Answer:
0.40
Explanation:
The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40
I hope my answer helps you
Answer:
Standard Overhead rate is $1.25 per Direct labor hours
Explanation:
Total variable cost (2000 unit * $2.50) = $5,000
Total fixed cost = <u>$5,000</u>
Estimated Overhead cost = <u>$10,000</u>
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Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours
Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour
Standard Overhead rate = $10,000 / 8,000 hours
Standard Overhead rate = $1.25 per Direct labor hours
Answer:
$180,000.
Explanation:
The Guaranteed direct labor cost to be recognized by the company is the cost of labour incurred directly in the course of production.
From the cost group given, the cost of plant supervisor, corporate executives, and security guards are all indirect cost.
The only direct cost for this company is the assembly-line workers cost at $180,000.
Answer:
should it hold the price constant and meet all the excess demand with an increase in production
Explanation:
to determine if the firm should increase their price or not, we have to determine the elasticity of demand.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. the absolute value of elasticity would be less than one
elasticity of demand = 15% / 10% = 1.5
Demand is elastic. if price is increased, the quantity demanded would fall more than the change in price and total revenue would fall.
The answer is: ask a home inspector to check the house
The inspector's main job is to check various places on the house to determine whether there is a possible hazard or unseen damage within the house. The information that you get from the inspectors could help you determine a fair pricing for the house and help you decide whether the house is suitable for your standard or not.