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worty [1.4K]
3 years ago
13

At its current output level, Pretty Flowers Florist has average fixed costs equal to $5.40 and average variable costs equal to $

3.20. What is Pretty Flowers Florist's average total cost at their current output level?
A. $3.20

B. $7.30

C. $5.40

D. $8.60
Business
2 answers:
lapo4ka [179]3 years ago
3 0

Answer:

The correct option is D: $8.60

Explanation:

Average fixed cost of Pretty Flowers = $5.40

Average variable costs of Pretty Flowers = $3.20

We are asked to calculate the Average total cost of Pretty Flowers at this current level

Hence:

Average total cost Pretty Flowers = Average fixed cost of Pretty Flowers + Average variable costs of Pretty Flowers

If we substitute the value of these variables in the equation, we get:

Average total cost Pretty Flowers = $5.40 + $3.20 = $8.60

loris [4]3 years ago
3 0

Answer:

D. $ 8.60

Explanation:

The question requires the average total cost at the current output level.

This would be the sum of the average variable cost and the average fixed cost at the current output level.

Average variable cost     $ 3.20

Average fixed cost          <u>$ 5.40</u>

Average total cost         $ 8.60

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There are several first mover advantages including:

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-Switching costs: when customers are established with the first brand they are less likely to want to spend the money to switch to a new competitor

5 0
3 years ago
Ian and Harriet divorced in 2017. Their son, Preston, is age 10 and has lived with Ian for the last two years. The divorce decre
Eddi Din [679]

Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.

<h3>What the law on divorce states</h3>

The law on divorce or separation decree states that the noncustodial parent may claim the dependent even when there is no written declaration from the custodial parent.

Other explanation includes:

  • The parent who the child spends the most time with may claim the dependent.
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In conclusion, Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.

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3 0
2 years ago
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In marketing, an item’s utility refers to only how that product is used by the consumer. True False
Inessa05 [86]

Answer:

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Explanation:

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Important of project managemnet
V125BC [204]
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4 0
3 years ago
Beginning inventory 0
Rama09 [41]

Answer:

a) The unit product cost under absorption costing is $51.

b) Income Statement for May:

Sales Revenue           $3,564,000

Cost of goods sold      2,244,000

Gross profit                $1,320,000

Selling and admin.

expenses                      650,000

Net operating income $670,000

Explanation:

a) Data and Calculations:

Beginning inventory 0

Units produced  49,000

Units sold           44,000

Ending inventory 5,000

Selling price per unit $81

Selling and administrative expenses:

Variable per unit $2

Fixed (total) $562,000

Manufacturing costs:

Direct materials cost per unit $18

Direct labor cost per unit         $9

Variable manufacturing

 overhead cost per unit          $4

Total direct costs per unit     $31

Fixed manufacturing overhead cost (total) $980,000

Unit product cost under absorption costing:

Manufacturing costs:

Direct materials cost per unit $18

Direct labor cost per unit         $9

Variable manufacturing

 overhead cost per unit          $4

Total direct costs per unit     $31

Fixed manufacturing

overhead cost (total)           $20 ($980,000/49,000)

Total unit product cost =      $51

Cost of goods manufactured = $2,499,000 ($51 * 49,000)

Cost of goods sold = $2,244,000 ($51 * 44,000)

Selling and administrative expenses = $650,000 ($2 * 44,000 + 562,000)

8 0
3 years ago
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