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2 years ago

If a company produces many different products, it will develop a standard cost for each type of product. true false

Business

1 answer:

saveliy_v [14]2 years ago

4 0

True. A company will develop a standard cost for each product type if it produces many different products.

The process cost system should be used when manufacturing is efficient and continuous. This system's equivalent units method successfully represents the challenging problem of determining how much work the Work in Process entails.

Process costing explains how to use the concept of equivalent units to assign manufacturing costs to the units produced. Businesses may create and market various goods, or at the very least, multiple versions of the same product. Most of the time, manufactured goods are connected in terms of consumption or production. The firm's output and pricing decisions must consider the relationships between the items when they are related.

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3 years ago

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The type of expenditure gap that's illustrated in Kittyville's economy is a recessionary expenditure.

<h3>What is expenditure gap?</h3>

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In order to correct the gap, the economy hired the economist who suggested that there should be an increase in government spending and decrease in taxation.

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2 years ago

In developing a marketing plan, the section on goals and objectives defines the parameters by which the firm will measure actual

Darina [25.2K]

Answer:

Evaluation and control

Explanation:

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3 years ago

An oil-producing country can sell 7 million barrels of oil a day at a price of $120 per barrel. If each $1 price increase will r

Sunny_sXe [5.5K]

Answer:

what price will maximize the country's revenue

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Explanation:

revenue=price×quantity

The price is 90+x, where x is the change in price, and the quantity is 7,000,000−100,000x

take the derivative of that function.

r(x)=(90+x)(7,000,000−100,000x)=−100,000x2−2,000,000x+630,000,000⇒r′(x)=−200,000x−2,000,000

maximizing price, therefore, is 90+x, and the number of barrels sold is 7,000,000−100,000x.

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3 years ago

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Answer:

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