Answer:
Assigned cost= $16,080
Explanation:
Giving the following information:
Wicker baskets are produced in batches of 100 units.
Wooden slat baskets are produced in batches of 50.
Setup is required for each batch. During the most recent accounting period, the company made 8,000 wicker baskets and 2,000 wooden slat baskets. Setup costs amounted to $24,000 for the baskets produced during the period.
First, we need to determine the number of batches.
Wicker= 8000/100= 80 batches
Wooden= 2000/50= 40 batches
Proportion of batches= 80/120= 0.67
Assigned cost= 24000*0.67= $16,080
Answer: I believe it’s D.
Explanation: as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases
Get a good night sleep and if you don't pass keep trying and don't ever give up
Answer:
The correct answer is option C.
Explanation:
The fixed costs are the cost that does not vary with the level of output. It does not vary with the level of activity. The total fixed cost remains constant in the entire production process.
The fixed cost per unit is the ratio of total fixed cost and level of output. It decreases as the output level increases and rises with a decline in activity.
The variable cost is the cost that is incurred on the variable inputs used in the production process. It directly varies with the volume of activity. The total variable cost will increase with the increase of output as more variable inputs are employed.
The variable cost per unit is the cost incurred on each unit of output. It does not change with the level of activity unless there is a change in input prices.
