Answer:
Instructios are listed below.
Explanation:
Giving the following information:
Laptops:
Selling price= $1,600
Cost per unit= $800
Sale mix= 40%
Tablets:
Selling price= $850
Cost per unit= $350
Sale mix= 60%
The estimated fixed costs for the current year are $2,498,600
A) Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Weighted average selling price= (1600*0.40) + (850*0.60)= $1,150
Weighted average variable expense= (800*0.40) + (350*0.60)= 530
Break-even point (units)= 2,498,600 / (1150 - 530)= 4,030 units
B) Laptops= 4030*0.40= 1,612 units
Tablets= 4030*0.60= 2,418 units
I agree with the first one cause money is very important u have to use it wisely but you also wanna take it into your own matters it something were to go wrong
<span>“I think you handled the problem in a very clever way.” is the correct sentence
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Answer:
A) The GAAP statement is based on cost function rather than cost behavior.
Explanation:
Income statements that follow GAAP rules categorizes expenses based on their business function: product, selling or administrative.
While cost behavior categorizes costs based on how they influence a company's activities: variable, fixed and mixed. When a manager wants to measure the impact of any decision he/she makes, they need to use this type of categorization. For example, if fixed costs increase, what is the new break even point? If variable costs decrease, how is the marginal cost affected?
If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.
Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.
For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.
Learn more about price inelastic at
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<em>Your question is incomplete. please read below to find the full content.</em>
If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
price inelastic.
quantity demanded.
relative price increase.
change in price.
