Answer:
$12,280,000.
Explanation:
All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.
Direct Material = $4,200,000
Direct labor = $8,080,000
Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000
Overhead costs are not classified as the prime cost because these are indirect costs.
Answer:
Here answer to the first fill in the blank is money paid and answer for the second fill in the blank is overall sacrifice.
Explanation:
Here Eddie has perceived price as money paid for the purchase of his favorite beverage, he is ready to drive 30 miles for this beverage , just because he is saving a dollar on it, so from the Eddie's point view , driving 30 miles to get the beverage is worth it . But as per the most of the customers , Eddie is making an overall sacrifice by driving 30 miles to get the beverage , just because he is saving dollar on it, so from the most customers point of view , driving 30 miles is not worth it and a lot of sacrifice is being made.
Answer:
$114,700
Explanation:
Bad debtsexpense -Write-offs= Change in Allowance balance.
Therefore Bad debts expense =Change in Allowance balance of $83,800 + Write-offs of $30,900= $114,700
The bad debt expense that Dinty report in its first-year income statement is $114,700
.
Answer:
Movie-goers react to an increase in the price of a theater ticket by seeing fewer movies per year.
Explanation:
According to the law of demand, when the price of the goods increases, the demand decreases. At the same time, when the price of the goods decreases, the demand increases. there is an inverse relationship between price and goods. In the above situations, the first situation is the best which demonstrates the law of demand. The reaction of the movie-goers towards the tickets demonstrates the law of demand.
