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4 years ago

How can producers maximize their profit?

Business

1 answer:

Alina [70]4 years ago

7 0

Answer:

the best possible answer is keep the marginal costs below marginal revenue.

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What examples best demonstrate likely tasks for Distribution and Logistics workers? Check all that apply. Stacy supervises worke

hoa [83]

Answer:

Raisa, Mariah, Calvin

Explanation:

7 0

3 years ago

Read 2 more answers

The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standa

Arlecino [84]

Answer:

Price variance will be $4512.5 ( Unfavorable )

Explanation:

We have given standard material cost per yard = $2

Actual material cost per yard = $2.10

Standard yards per unit = 4.5

And actual yards per unit = 4.75

Units of production = 9500

Total number of actual quantity used = 9500×4.75 = 45125

So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5

So price variance will be $4512.5 ( Unfavorable )

6 0

3 years ago

Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice—White, Fragrant,

const2013 [10]

Contribution format income statement

Contribution margin income statements refer to the statement which shows the amount of contribution arrived after deducting all the expenses that are variable from the total revenue amount. Then, further fixed expenses are deducted from the contribution to get the net profit/loss of the business entity.

break-even point

The Break-Even Point The break-even point (BEP) in economics, business —and specifically cost accounting —is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.

Learn more about break-even point here

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8 0

2 years ago

Morris Company applies overhead at 20% of direct labor costs. Actual overhead costs for the year totaled $380,000, and actual di

Alecsey [184]

Answer:

$20,000 debit balance

Explanation:

Overhead is meant to absorbed at 20% of direct labor costs

absorbed overhead=20%*direct labor costs

direct labor costs is $1,800,000

absorbed overhead as a percentage of labor costs=20%*$1,800,000=$360,000

Balance in factory overhead account=actual overhead-overhead absorbed

actual overhead is $380,000

balance in factory overhead account=$380,000-$360,000=$20,000

The balance in factory overhead account is $20,000 debit balance since the amount absorbed is less than actual,an additional cost of $20,000 needs to be recognized

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3 years ago

Residents of mill river have fond memories of ice skating at a local park. an artist has captured the experience in a drawing an

Alja [10]

He should <span>sell 600 copies of the deluxe version at $100 each</span>

8 0

3 years ago