Answer
Hi,
The correct answer option is {D} what goods and services should be produced, how and for whom?
Explanation
The three basic questions in economic revolve around the identity of the goods or services to produce, the mean of producing the goods and services and the clients/customers for the goods and services. Resources are the drivers for production which includes land, labor , capital and technology. The fact that resources are scarce, people need to answer the three basic economic questions to be able to fulfill their wants.
Best Wishes!
People with a bachelor's degree<span> make 84% </span>more<span> over a lifetime than high school graduates.</span>
Answer:
37.00%
Explanation:
The computation of the weighted average contribution margin ratio is shown below:
Particulars Sporting Goods Sports Gear Total
Contribution Margin Ratio 30% 50%
Sales Mix - Weights 65% 35%
Weighted Contribution Margin 19.50% 17.50% 37.00%
We simply multiplied the contribution margin ratio with the sales mix weighted so that the weighted contribution margin ratio could come
Answer:
True.
Explanation:
Giving the following information:
Direct labor $1.50 per unit
Direct materials $1.50 per unit
Overhead:
Total variable overhead $900,000
Total fixed overhead $1,200,000
Expected units to be produced 3,000 units
<u>The difference between the absorption and variable costing methods is that the first one allocates the fixed manufacturing overhead to its production cost. </u>
<u></u>
<u>The difference will be:</u>
Unitary fixed overhead= 1,200,000/3,000= $400 per unit
Answer:
=$422,000
Explanation:
As per the contribution margin concept, the contribution margin per unit is equal to the selling price per unit minus variable costs.
Therefore, the total contribution margin is the sales minus variable costs.
The contribution margin for the west will be sales($930,000) minus variable cost($488,000)
=$930 ,000 - $488,000
=$422,000