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tatyana61 [14]
2 years ago
14

To determine a product selling price based on the total cost method, management should include?

Business
1 answer:
Schach [20]2 years ago
8 0

If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is the total cost method?</h3>

The actual cost of performance is generally subtracted from the bid price before profit is added to the resultant sum in the total cost approach.

A production income statement is what the total cost method is. In other words, the units of measurement generated are utilized to accrue income and expenses. The units of measure produced during the reviewed period are used to calculate income and expenses.

When employing the whole cost method, the business accounts for all expenses associated with manufacturing the questioned well. The price of the entire product is included.

The final step is to add a markup to the overall cost in order to determine a selling price that will allow for the anticipated level of profit.

To learn more about the total cost method refer to:

brainly.com/question/6480601.

#SPJ4

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Restore Construction Company enters into a contract to remodel Sam’s Home Store, agreeing to use only products from United Build
BlackZzzverrR [31]

Answer:

Sam’s Home Store can enforce the contract against Restore Construction Company

Explanation:

In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.

6 0
3 years ago
A building was purchased for $66,500. The asset has an expected useful life of eight years and depreciation expense each year is
Sidana [21]

Answer:

$34,500

Explanation:

Depreciation is the systematic allocation of the cost of an asset to p/l based on its estimated useful life.

Assets are initially recorded at cost be carried subsequently at the net book value which is the cost less residual or salvage value then divided by the estimated useful life. Mathematically, using the straight line method,

Depreciation = (cost - residual value)/useful life

let the residual value ( which is the estimated value obtainable from the disposal of the asset at the end of its estimated useful life) be p

4000 = (66500 - p)/8

32000 = 66500 - p

p = 66500 - 32000

= $34,500

4 0
4 years ago
Unscramble the vocabulary word from chapter 12: tubdeg
vredina [299]

Answer: budget

Explanation:

6 0
3 years ago
Content analysis is:
Bas_tet [7]

Option 5

Content analysis is: the systematic procedure of taking individual responses and grouping them into larger theme categories or patterns.

<h3><u>Explanation:</u></h3>

Content analysis is the well-organized investigation of the content of a manuscript quantitatively or qualitatively.  Content analysis is a analysis procedure practiced to produce replicable and accurate conclusions by evaluating and coding textual element.

A simplistic model of content analysis is sentiment analysis – a routine handled to seize people’s view or approach to an thing, or aspect. Content analysis is valuable in organizational inquiry because it enables researchers to improve and measure the distinctions of organizational practices,societal biases.

8 0
3 years ago
Since nominal wages were constant as the price level changed, you explain that a decrease in the price level leads to an _______
Wittaler [7]

Answer:

increase in real wages, hiring less workers

Explanation:

In the case when the nominal wages are remain same but at the same time the level of the price should changed so if there is an decrease in the level of the price so that means there is an increased in the real wages as it is an inverse relationship between the real wages and the price level due to this the firm could hired less workers as the wages are increased

6 0
3 years ago
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