Answer:
$8
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
Consumer surplus = willingness to pay - price
The consumer surplus of the 10th scarf :
Willingness to pay for the 10th scarf - price of the scarf
Willingness to pay for the 10th scarf = $200 / 10 = $20
Consumer surplus = $20 - $12 = $8
I hope my answer helps you
Answer:
<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>
Explanation:
When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.
Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.
The fixed overhead is charged using a predetermined overhead absorption rate.
Answer:
b
Explanation:
bcoz they want to motivate the employees to
Answer:
True
Explanation:
Newspapers are classified as convenience goods. Convenience products are things buyers purchase regularly and effectively without placing a lot of thought into them. These incorporate papers, magazines and etc. Since buyers have a decent feeling of how a lot of these things cost, they don't consider their value except if it falls outside their desires.
Answer:
a. estimated total manufacturing overhead cost in the numerator.
Explanation:
The formula to compute the pre-determined overhead rate is shown below;
As we know that
Pre-determined overhead rate is
= Estimated total manufacturing overhead cost ÷ estimated activity level
Here estimated activity level can be estimated direct labor hours, estimated machine hours etc
Therefore the option a is correct
