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4 years ago

What strategy did businesses use to decrease cost and increase profits?

1 answer:

5 0

Business used mass production to decrease prices and increase profits because since there was many of one product the prices had to decrease so people could afford the products and if more people buy the products then the businesses will gain more profits from it ( from mass production) .

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g Foxx Company incurs $330000 overhead costs each year in its three main departments, setup ($15000), machining ($225000), and p

Svetlanka [38]

Answer:

Total allocated costs= $79,500

Explanation:

First, we need to calculate the allocation rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

setup= 15,000/40= $375 per setup

machining= 225,000/5,000= $45 per hour

packing= 90,000/500= $180 per order

Now, we can allocate costs to Product A1:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

setup=375*20= 7,500

machining= 45*1,000= 45,000

packing= 180*150= 27,000

Total allocated costs= $79,500

5 0

3 years ago

What information do consumer reporting agencies provide banks and lending businesses for a person's credit history when a person

Musya8 [376]

Employment, produce preference, current and past loans, bankruptcy histroy and debt

3 0

3 years ago

Insourcing incurs an annual fixed cost of $500,000 and a variable cost of $60 per unit. Outsourcing incurs an annual fixed cost

MatroZZZ [7]

Answer:

The indifference point is 6,250 units

Explanation:

First, we need to structure the total cost formulas:

Insourcing:

Total cost= 500,000 + 60*x

x= number of untis

Outsourcing:

Total cost= 750,000 + 20*x

x= number of units

Now, we equal both formulas and isolate x:

500,000 + 60x = 750,000 + 20x

40x = 250,000

x= 6,250

The indifference point is 6,250 units

Prove:

Total cost= 500,000 + 60*6,250= $875,000

Total cost= 750,000 + 20*6,250= $875,000

6 0

3 years ago

Why is it generally safer to travel in the right lane on the freeway?

Helen [10]

It is generally safer to travel in the right lane on the freeway, because faster, more aggressive drivers use the left and center lanes more often. Drivers traveling at slower speeds should use the right lane, as the speed of traffic increases as you move to the left.

3 0

3 years ago

"The time horizon to be used when constructing a portfolio to pay for college expenses for a person who is expected to start col

Karolina [17]

Answer:

15 years

Explanation:

If you are constructing a portfolio to cover the education expenses of your child and you expect that he/she graduates from college in 15 years, then the time horizon of your portfolio should be 15 years since it should cover all the expenses until your child graduates. If you start a little earlier and expect your child to graduate in 20 years, the time horizon will be 20 years, or if you start a little later and expect your child to graduate in 10 year, then the time horizon is 10 years.

7 0

3 years ago