) Outdoor Life manufactures snowboards. The cost of making 2,000 sets of bindings last month was as follows: Direct materials $18,000 Direct Labor 3,000 Variable overhead 3,000 Fixed Overhead 8,000 Total Manufacturing Cost $32,000 Cost per set $16 An outside supplier has offered to supply outdoor Life with the bindings for $14 each including shipping costs to its facility. If Outdoor Life accepts the offer it will be able to avoid $3,000 of fixed overhead. In addition if the offer is accepted Outdoor Life will be able to use the freed up facilities to produce another product that will contribute $3,500 to profit per month. Including the opportunity cost, how much will Outdoor Life save each month by accepting the offer from the outside supplier instead of making the bindings if they will need 2,500 sets of bindings next month

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.