Answer:
The cost per unit for product B is<em> $ 15 per unit</em>
Explanation:
Only Manufacturing Costs are used in Product Costing. Thus to find the Cost Per Unit of Product B, we Prepare a Manufacturing Cost Summary for Product B.
<u>Step 1 Prepare a Manufacturing Cost Summary for Product B</u>
Direct materials $ 15,000
Direct labor $24,000
Overhead costs($24,000/$36,000) × $54,000 $36,000
Total Cost for Product B $75,000
<u>Step 2 Calculate the Cost Per Unit for Product B</u>
Cost Per Unit = Total Cost / Number of Units Produced
= $75,000 / 5,000 units
= $ 15 per unit
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Answer:
option (d) $200.00
Explanation:
Average total cost for 100 pairs = $2.50
Marginal cost for every pair = $10.00
Now,
Total cost = Fixed cost + Variable cost
or
Fixed cost = Total cost - variable cost
or
Fixed cost = (Average total cost × 100) - (Marginal cost × 100)
= ($2.5 × 100) - ($1 × 100)
= $250 - $100
= $150
thus,
Total cost to produce 50 pairs of oven gloves
= fixed cost + variable cost
= $150 + (50 × $1)
= $150 + $50
= $200
Hence,
option (d) $200.00
In San Francisco, there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is influenced by factors such as tastes, price, and location. This market is option (b) i.e, monopolistically competitive.
<h3>
What is monopolistically competitive?</h3>
An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.
Monopolistic competition is characterized by a number of features.
- slight variations in the goods and services,
- Free access to the market and exit
- many businesses
- Profits from incomplete consumer knowledge
Consumer electronics, apparel, restaurants, and hair salons are a few examples of industries with monopolistic competition. Each business delivers goods that are comparable to those of other businesses in the same sector. They can, however, set themselves out through branding and marketing.
To know more about monopolistic competition refer to: brainly.com/question/13686157
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Answer:
=$140
Explanation:
At the beginning of the year, the account had a credit(positive balance of $760)
Previously bad debt that has been reinstated, $120
The new balance will be $760 + $120 = $860
adjusting for the written-off accounts
=$860 - $740
=$140
