Answer:
3. $53,550
Explanation:
Product Cost:
Cost per Unit Cost per Period Direct materials $ 6.60
Direct labor $ 3.85
Variable manufacturing overhead $ 1.50
Fixed manufacturing overhead $ 81,000
Period Costs:
Sales commissions ($0.50 x 9,000 ) $4,500
Variable administrative expense ($0.50 x 9,000 ) $4,500
Fixed selling and administrative expense <u>$44,550</u>
Total Period Cost <u>$53,550</u>
For financial reporting purposes, the total amount of period costs incurred to sell 9,000 units is $53,550.
Answer: Price discrimination.
Explanation:
Price discrimination occurs when a seller sales the same product for different prices to different buyers, in one case the price is less and in another case the price is higher when there is no need for a change in selling price. An example of price discrimination is when a car dealer sells a car at a cheaper price to his friend than he sold the same model of car to another buyer.
Answer:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Explanation:
The journal entry is shown below:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Since sale is made so we debited the cash it increased the assets plus there is service charge expense so the same is also debited as it increased the expenses and at the same time the merchandise is sold so it would be credited as it increased the revenue
Evaluating risks
Once risks are identified you determine the likelihood and consequence of each risk. You develop an understanding of the nature of the risk and its potential to affect project goals and objectives. This information is also input to your Project Risk Register.
Available Option:
a. it is costly to maintain many product lines, and it might weaken the brand's meaning.
b. it is often difficult to get additional marketing communications coverage for the brand.
c. the current economy can only support a limited number of product options.
d. manufacturing divisions usually control brand expansion and are often in conflict with the marketing division.
e. Federal Trade Commission regulations limit the number of products that can be marketed under an individual brand name.
Answer:
Option A. It is costly to maintain many product lines, and it might weaken the brand's meaning.
Explanation:
The reason is that adding brand in the existing highly valued brand names require maintaining the brand's meaning and reputation which results in incurring higher costs in quality management, customer locating, making sales and other costs. The poor feedback of a new product can result in the decline in the trust of previous highly reputed brands which can affect the firm severely so the marketers might avoid such inclusions of brands.