Answer:
C. Consumer surplus to increase
Explanation:
Sugar is a cost of production. With the cost being lower, costs of production for candy bars are lower. Supply shifts right, extra CS.
Answer:
The total product cost per unit under absorption costing is $15.38 per unit
Explanation:
Absorption costing : Under absorption costing, all costs which is assigned in the production is recorded in this costing method. It includes direct labor cost, direct material cost, variable overhead cost, fixed overhead cost, etc.
The computation of total product cost per unit is shown below:
= Direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit
where,
Direct material and direct labor per unit is given but variable overhead per unit and fixed overhead per unit is not given so first we have to calculate these two cost per unit. The calculation is shown below:
Variable overhead per unit = Total variable overhead cost ÷ expected units to be produced
= $41,400 ÷ 18,000
= $2.3 per unit
Now for Fixed overhead per unit = Total fixed overhead cost ÷ expected units to be produced
= $150,000 ÷ 18,000
=$8.33 per unit
So, total product cost per unit = Direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit
= $1.25 + $3.5 + $2.3 + $8.33
= $15.38 per unit
Hence, the total product cost per unit under absorption costing is $15.38 per unit
Answer:
The primary difference between product markets and factor markets is that:
Product markets are markets related to products, goods, tangible finished items. This is where you'll get your product for sale and where people will buy it.
while
Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills. This is what you'll use (including raw materials) to make your product.
<span>Because the statute penalizes the person committing the crime as well as the employer whose employee committed the crime, Chris can be held liable, and the company that we works for (Watkins) can be held vicariously liable under the statute.</span>
