Answer:
price,product, promotion,place
Answer:
The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units is closest to $11.40
Explanation:
It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units
From Production of 10500 units to 10501 units, there is an increment of 1 unit.
<u>Lets find the incremental cost of 1 unit.</u>
1.To do this we only consider variable manufacturing costs only.
2.Since increase is within the relevant range, the fixed manufacturing overheads do not change.
3.Also Ignore all non- manufacturing overhead as they do not form part of manufacturing costs.
Extra 1 Unit
Direct materials $6.70
Direct labor $3.50
Variable manufacturing overhead $1.20
Total Cost $11.40
Answer: Option (a) is correct.
Explanation:
Correct Option: Panel data.
Panel data is a combination of cross sectional data and time series data. Panel data is mostly used for the regression analysis. In this type of data, one can observe multiple instances or scenarios at more than one time frame.
The information provided by this type of data can be categorized into parts:
(i) Cross-sectional Information
(ii) Time series Information
Answer:
The variable cost per bat is $10.15
Explanation:
The total cost can be calculated by multiplying the average cost per unit by the number of units. At the production level of 8000 units at $13 per unit, the total cost will be,
Total cost = 13 * 8000 = $104000
The total cost is made up of both fixed and variable costs.
Total variable costs = Total costs - total fixed costs
Total variable costs = 104000 - 22800 = $81200
The variable cost per unit = 81200 / 8000 = $10.15 per unit
Answer:
Typical of a cross section of the population
Explanation:
Each state in the U.S have state legislators who are elected by the citizens of the states who are eligible to vote therefore most state legislators are a typical cross section of the population in the state that they are serving as a legislator in the state legislative arm of Government.
The state legislature helps in approving the budget, initiating impeachment processes and also deliberate issues brought to it by the Governor. the legislature initiates tax legislation in the states hence one can say the most state legislators represents the cross section of the population.
