Answer:
The correct option is 1
Explanation:
In Absorption costing, all production costs: direct labor, direct materials, and factory overhead whether fixed or variable are considered products costs.
In variable costing, only direct materials, direct labor and variable factory overhead are considered product costs.
So if units are produced are greater than units sold Absorption cost will be greater than Variable cost and vice versa.
Answer: To meet all consumer needs
Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.
Thus, option D- to meet all consumer needs is the correct choice.
Answer:
price acts as an incentive to consumers and producers. highest (lowest ) prices to obtain consumer to give up more good consumers react to changing price alternative by stopping the quantity of goods demanded
Answer:
HOPE THIS HELPS GOOD LUCK
Explanation:
Station 4, 2,100/month Problem 11-11 The longest process on this "assembly line" will govern the output.
Therefore, the maximum output from this line will be: Output = available time/cycle time = (40 hours per week)*(60 minutes per hour)/1.5 minutes per
