1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatyana61 [14]
1 year ago
14

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

Business
1 answer:
Schach [20]1 year 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

You might be interested in
Owner contributions and retained earnings are combined in a single capital account on the balance sheets of?
Sergeeva-Olga [200]

Owner contributions and retained earnings are combined in a single capital account on the balance sheets of .proprietorships.

A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or sole proprietorship, is a form of business owned and operated by a single person where there is no legal distinction between owner and business entity. Sole proprietorships do not necessarily work alone and may employ other people.

Examples of sole proprietors include small businesses. B. A one-person art studio, grocery store, or IT consulting service. The moment you start offering goods and services to others, you become a sole proprietorship.

A sole proprietorship is a business owned and controlled by an individual, corporation, or limited liability partnership. The company has no partners. Sole proprietorship legal status can be defined as follows: It is not a legal entity separate from the business owner.

Learn more about proprietorships here

brainly.com/question/375502

#SPJ4

8 0
1 year ago
How do most real estate agents get paid?
Alchen [17]

Answer by JKismyhusbandbae: They get paid due to the amount of houses they sell and how big and worth the house is. Although real estate agents make money through commissions paid directly to brokers when transactions are settled.

8 0
3 years ago
n monopolistic​ competition, each​ firm's markup​ ______ that in perfect​ competition, and the price is​ ______ than in perfect
CaHeK987 [17]

Answer:

The correct answer is option B.

The correct answer is option B.

Explanation:

In a monopolistic market, the markup of each firm is higher than that of a firm in perfect competition. Price is higher as well. The firm in perfect competition is a price taker. The price is determined by the market forces. While, on the other hand, in a monopolistic market the firm is price maker. The price is determined by the interaction of marginal revenue and marginal cost.  

Perfect competition has both productive as well as allocative efficiency. So the output produced in perfect competition is higher.

8 0
3 years ago
An organizational decision maker assesses conditions of certainty, uncertainty, and risk during the process of a. determining th
Alchen [17]

Answer:

b. evaluating alternatives

Explanation:

Decision making process involves identifying a problem, defining the decision criteria, determining the decision type, generating alternatives, evaluating and selecting the best possible alternative,

A problem is defined when a gap exists between actual and desired state. Next step is to identify the organizational criteria upon which decisions would be based.

Third step is to weigh pros and cons of the criteria in light of the situation. Next step is to generate alternatives and options which are available.

In the next step, all the available options are weighed w.r.t organizational criteria, which is the evaluation stage.

The last step is the selection of the most feasible alternative and it's implementation.

4 0
2 years ago
Which of these is an example of a labor law?
tino4ka555 [31]

Answer:

C, minimum-wage requirement

Explanation:

It's the only one having to do with labor

3 0
3 years ago
Read 2 more answers
Other questions:
  • Bubba is a shrimp fisherman who can catch 4,000 pounds of shrimp per year. Bubba is considering hiring his cousin Bobby to work
    5·1 answer
  • What legal action can be taken against a bully in the workplace?
    14·1 answer
  • There are only three stocks in the economy. Stock A has 20 shares outstanding and a price per share of $10. Stock B has 15 share
    14·1 answer
  • Omega Custom Cabinets produces and sells custom bathroom vanities. The firm has determined that if it hires 10 workers, it can p
    8·1 answer
  • When a nation is in autarky and maximizes its living standard, its consumption and production points are a. beneath the producti
    15·1 answer
  • Starfish that reproduce by splitting into pieces are reproducing by what
    8·1 answer
  • Meet a market meaning?
    11·1 answer
  • If net operating income is $34,000, average operating assets are $204,000, and the minimum required rate of return is 15%, what
    11·1 answer
  • A store has two different coupons that customers can use. One coupon gives the customer $15 off their purchase, and the other co
    12·1 answer
  • An Organization pays $65,000 in Social Security taxes for its employees. When payroll liabilities are journalized, how mucus ent
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!