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3 years ago

The process by which goods, services, or ideas are used and transformed into value is referred to as cost behavior analysis.

1 answer:

7 0

That statement is false
<span>The process by which goods, services, or ideas are used and transformed into value is referred to as: Consumption
In order to do this process, consumption requires people to sacrifice several resources in order for the people to achieve the value, such as time, capital, etc.</span>

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Baldwin's product manager is considering lowering the price of the buzz product by $2.50 and wants to know what the impact will

Liono4ka [1.6K]

<span>Buzz's contribution margin will be 34% if the price is lowered.
</span>
Old Price - 2.5 = 32.5
32.5-(14.36MC+7.09LC) = 11.05
11.05/32.5 =.34
.34 = 34%

3 0

4 years ago

Gordon Company sold 2,000 more units than budgeted of its only product. How will total fixed cost be affected

Aleks04 [339]

Answer: b. Remain constant

Explanation:

Fixed costs as the term implies, do not change depending on the units produced or sold but rather remain constant over the period. If the company sells 2,000 or 5,000 more units, the fixed costs will remain constant.

For instance, if the rent of the selling warehouse is $4,000 per month and the company stores and then sells any number of units, they will still pay $4,000 regardless.

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3 years ago

Best Western International, Inc., a national hotel chain, paid couples to record themselves with a cell phone camera while they

maw [93]

Answer:

1- experiential

Explanation:

Based on the scenario being described it can be said that the observational approach Best Western used is called experiential research. This is a kind of research in which the subjects contribute to the content of the research as well as the creative thinking that helps the researchers draw conclusions from the content. Which is what the subjects are technically doing by filming their entire vacation experience for the research.

3 0

3 years ago

Read 2 more answers

JoPacks sold 500 backpacks in September. Total variable costs were $7,500, total fixed costs were $10,000, and profit was $4,000

aivan3 [116]

Answer:

$18,000

Explanation:

Total revenue - total cost = profit

total cost = variable cost + fixed cost

when 500 units were sold

total revenue - ( $10,000 + $7,500) = $4,000.

revenue = $21,500

to determine profit when 1000 units are sold, we have to determine the price and average variable cost

Price = revenue / total unit sold = $21,500 / 500 = $43

Average variable cost = $7,500 / 500 = $15

For 1000 units sold

revenue = price x units sold = 1000 x $43 = $43,000

total variable cost = $15 x 1000 = $15,000

total cost = $15,000 + $10,000 = $25,000

Profit = $43,000 - $25,000 = $18,000

6 0

3 years ago

Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor

Maru [420]

By using the ceteris paribus assumption, Taylor is holding the

holding all costs of production other than the wage rate constant

not considering retail price of laptop computers

<h3>What is ceteris paribus?</h3>

Ceteris paribus is a Latin phrase used in economics that means all other things being equal in English. It is used when studying the effect of one variable on another variable to mean that other variables that can affect the variable being studied is assumed to not change.

When Taylor is analyzing the effect of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, he is assuming that other factors that would affect the supply of laptops are assumed to be constant.

The other factors that might affect the supply of laptop computers include:

cost of production
retail price of laptops

Here is the complete question:

Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor is __________.

Select the two correct answers below.

Select all that apply:

holding the supply of laptop computers constant

holding all costs of production other than the wage rate constant

holding wage rates constant

not considering retail price of laptop computers

To learn more about ceteris paribus, please check: brainly.com/question/13864080

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7 0

2 years ago