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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

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hyundai positions itself as an affordable option in the automobile market by offering lower-cost, high quality automobiles with
Lunna [17]

By offering affordable yet high quality cars to its customers, Hyundai is engaging in the positioning approach of <u>a. </u><u>positioning </u><u>based on </u><u>value</u><u>.</u>

When a company uses the value positioning approach, they:

  • Offer high quality products and services
  • Try to capture the loyalty of their customers by offering a better product than others

Hyundai is offering cars that are of a high quality with extended warranties and on top of that, offer impeccable service as well. They are therefore offering their clients, high quality products and services.

We can therefore conclude that Hyundai is using the value based positioning approach.

<em>Find out more at brainly.com/question/14630427.</em>

Options for this question include:

a. positioning based on value

b. positioning based on symbolism

c. positioning against a specific competitor

d. positioning using perceptual mapping

6 0
2 years ago
Select all the items that describe the role of a producer.
lukranit [14]
Based on the options given, the most likely answer to this query are

You want to charge a price that covers variable costs.
You want to charge a price that does not cover fixed costs.

Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
4 0
3 years ago
Read 2 more answers
The federal bureau of investigation adopted the organizational structure of
Lostsunrise [7]
I believe the answer is C. Hope this helped!
6 0
3 years ago
The COM 341 Medical Supplies is in charge of maintaining hospital supplies at UVic Hospital. The lead time for replenishment del
Marysya12 [62]

Answer:

reorder point = 132.67 ≈ 133 units

Explanation:

z score for service level 90% = 1.28

lead time = 6 days

mean demand 60 units for 3 days period, 20 per day

standard deviation of demand = 7 units

reorder point = (20 x 6) + {1.28 + √[(7x7)/3] x √6} = 120 + 12.67 = 132.67 ≈ 133 units

8 0
2 years ago
Jabari is power washing houses for a summer job. for every job, he charges an initial fee plus \$30$30dollar sign, 30 for each h
barxatty [35]

f(t) = 50 + 30t

Step-by-step explanation:

Let,Jabari total fee = f (in dollars) and the time taken per hour = t

Let, the initial fee charged = x dollars.

It is given that, $30 is charged per hour for his work.

As, the total fee charged for 4 hour job is 170.

We get the equation,

Initial fee + 30 × 4 = 170

i.e. x + 120 = 170

i.e. x= 170 - 120

i.e. x = 50

Thus, the initial fee is $50

So, Jabari's total fee is given by,

f(t) = Initial fee + 30 × Fee per hour

i.e. f(t) = 50 + 30t

Hence, the function formula for the given situation is f(t) = 50 + 30t.

What is Function formula ?

function, in mathematics, an expression, rule, or law that defines a relationship between one variable (the independent variable) and another variable (the dependent variable).

If a variable y is so related to a variable x that whenever a numerical value is assigned to x, there is a rule according to which a unique value of y is determined, then y is said to be a function of the independent variable x.

This relationship is commonly symbolized as y = f(x)—which is said “f of x”—and y and x are related such that for every x, there is a unique value of y. That is, f(x) can not have more than one value for the same x. To use the language of set theory, a function relates an element x to an element f(x) in another set. The set of values of x is called the domain of the function, and the set of values of f(x) generated by the values in the domain is called the range of the function.

Learn more about function formula use :

brainly.com/question/20317632

#SPJ4

3 0
1 year ago
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