Answer:
Total administrative expense allocated to the Meats department is $ 6,000
Explanation:
Total Administarive Expenses 15000
Total Sales in square Feet 3000
Total Sales in Dollar 152000
Meat Department sales in Square Feet 1200
Addministrative expenses allocated to Meat Department
=15000/3000*1200=6000
Answer:
Contribution margin= $169
Explanation:
<u>First, we need to calculate the total unitary variable cost:</u>
total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense
total unitary variable cost= 38 + 1 + 8 + 4
total unitary variable cost= $51
<u>Now, the contribution margin:</u>
Contribution margin= 220 - 51
Contribution margin= $169
He needs to add %4 more apple juice because %12 - %8 = %4
<u>Explanation</u>:
Even though a <u>monopolist</u> usually controls the market price of the commodity it may not be producing more because a monopolist overall goal is to achieve profit maximization.
However, producing more output would not be in their best interest despite been the market maker because it will decrease the price of the goods in the market due to over supply, leading to lower profit for them.
