The media mix is the combination of media used and the frequency of advertising in each medium.
Answer:
Total period cost under variable costing $60,000
Explanation:
The computation of the total period cost under variable costing is shown below:
Variable selling and administrative expenses (880 units × $15) $13,200
Add: Fixed selling and administrative expenses $21,120
Add: Fixed manufacturing overhead $25,680
Total period cost under variable costing $60,000
Answer:
D.
Explanation:
A rent ceiling is a government regulation that makes it illegal to charge a rent higher than a specified level. Meaning that the landlord of a building cannot charge a rent amount higher than the maximum price set forth by the rent ceiling. Landlords that violate this law are usually fined by the government as a consequence.
Answer: Positioning strategy
Explanation: In simple words it refers to a marketing strategy under which an organisation tries to spotlight specific areas of operations and qualities in the eyes of customers that they have better in comparison to their competitors.
In the given case, The food brewery is offering its product in a different way than the other participants and is trying their best to highlight that quality.
Thus, we can conclude that they are using positioning strategy.
Answer:
<em>b. $ 90,000.</em>
Explanation:
Net realizable value(Market value) for apparel=Selling price minus associated selling expenses e.g sales commission.
Market value for Apparel= $ 120,000-(120,000*10%)
=$ 120,000-12,00
Market value for Apparel =$108,000
Apparel cost=$90,000
The lower of the above costs is $90,000.
Lower of cost or market is one of approaches of valuing and reporting inventory. Ending inventory is usually stated at historical cost. When original cost of the ending inventory is greater than the net realizable value, meaning that the inventory has lost value. The inventory has decreased in value below historical cost, then its carrying value is reduced and reported on the balance sheet. The method for reporting this is called current market value.
