Vandelay Industries is a designer and manufacturer of tiny houses. At this stage they manufacture two models. The Sam Malone and The Crane for which the following information is available: PER UNIT The Sam Malone The Crane Direct Materials 650 480 Direct Labor ($20/hr) 1,200 800 Variable OH ($10/mhr) 1,250 1,000 Fixed OH 750 800 Total Prod Cost per Unit 3,850 3,080 Sales Price per Unit $5,200 $4,000 Additional Information: Vandelay pays their direct labor employees on average $20 per hour. Variable Overhead is allocated to units by machine hours, with a predetermined overhead rate of $10 per hour. Vandelay's plant has a capacity for 1,000,000 labor hours (DLH). The company has received order requests for 15,000 units of the Sam Malone and 18,000 units of the Crane. The controller is analyzing the situation to determine how many Sam Malone and Crane style houses Vandelay should produce.

Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.