Answer:
Total Per Unit
Materials $155,200 $96
Direct labor $57,600 $48
Other costs varying with output $34,800 $29
<u>Fixed costs $540,000 $450 </u>
Total costs $747,600 $623
Since South is going to increase its production by 300 more units to be able to sell them to North, that would change the average fixed cost per unit = $540,000 / 1,500 units = $360 per unit.
Therefore the total cost per unit = $96 + $48 + $29 + $360 = $533 (instead of $623).
Since South charges its sales to North a 20% margin, the selling price per unit should = $533 x 120% = $639.60 and the total invoice for the 300 units = $639.60 per unit x 300 units = $191,880
<span>The type of work that
Derrick is engaging on is edgework. The edgework is a work in which a person
takes risk in activities or in his or her line of work. It could be seen in the
scenario above of which Derrick has to go through just to deliver his messages
of which are his tasks in his line of work.</span>
Answer:
The expected value of the car you will buy is $22,000
Explanation:
In the given question, the car values are symmetrically distributed which means that we have to compute the mean between the values that are mentioned in the question.
So, the mean is an average of the numbers, the computation is shown below:
= (Value 1 + value 2) ÷ (number of observations)
= ($20,000 + $24,000) ÷ 2
= $22,000
Answer: Under wax
Before the contract laws were reformed, a contract that was sealed with wax was accorded special status.
This is because the existence of a wax seal on a contract was considered as the first evidence that a contract was made.
The wax seals were affixed impress the importance of contract upon the parties to it.
It was also meant to demonstrate that both the parties to the contract intended to enter into a legally binding transaction.
