Answer:
Total cost of goods sold per unit is $35,000
Explanation:
Given Data:
cost for decorative pillow =$75.00 per unit
Total sold unit = 1750
Per unit manufacturing cost
we know that Variable Costing includes only manufacturing cost
Therefore, the total cost of goods as per variable costing can be computed as follow
The total cost of goods sold per unit is $35,000
Answer:
Choosing the correct program, using college resources, attending your classes, and doing well in assignments and exams.
Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.
Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.
Answer: True.
Explanation:
A business brand earns a customer's trust gradually with time, by consistency and honesty on the part of the business brand. This customer trust can easily be lost, if the business brand is engaged in even a little scandal or reckless act.
It should be noted that basic objective of a CPA firm is to provide professional services, and this is done by system of quality control.
With the establishment of quality control policies as well as procedure, reasonable assurance can be provided.
<h3>What are objective of a CPA firm?</h3>
The objective of a CPA firm is to be in control of the system and regulate the system activities.
objective of a CPA firm at;
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