The selling price is $11.20. Here's how it is calculated:
The cost is $8.00
The 40% markup is calculated at $8.00 times 0.4 = $3.20.
So the selling price is the sum of $8.00 and $3.20 = $11.20.
Answer:
Other flavors of ice cream are good substitutes for this particular flavor.
Explanation:
The other flavor of ice creams is the truly good substitution of Chocolate chips, in the ice cream industry there is a lot of flavors that substitute Chocolate chips So, the Demand for chocolate chips are elastic.
If there is a substitute for any commodity we can say that the other commodity demand is elastic.
Answer: Acquisitional Shopping
Explanation:
Acquisitional Shopping: At the point when a consumer base their purchasing exercises on a particular expectation or reason, the person is encountering Acquisitonal shopping. But in this kind of shopping action mostly emphasize utilitarian value of the item. Sometimes this sort of shopping cannot be entirely enjoyable in light of the fact that the purchaser may think it is more as a task, for example purchasing printer ink, topping off the gas, grab some groceries.
Answer:
Usage variance=$750
Explanation:
<em>A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite </em>
<em> Pounds</em>
7,800 units should have used ( 7,800× 3) 23,400
but did use <u>23,100</u>
Usage variance 300
× standard price <u>$2.50</u><u> </u>
Usage variance <u> $750</u> favorable
Usage variance =$750
