Answer:
True
Explanation:
Storage warehouses are used to store items for short periods of time while distribution warehouses are much bigger facilities that are used to gather and redistribute products.
Distribution warehouses are usually very big and can store a lot of products, while storage warehouses are usually a big facility that is divided into smaller units, each smaller unit serves as a storage warehouse. Storage warehouses are used to store more specific items while distribution warehouses can handle different types of goods.
Answer:
1-The four characteristics of the price system are that it is neutral, market driven, flexible, and efficient. It is neutral because prices do not favor the producer or the consumer because the they both make choices that determine the equilibrium price.
2-Why is the price system an efficient allocator of economic resources? Prices are neutral, which means they are equally fair to both consumers and producers. They are flexible which means they can adapt to changing economic conditions. Prices are familiar which means that everyone understands how they work.
3-how do prices serve as signals and incentives to producers to leave a particular market? it showed that when a strong competitor offers similar products for lower prices other producers must also lower their prices. Less efficient companies were driven from the market.
4-demonstrates the effects of competitive pricing because it shows how the company strategically lured customers away from rival producers while still making the highest profit.
Explanation:
:)
This statement on the laws that firms should obey that incudes labor and consumer protection laws is <u>True</u>.
<h3>What Laws should companies follow?</h3>
- Companies should follow all laws in a nation.
- They should especially follow those that relate to them such as labor and consumer protection laws.
The laws of a nation are for everyone in that nation including companies. Unless a law states that companies can be exempted, they are bound by all laws.
In conclusion, this is true.
Find out more on labor laws at brainly.com/question/19832789.
Answer:
(a) $88,000
(b) $166,000
Explanation:
(a) Total direct manufacturing cost per unit:
= Direct materials cost per unit + Direct labor cost per unit
= $ 5.30 + $ 3.50
= $8.80
Total direct manufacturing cost:
= Total direct manufacturing cost per unit × Number of units produced
= $8.80 × 10,000 units
= $88,000
(b) Total amount of indirect manufacturing costs:
= Fixed cost + Variable cost
= $150,000 + (Variable manufacturing overhead per unit × Number of units produced)
= $150,000 + ($1.60 × 10,000)
= $150,000 + $16,000
= $166,000