Add up all the numbers and divide it by the amount of numbers there are. For example, the average of 2, 4, and 1 would be 2+4+1= 6, then 6/3 because there are 3 numbers.
To solve this question, we need to do a substitution formula on both equations
Burger + Fries = $ 2.20
Burger - Fries = $ 2.00
________________________ -
2 Fries = $ 0.20
Fries = $ 0.1
Answer:
A. A change in the price of good X.
Explanation:
A demand curve plots price against quantity demanded. A change in price causes a movement along the demand curve according to the law of demand which says an increase in price leads to a reduction in quantity demanded and a fall in price leads to a rise in quantity demanded.
If the price of a complementary good increases, the demand for good x would fall and the demand curve would shift leftwards.
If income increases, and good x is a normal good, the demand curve would shift to the right.
If a change in taste and preference is in favour for good x, more of good x would be demanded and the demand curve would shift to the right.
I hope my answer helps.
Answer:
Mercer Asbestos should define the Cost Drivers first before introducing the Activity Based Costing System, cost drivers actually help the compnay to measure the cost per unit based on the contribution / impact of eac activity that had direct relation with the cost.
Explanation:
Estimator should define the cost drivers such as labor, factory overhead indicators and which has impact on the performance activity of both routine and non routine works.
Possible cost drivers for the below activities can be;
- Removal of asbestos insulation around heating pipes in older homes. Likely cost drivers can be ( Direct Labor Hours Involved in the activity, Other indirect manpower hours dedicated for the activity)
- Removal of asbestos-contaminated ceiling plaster in industrial buildings. Likely cost drivers can be ( Total covered area where contaminated ceiling plaster is present, Supervisors and other manpower involved in the activity).
Once the drivers have been defined cost/unit based on ABC system will help the decision makers such as Cost Planners to quote the accurate selling price to cover the profit margin.
Answer:
Option (a) : 505,400 units
Explanation:
As per the data given in the question,
Budget sale units = 531,000
Ending inventory of finished goods = 66,200
Beginning inventory of finished goods = 91,800
Budgeted production unit = 531,000 + 66200 - 91,800
= 505,400
So, The number of units it would have to manufacture during the year is 505,400 units.
Hence, option (a) is correct answer.
