When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.
<h3>What is meant by profit?</h3>
Profit is an incentive earned by a company by selling its products at a price higher than the original cost.
From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.
Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.
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A news tale on the bonuses received by means of executives of a financial institution that obtained bailout money from the federal authorities is an example of publicity.
it is gaining public visibility or cognizance for a product, service or your business enterprise through the media. it's miles the publicist that contains out exposure, while PR is the strategic control feature that helps a company speak.
<span>The cost-benefit analysis Isaiah used is part of a systematic approach, a process where business decisions are analysed. In this case, the benefits acquired from using the commercial janitorial and maintenance are summed up, and the costs associated with taking their services are subtracted from it. The outcome of this analysis will help determine Isaiah if the commercial janitorial and maintenance services, inc. is financially beneficial to the company or not.</span>
Answer:
Total Product Costs under absorption costing per unit $ 32.59
Explanation:
Under absorption costing the fixed overheads are included in the product costs. We calculate the total manufacturing costs having fixed overheads and variable overheads and divide it with the number of units to get the product cost per unit.
Expected units to be produced 51,000 units
Direct materials $ 12 * 51,000= $ 612000
Direct labor $ 18 per unit * 51,000= $918000
Overhead
Total variable overhead $ 31,000
Total fixed overhead $ 101,000
Total Manufacturing Costs $1662000
Total Manufacturing Costs per unit = Total Costs/ Total units= $1662000 / 51000= $ 32.59
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