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schepotkina [342]
2 years ago
14

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.

Learn more about Standard Cost here:

brainly.com/question/14754704

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Which of the following is true of a person with a high credit score?
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Baldwin has a roe of 0.23 (roe = net income/equity). that means:
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5 0
3 years ago
Television advertisements aired during major sporting events are very expensive. A theory asserting that people buy a product si
Diano4ka-milaya [45]

Answer:

a. enhances the effectiveness of the advertisement.

Explanation:

Television advertisements aired during major sporting events are very expensive. A theory asserting that people buy a product simply because it is advertised would suggest that information on the high cost of advertising enhances the effectiveness of the advertisement.

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7 0
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Breckenridge Ski and Snow Board Rental Co. charges 67 for a one day rental. At that price they average renting 159 sets of appar
yawa3891 [41]

Answer:

Price elasticity of demand = 1.76

Explanation:

<em>Price elasticity of demand (PED) is the degree of responsiveness of demand to a change in price. </em>

<em>Where a percentage change in price produces a more than a proportional change in quantity, we say the product is price elastic. On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is price inelastic </em>

PED is computed as follows:

PED = % change in quantity /% change in Price

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PED = 28.93/16.4179 = 1.762

Price elasticity of demand = 1.76

3 0
3 years ago
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