The monthly overhead of the pharmacy is <u>$52,875</u>.
<h3>What is the overhead?</h3>
The overhead refers to the costs or expenses for running a business. These expenses cannot be traced to any product or service unit
They tend to be mostly fixed in nature, though, some may exhibit semi-variable characteristics.
Some of the overhead costs include:
Rent
Utilities
Insurance
Office Supplies
Travel expenses
Salaries and wages
Advertising expenses
Accounting and legal expenses.
<h3>Data and Calculations:</h3>
Monthly sales $278,000
Inventory purchases $186,000
<h3>Overhead costs:</h3>
Salaries and wages $49,000
Utilities $2,000
Insurance $1,200
Maintenance $675
Total overhead = $52,875
Thus, the monthly overhead of the pharmacy is <u>$52,875</u>.
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A C. variable cost <span>cost is a cost whose total amount changes in direct proportion to a change in volume.
If something varies, it means that it changes - and in this case, the cost changes with regards to a change in volume. This means that the cost isn't constant, but rather fluctuates based on other changes too.</span>
Answer: (B) business-to-business
Explanation:
Business to business selling is the process in which a one business selling its products and the services to the another business instead selling the products to the customers.
It basically create some value for the business and it is one of thee most complex selling business as compare to the B2C (Business to consumer).
B2B (Business-to-business) is one of the best technique and practice where the company selling the products to another business company such as wholesaler and office supplier.
Therefore, Option (B) is correct.
Answer:
$3 per unit
Explanation:
In short run a monopolist and competitive firm try to maximize their profit and minimize costs until the the marginal revenue equals to the marginal cost.
In this question the average variable cost is lower than the marginal cost the difference between both is the profit for the short run.
Economic profit = Cost saving
Economic profit = Marginal Cost - Average variable cost
Economic profit = $8 - $5
Economic profit = $3
Answer:
raise
Explanation:
In a market without price control, prices are determined by the forces of demand and supply. When price is below equilibrium price, market forces shift the price upward until equilibrium is reached.
If prices are above equilibrium price, market forces shift prices downward until equilibrium price is reached.
Equilibrium price is the price at which quantity supplied equals quantity demanded.