Answer:
product market
Explanation:
correct answer is product market because In economics, the product market refers to the market for the finished products to corporations and the financial sector.
so working on raw inputs or other intermediate inputs does not prioritize the sale of finished goods.
so it is product market
Answer:
The answer is $250,000
Explanation:
NOTE: The answer to the question is not among the options.
Contribution margin in Cost-Volume-Profit (CVP) is sales minus variable cost.
Sales - $670,000
Total variable expenses $420,000
Therefore in CVP income statement, contribution margin is:
$670,000 - $420,000
= $250,000.
Gross profit is can never be calculated in CVP income statement
Answer:
Over/under allocation= $30,000 overapplied
Explanation:
Giving the following information:
Manufacturing overhead applied $150,000
The actual amount of manufacturing overhead costs 120,000
To calculate the ending balance, we need to determine whether the overhead was under or over applied:
Over/under allocation= real MOH - allocated MOH
Over/under allocation= 120,000 - 150,000= 30,000 overapplied
Sole proprietorship has a single owner while partnerships has two or more owners.
Answer: Limited decision-making is a little more involved than nominal decision-making
Explanation: But it's still not a process that requires in-depth research. Limited decisions are made about mid-cost products, semi-frequent purchases, or purchases from a somewhat familiar brand. ... Product quality.