Answer:
$38,675
Explanation:
sales price per pillow $97.50
total production 2,000 units
total sales 1,750 units
costs:
variable costs $22.10 per unit
fixed manufacturing $13.00 per unit
fixed administrative expenses $19.50 per unit
variable costing assigns only variable costs to inventory and COGS, so the COGS using variable costing = 1,750 units x $22.10 = $38,675
under variable costing, all fixed costs are period costs (fixed manufacturing and fixed administrative).
The answer is: many small business owners invest money into other areas of the business.
Small business usually still struggle in paying all the necessary expense for daily operation. So they cannot afford the marketing strategy that require a lot of capital (such as magazine, billboards, television, etc.). Business start to put more into marketing strategies when it inteded to be a player in a large market.
Answer and explanation:
There are several factors to be considered at the moment of setting the price of a good or service that is going to be offered. Raw materials, production costs per unit, and labor are the most common. However, setting the price based on the competitors seems vague. An organization cannot depend on this matter strictly of another organization since the reasons for getting to the competitors' price is unknown.
Basing the price of a product based on demand and supply could be a good option. It will imply the price level will fluctuate according to market requests. By doing this, companies make sure to keep their expected revenues almost the same regardless of what competitors might be doing.
Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
Learn more about Forgone labour output here:
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