Answer:
D. 1
Explanation:
C = 3q
differentiating:
dC/dq = 3
then:
the cost-output elasticity = dC/dq*q/C
= 3*q/3q
= 1
Therefore, The cost-output elasticity for this case is 1.
B. Ordinal is the Equal Employment Opportunity Act which requires employers to classify their employees by gender and national origin
Answer:
Direct costs traced to product = $270,000 + $220,000 = $490,000
Explanation:
Cost that can be traced to specif products are direct costs, both direct material and direct labor cost.
Factory overhead costs are indirect costs that can not be specifically traced back to a product but are associated with the production of a product for an example Water and electricity, Most products need electricity to be produced or Supervision is an example
Answer:
d. $1,080,000
Explanation:
Contribution per unit = Selling price per unit - Variable cost per unit
Contribution per unit = Selling price per unit - ( Direct Materials + Direct Labor + Variable Manufacturing Overhead + Variable Selling )
Contribution per unit = $160 - ($22 + $15+ $12 + $3)
Contribution per unit = $160 - $52
Contribution per unit = $108 per unit
Contribution margin for the next year = $108 per unit * 10,000
Contribution margin for the next year = $1,080,000