The set of companies a product goes through on the way to the consumer is called

PortaCom manufactures notebook computers and related equipment. PortaCom's product design group developed a prototype for a new

Alchen [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling Price $284 per unit

Administrative Cost $500,000

Advertising Cost $700,000

(a) Units= 18,500

Direct labor= $50

Direct material= $88

Sales= 18,500*284= 5,254,000

Variable costs= (50 + 88)*18,500= (2,553,000)

Contribution margin= 2,701,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 1,501,000

B)Units= 9,500

Direct labor= $51

Direct material= $101

Sales= 9,500*284= 2,698,000

Variable costs= (51 + 101)*9,500= (1,444,000)

Contribution margin= 1,254,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 54,000

7 0

3 years ago

If a firm in a monopolistically competitive market lowers price, then Use letters in alphabetical order to select options

Valentin [98]

Answer: quantity demanded for the good will increase (D)

Explanation:

Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.

In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.

3 0

2 years ago

Read 2 more answers

Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require high

drek231 [11]

Answer:

A. The company paid a higher cost for the direct materials than allowed by the standards.

Explanation:

The following is a logical explanation for this variance:

Since, the standard quantity of raw materials to be used is 22 pounds x 500 units = 11000 pounds. The actual usage is 9500 pounds ony. Hence, variance in direct material price variance can be only due to higher cost of direct material purchased.

7 0

3 years ago

In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to

kondaur [170]

Answer:

As a result of the political unrest in Libya, the supply of oil would fall, As a result the supply curve would shift to the left. This would lead to fall in equilibrium quantity and a rise in price.

The increased demand for oil would shift the demand curve to the right. The equilibrium price and quantity would increase

Taking these two effects together, equilibrium price would rise and there would be an indeterminate effect on equilibrium quantity

Please check the attached image for a graph showing these shifts

b. As a result of the change in supply, supply would increase. This would increase equilibrium quantity and equilibrium price would fall. in addition with the increase in demand for oil, equilibrium quantity would rise and there would be an indeterminate effect on equilibrium quantity

Explanation:

7 0

2 years ago

The __________ is the difference between money flowing into a country from exports, and money leaving the country for imports, p

Anna35 [415]

Answer:

D. balance of trade

Explanation:

Based on the information provided within the question it can be said that the term being described in this scenario is called a balance of trade. like mentioned in the question this term refers to the difference between a nation's exports and it's imports, as well as various other forms of money flow into and outside the nation in question.

6 0

3 years ago