The pair of items that is most likely to have a negative cross-price elasticity of demand is

Michael's Machine Shop reports the following information for the quarter.

Mandarinka [93]

Answer:

a. $26

b. $23

c. $34

d. $29

e. $21

f. $11

g. $14

h. $11

Explanation:

a. Variable cost per unit.

Variable cost per unit = Variable Manufacturing Costs + Variable Non - Manufacturing Costs

= $12 + $9 + $2 + $3

= $26

b. Variable production cost per unit.

Variable production cost per unit = Variable Manufacturing Cost

= $12 + $9 + $2

= $23

c. Full cost per unit.

Full cost per unit = Manufacturing and Non - Manufacturing (Variable and Fixed)

= $12 + $9 + $2 + $3 + $47,500/23,750 units + $142,500/23,750 units

= $12 + $9 + $2 + $3 + $2 + $6

= $34

d. Full absorption cost per unit.

Full absorption cost per unit = Variable Manufacturing Costs + Fixed Manufacturing Costs

= $12 + $9 + $2 + $6

= $29

e. Prime cost per unit.

Prime cost per unit = Direct Manufacturing Costs'

= $12 + $ 9

= $ 21

f. Conversion cost per unit.

Conversion cost per unit = Direct Labor Costs + Overheads Costs

= $9 + $2

= $11

g. Contribution margin per unit.

Contribution margin per unit = Sales - Variable Costs

= $ 40 - $26

= $ 14

h. Gross margin per unit.

Gross margin per unit = Sales - Full absorption cost per unit

= $40 - $29

= $11

3 0

3 years ago

Keynes believed that Question 8 options: Say's law would hold in a laissez-faire economy. the economy would always be near or on

zloy xaker [14]

Answer:

wages and prices are often inflexible in the downward direction.

Explanation:

John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.

Keynes believed that wages and prices are often inflexible in the downward direction.

In Economics, when there are monetary disturbances and a great level of macroeconomic factors in the economy of a particular country, this usually result in prices of goods and services being sticky.

6 0

3 years ago

when attending a networking event, question 23 options: meet one person and make sure they understand what your business is. tel

Ber [7]

If you attend a networking event, you should focus on the problems you can solve rather than listing the products or services you sell to focus on the problems you can solve rather than listing the products or service that you sell.

Networking is the exchange of information and ideas between people who share common professions or special interests, usually in informal social settings. Networking often starts with common ground.

An example of networking is the exchange and acquisition of information between different departments of the same company in order to share information and solve business problems. An example of a network is connecting an entire computer network to a print server so that each workstation can print documents.

A computer network can also include multiple devices/media that facilitate communication between two different devices. These are called network devices and include routers, switches, hubs, bridges, etc. Network Topology: The layout arrangement of various devices on the network.

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4 0

1 year ago

Effect of transactions on cash flows

kirill115 [55]

Solution :

EFFECT AMOUNT ($)

a. Cash payment $510,000

b. Cash receipt $600,000

c. Cash receipt $72,400

d. Cash payment $825,000

e. Cash payment $30,000

f. Cash receipt $390,000

g. Cash payment $225,000

h. Cash payment $1475000

8 0

3 years ago

Eleven uses performance management for administrative purposes. The administrative purposes focus on issues such as

andrew11 [14]

It focus on issues such as determining who will be getting raises in administrative purposes .

<h3>Administrative purposes </h3>

Administrative purposes means any purpose necessary for the operation and proper functioning of the administrative, educational and medical services carried out by an approved developer in a zone.

Administrative purposes include administrative issues, including the working of the corporations, funding from the State government, disbursement of counsillor funds and shortage of staff, got about two to three times more attention than solid waste management, education and health.

Learn more about administrative purposes here:

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6 0

2 years ago