A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this firm is called <u>a make order firm.</u>
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A firm is a for-profit business, generally formed as a partnership that provides professional services, along with criminal or accounting offerings. The theory of the firm posits that firms exist to maximize profits. The term firm is synonymous with enterprise or organization. firms can operate beneath several distinct structures, including sole proprietorships and corporations.
In income, commerce, and economics, a customer is a recipient of a good, service, product, or idea - obtained from a seller, vendor, or supplier via a monetary transaction or change for money or some other valuable consideration.
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Answer:
d. $73,500
Explanation:
The computation of the estimated total manufacturing overhead for the customizing department is shown below:
= Total fixed manufacturing overhead cost + Variable manufacturing overhead cost
where,
the variable manufacturing overhead cost = Customized Direct labor-hours × Variable manufacturing overhead per direct labor-hour
= 7,000 units × $5
= $35,000
And, the Total fixed manufacturing overhead cost is $38,500
Now put these values to the above formula
So, the answer would be equal to
= $38,500 + ($7,000 hours × $5 per hour)
= $38,500 + $35,000
= $73,500
I would say true because hiring more people would allow more production
Answer:
&175
Explanation:
Breakeven price is the minimum price a product or service must be sold to cover the cost of producing it. Its aim is to ensure that items are not sold at a loss.
In the scenario given ,
Cost of room reservation = $3000
Cost of room / student = $3000/20 = $150
Course materials per student = $25
Total cost of course materials = $25 * 20 =$500
Total cost of training = $3,500
Target attendees = 20
Breakeven price = $3500/20 = $175
Answer:
114
Explanation:
For computing the forecast value for the resulting year, we have to apply the formula which is shown below:
= Actual demand × alpha + forecast demand × ( 1- alpha)
= 90 × 0.2 + 120 × (1 - 0.2)
= 18 + 96
= 114
To compute the forecast value we have to deduct the alpha from the forecast demand and multiply the alpha with the actual demand
