Answer:
transaction costs is your answer
Explanation:
Producers, as define in economics, as the person who makes the commodity ready for the market. This are people who manufacture raw materials to make it something that others are demanding or wanted. They are somewhat part of the supply side of the economy.
Answer:
Direct material cost and Direct labor cost.
Explanation:
Manufacturing costs are divided into 2 groups;
- Prime Cost.
- Conversion Cost.
- Prime cost: It includes the costs which are directly related to the manufacturing of the product, i-e Direct material cost and direct labor cost. Direct material cost includes the costs related to the raw material of the product being manufactured. On the other hand, Direct labor cost includes the costs which are related to the labor working on the product, for example, the salary of the labor.
Answer:
The correct answer is $326,300.
Explanation:
According to the scenario, the computation of the given data are as follows:
List price = $300,000
Discount = 2%
So, Price after discount = $300,000 × 98% = $294,000
Sales tax = $15,000
Installation Charges = $5,300
Concrete slab = $12,000
So, we can calculate the Total cost by using following formula:
Total cost = Price after discount + Sales tax + Installation Charges + Concrete slab
= $294,000 + $15,000 + $5,300 + $12,000
= $326,300
