Answer and Explanation:
The computation is shown below:
a. The manufacturing overhead is
= factory utilities + depreciation on factory equipment + indirect factory labor + indirect material + factory manager salary + property tax + factory repairs
= $16,500 + $12,650 + $48,900 + $70,800 + $8,000 + $2,500 + $2,000
= $161,350
b. The product cost is
= Direct material used + direct labor + total manufacturing overhead
= $157,600 + $79,100 + $161,350
= $398,050
c. The period cost is
= Depreciation on delivery truck + sales salaries + repairs to office equipment + advertising + office supplies used
= $3,800 + $48,400 + $1,300 + $23,000 + $4,640
= $81,140
The answer is unemployment rate. It is the share of the labor force that is jobless, conveyed as a percentage. It is a lagging pointer, meaning that it normally rises or falls in the wake of changing economic conditions, rather than expecting them. When the economy is in poor shape and jobs are limited, the unemployment rate can be expected to rise. When the economy is growing at a healthy rate and jobs are relatively plentiful, it can be expected to drop. The official unemployment rate is identified as U3. It describes unemployed people as those who are willing and available to work, and who have actively wanted work within the past four weeks.
The correct option from the given options is "<span>d. incorrect, since profit maximization requires that marginal revenue equals marginal cost but does not require the average total cost to be at any particular level."
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Profit maximization refers to the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit. Neoclassical financial aspects, at present the standard way to deal with microeconomics, as a rule models the firm as maximizing benefit.
Dont think negative, think positive
