Answer:
$15
Explanation:
The computation of the estimated variable cost per unit by using high low method is shown below:
Variable cost per unit = (High total cost - low total cost) ÷ (Highest level activity - lowest level activity)
= ($110,000 - $87,500) ÷ (4,000 units - 2,500 units)
= $22,500 ÷ 1,500 units
= $15
By applying the above formula we easily find the estimated variable cost per unit
Answer:
Both April and Wayne
Explanation:
As per common law, principal is a person who designates another person to establish legal relationship with a third party on behalf of him. The person who acts on behalf of the principal is called an agent.
In this case, Steve acts on behalf of April and enter into a contract with Wanda who acts on behalf of Wayne. So, April and Wayne are principals and Steve and Wanda are agents.
Answer:
b. make less amount of money to be received for the investments made today.
Explanation:
Answer:
The correct answer is the last statement.
Explanation:
A monopolistic market has a large number of buyers and sellers. The sellers produce close substitutes. The firms rely on advertising. There is a relatively higher degree of competition and restriction on entry as compared to a perfectly competitive market. The firms are able to maximize profit at the point where marginal cost is equal to marginal benefit.
In a perfectly competitive market, however, there are large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit of the new firms. The profit is maximized at the point where price, marginal revenue, and, average revenue are equal to marginal cost.
Answer:
The answer is: D) total cost of inspection and defectives is minimum.
Explanation:
Inspections and quality controls are part of the Total Quality Management (TQM). TQM works to improve the products and services produced by a company thorough improving internal processes.
The company's outputs (either products or services) are subject to inspections and quality controls. TQM considers that the optimum level of inspection is achieved by reducing to a minimum level the inspection costs and the costs associated with defective units.
