What are the advantages and disadvantages of producing a wide range of products?

Give at least two

MegaRock produces quick setting concrete mix. Production of 207,840 tons was started in April, 195,440 tons were completed. Material costs were $3,152,640 for the month while conversion costs were $594,200.

Based on the Taylor Rule use the following information to calculate the target federal funds rate. Variable Value Target inflation rate: 2 percent Current inflation rate : 10 percent Real equilibrium federal funds rate : 2 percent Output gap: 8

A small business can thrive, even in a bad economy. True False

The Bharu Violin Corporation has the capacity to manufacture and sell 5,000 violins each year but is currently only manufacturing and selling 4,800.

Which of the following are constraints that allow a company to modify generally accepted accounting principles without jeopardizing the usefulness of the financial statements?

What happens to the price and the quantity bought and sold in the market for ice cream if the local dairy farm faces a milk shortage and the newspaper publishes a report on the health benefits of a dairy-free diet

According to the New York Times, during the mortgage crisis real estate brokers had an incentive to steer borrowers to higher-cost loans.

Mark is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360.

During the taking of its physical inventory on December 31, Almond Supplies Company incorrectly counted its inventory as $545,000 instead of the correct amount of $554,000.

When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income?1) Bad debts expense. 2) Decrease in income taxes payable. 3) Depreciation expense.