Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead costs total $6,710,000. its prime costs total:_Prime Cost = direct material cost + Direct Labor cost
= $ 4900000 + $ 8710000
= $ 13610000
A high price is the entire direct price of production, such as uncooked materials and exertions. indirect charges, along with utilities, supervisor salaries, and delivery costs, are not blanketed in top charges. corporations want to calculate the prime value of each product manufactured to ensure they are generating earnings.
Industry averages propose top charges need to be between fifty five% and 60%. Years in the past, that range might have been as high as sixty five%. however as the costs of a lease, coverage, and items have risen, it is grown to be extra vital to hold that percent quite tight within that variety.
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The type of liability that is illustrated in this scenario is known as unlimited liability.
<h3>What is unlimited liability?</h3>
It should be noted that in an unlimited liability company, the general partners are responsible for all the debts and liabilities that are incurred.
In this case, each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt.
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Answer:
Jane's total cost is $60,000.
Explanation:
This is because of the phenomenon called Opportunity Cost.
Simply put, opportunity cost is the cost of the next best alternative use of resources when a choice is made at the detriment of another.
We can also define it by saying, Opportunity Cost is the forgone alternative.
So we know she spent $50,000 to start her business, but would have made 10% of $100,000 which is $10,000 which is the opportunity cost, she has incurred a total cost of $60,000.
Answer:
B) Demand for concert decreases. As a result of the shift, ticket price decreases.
Explanation:
A shift in demand that is as a result of other factors except for price results in a shift of demand. A reduction of price as a result of the financial crises will lead to a shift of demand to the left.
Demand for cinema tickets will reduce at all price level.
Referring to the attached diagram the demand shift will result in lower quantity demanded from Q to Q2.
Also there is a reduction of equillibrum price from P to P2.
