processing. The total cost associated with Sewing (for both bears and dolls) is $15,000 a month, allocated on the basis of direct labor hours. The total cost associated with Processing is $10,000 a month, allocated on the basis of batches.

What is the total manufacturing cost for one teddy bear?

A. $2.50

B. $4.50

C. $7.00

D. $8.00

Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from –2 to –3 (i. e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ