A. Pure competition
Pure competition describes a market with a wide range of competing businesses all selling the same product, in this case milk.
Monopolies are a single company running the market, and oligopoly markets have a small number of players who together control the vast majority.
Answer:
Manufacturing cost= $92.5
Explanation:
Giving the following information:
Predetermined overhead rate= $4.2 per machine hour
Job 664:
2.5 machine hours
$26.00 of direct materials
4 hours of direct labor for $14 per hour.
<u>To allocate overhead, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 4.2*2.5= $10.5
<u>Now, the manufacturing cost:</u>
Manufacturing cost= 10.5 + 26 + 4*14
Manufacturing cost= $92.5
Answer:
C) $88,000
Explanation:
period cost: cost which cannot be capitalize through inventory or other assets.
Under variable cost, the fixed cost are treated as period cost.
Fixed costs:
Fixed manufacturing overhead $ 60,000
Fixed selling and administrative expense $ 28,000
Answer to the question is microeconomics.
Microeconomics is a branch of mainstream economics that studies the behavior of persons and corporations in making selections related to the allocation of scarce sources and the interactions amongst these people and firms.
<h3>What is the difference between macroeconomics vs microeconomics?</h3>
Microeconomics has applications in trade, industrial organisation and market structure, labor economics, public finance, and welfare economics. Macroeconomics is the find out about of the selections of countries and governments. The term analyzes whole industries and economics instead than folks or specific companies.
Learn more about microeconomics here;
<h3>
brainly.com/question/8648375</h3><h3 /><h3>#SPJ4</h3>
Values, goals, opportunity cost.
