Answer:
Unitary cost= $24
Explanation:
Giving the following information:
Total direct material= $13,116
Direct labor= $22,560
Factory overhead= $16,788
Number of units= 2,186
<u>First, we need to calculate the total cost:</u>
Total cost= 13,116 + 22,560 + 16,788
Total cost= $52,464
<u>Now, the unitary cost:</u>
Unitary cost= total cost / number of units
Unitary cost= 52,464 / 2,186
Unitary cost= $24
Unilever is engaged in market segmentation because its took the overall market and divided it into smaller, similar groups.
<h3>What is
market segmentation?</h3>
A market segmentation refers to breaking down of market into series of segment bases on age, geographic location, occupation for marketing purpose.
In conclusion, the firm is engaged in market segmentation because its took the overall market and divided it into smaller, similar groups.
Read more about <em>Market segmentation</em>
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Answer:
b. The producer who gives up less of other goods to produce Good X has the smaller opportunity cost of producing Good X
Explanation:
<u>The opportunity cost is the cost of the best alternative.</u>
In this case, the producer uses factors (labor, raw materials, capital) to produce good X. His opportunity cost is the goods he would produce instead of good X.
A producer who gives up less of the other goods means his best alternative is lower than one who gives up more.
<em>For example</em>
if a producer can do
10 good X
or 50 of good Y
The opportunity cost for good X is 5 units of Y
if another producer can do
10 good X
or 20 of good Y
The opportunity cost of good X is 2 units of Y
For this second producer, it is more feasible to produce X than the first producer. It renounces to fewer unis of good Y
There are many reasons why a target is not achieved as they are planned:
- Flexibility is hindered by plans.
- Ideas are stifled by plans.
- Planning averts action.
<h3>
What is Planning?</h3>
Idea organization into doable actions is the process of planning. Strategic planning, tactical planning, operational planning, and contingency planning are the four main subcategories of planning. An organization's aims and objectives are determined through the process of strategic planning.
Thus, An organization's aims and objectives are determined through the process of strategic planning. But sometimes planning creates an obstacle while achieving the target because planning averts the action, and planning makes the process rigid.
Learn more about Planning here:
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Answer:
B) 2
Explanation:
Since Sam MacDonald's faces a linear production possibility frontier and can produce 200 pounds of cabbages or 100 pounds of potatoes, then he can produce 2 pounds of cabbage for every pound of potato produced (= 200 pounds / 100 pounds).
For example, if he needed to produce 10 pounds of potatoes, then his opportunity cost would be 20 pounds of cabbages.