Because Adults may replace products from children who can buy cheaply.
These levels of price differentiation are also known as individual pricing (tier 1 pricing), product versioning or menu pricing (tier 2 pricing), and group pricing (tier 3 pricing). .
In third-degree price discrimination, different consumer groups charge different prices for the same product. These consumer groups can be identified based on certain characteristics such as age, gender, location and time of use.
Third-class monopoly price discrimination means that monopolists charge different prices for the same product in different markets because the price elasticities of demand differ. Quite common in the market.
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Answer:
bismuth subsalicylate is potentially dangerous to children and adolescents recovering from chicken pox or influenza because theres a risk of Reye's Syndrome.
Explanation:
Reye's Syndrome is a rare condition, if nausea or vomiting is observed after administration of the dose of bismuth subsalicylate, contact your doctor immediately, because these might be the early symptoms of the Reye's syndrome.
Answer:
$429.60 Favorable
Explanation:
Provided information,
Standard Hours for each product = 3 hours
Standard Cost per hour = $14.00
Actual hours used = 198
Actual output = 80 connectors
Standard hours for actual output = 80 
3 = 240 hours
Actual Rate = $14.80 per hour
Direct labor cost variance = Standard Cost - Actual Cost
Standard Cost = Standard hours Standard Rae
= 240 $14 = $3,360
Actual Cost = 198 $14.80 = $2,930.40
Variance = $3,360 - $2,930.40 = $429.60
Since actual cost is less than standard variance is favorable.
$429.60 Favorable
Answer:
Budgeted Direct Labor Cost for the first quarter = $ 18000 +16560 + 21240
= $ 55800
Explanation:
Webster Corporation
Direct Labor Cost Budget
For the First Quarter
January February March
Production Budget 3000 2760 3540
<u>Direct Labor Hours 0.5 0.5 0.5</u>
Direct Labor Hours 1500 1380 1770
<u>Direct Labor Cost $ 12 $ 12 $ 12</u>
<u>Direct Labor Cost $ 18000 16560 21240 </u>
We multiply the required the no. of hours per unit (0.5) to the monthly units to get the total hours required. The total hours for each month are multiplied with the cost per hour to get the total cost for each month.
