Answer:
Check the explanation
Explanation:
In the field of economics, to draw a graph that will show a cost curve of any item will involve the costs of production as a function of the overall quantity that was produced. When there’s a free market economy, productively effective and efficient firms optimize their production procedures by reducing their cost consistent with each potential level of production, thereby resulting into a cost curve.
Kindly check the attached images below to see the full explanation and the graphical presentation of the total cost curve.
Production Nd shipping is my best guess! Since it made a point that they ship all over the world
Hope I helped :) - beanz
Answer:
Sales Revenues 26100
COGS <u> 5655</u>
gross profit 20445
rent expense 1600
depreciation expense 200
operating expense <u>2600</u>
net income 16045
Sales Revenues 26100
Variable Cost <u> 6305 </u>
Contribution margin 19795
rent expense 1600
depreciation expense 200
fixed operating expense<u> 1950 </u>
net income 16045
Explanation:
traditional:
COGS
$12 tub / 30 ice cream cones = $0.40
+ 0.25 ice cream cones
total per unit 0.65
8,700 x 0.65 = 5655
Gross profit: sales revenue less COGS
then, we subtract the rent expense, depreicaiton expense and operatign expenses to get net income.
contribution the variable cost will be subtracted from the sales revenues
that will include the 75% of the operating expenses
The difference between sales revenue and variable cost is called contribution margin.
Answer: $96,500
Explanation:
Manufacturing cost includes all the costs that went into production in a period including direct costs and manufacturing overhead:
= Direct materials + Direct labor + Manufacturing Overhead
Manufacturing overhead = Beginning work in process + Factory overhead - Ending work in process
= 11,200 + 52,600 - 11,800
= $52,000
Manufacturing cost = 19,500 + 25,000 + 52,000
= $96,500
Answer:
a. Misallocation of resources
Explanation:
Misallocation of resources implies that assets are not put to their best, best, or proficient use. The utilization of the term misallocation in financial matters is that market analysts recognize two kinds of efficiencies: productive and allocative. The productive alludes to the (effective) utilization of assets to deliver given merchandise and ventures. The allocative alludes to which merchandise and enterprises ought to be created, and who ought to get the opportunity to devour them. Financial matters are generally worried about allocative thought of productivity.
