Answer:
D, floor that is binding
Explanation:
floor that is binding means that the government sets a required price that is at prive above equilibrium
The amount that the company is willing to pay is $12.50.
<h3>What is
CM per pounds?</h3>
CM per pounds means the Contribution margin per pounds that we will calculate below.
Particulars Amount
Selling price $125
Less: Variable cost
Material $40
Labor $22.5
Variable cost <u>$12.5</u>
CM per unit $50
Divide: Pounds used <u>$4</u>
CM per pound <u>$12.5</u>
In conclusion, the amount that the company is willing to pay is $12.50.
Read more about Contribution margin
<em>brainly.com/question/15684424</em>
I just answered this to get a point sorry ☺
Answer:
The cost recorded for the equipment=$66,500
Explanation:
When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;
T=P+A
where;
T=total cost
P=purchase cost
A=additional costs(transportation cost+sales tax+installation cost)
In our case;
T=unknown
P=$60,000
A=(1,000+3,000+2,500)=$6,500
replacing;
T=60,000+6,500=66,500
The total cost=$66,500
The cost recorded for the equipment=$66,500
