Answer:
The 3 represents the percentage of cash discount. It means the cardholder will receive a 3% discount if the bill is paid within 15 days from the billing date.
Answer:
$261.42
Explanation:
economic order quantity (EOQ) = √(2SD/H)
S = cost per order = $31
D = annual demand = 776 x 12 = 9,312
H = holding cost = $9 x 36% = $3.24
EOQ = √[(2 x $31 x 9,312) / $3.24] = √178,192.59 = 422.13 ≈ 422
total ordering and holding costs considering EOQ:
ordering costs = (9,312 / 422) x $31 = $684.06
holding costs = $3.24 x (422/2) = $683.64
total = $1,367.70
current costs:
ordering costs = $31 x 12 = $372
holding costs = $3.24 x (776/2) = $1,257.12
total = $1,629.12
annual savings = $1,629.12 - $1,367.70 = $261.42
Answer:
$46.40 per unit
Explanation:
The computation of the product cost per unit under absorption costing is shown below:
= Direct material per unit + Direct labor per unit + Variable overhead cost per unit + fixed overhead cost per unit
where,
Fixed overhead cost per unit would be
= Fixed overhead ÷ units produced
= $121,600 ÷ 16,000 units
= $7.60
All other items will remain unchanged
Now add these values in the formula above.
Hence, the value would be
= $9.60 + $19.60 + $9.60 + $7.60
= $46.40 per unit.
Consumers determine value of the product on the basis of the opportunity cost to buy the product.
Opportunity cost – in macroeconomic theory, the opportunity cost of one activity is the loss of value or benefit that would be incurred by engaging in that activity, in comparison to engaging in an alternative activity offering better return in value or benefit.
When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.
Therefore the consumers determine value of product on the basis of opportunity cost to buy the product by doing cost benefit analysis.
Learn more about opportunity cost here
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Answer:
D The number of jobs in marketing is on the rise
Explanation:
