Answer:
Selling price = $301.3
Explanation:
<em>The selling price would be determined by adding the total unit cost to the mark- up.</em>
Mark up is the proportion of cost that is to be earned as profit.
Selling price = Total unit cost + Profit
Profit = 25% × unit cost
Selling price = Unit cost + Mark-up
Selling price = Unit cost + (15%× unit cost)
Total unit cost =Variable cost + unit fixed cost
Total fixed cost = 645,000 + 111,000 = 756,000
Unit fixed cost = $756,000
/10,500 =×72
Total unit cost = 105 + 35 + 50 + 72 = 262
Selling price = 262 + ( 15% + 262) = 301.3
Selling price = $301.3
Answer:
b. Hiring other firms to do the work
Explanation:
Subcontracting is the practice of hiring or outsourcing, part of the obligations , duties and work under a contract to another firm. this firm is known as a subcontractor
Answer:
Because not many members of a household may bring in enough money to sustain them all.
Explanation:
Answer:
Explanation:
When a sales is made on credit, the primary accounts that are affected are the sales accounts and the accounts receivable , with a credit entry of the sales value to the sales account and the same value in the receivable account. We also need to know that the cost of the item is credited to the inventory and debited to the cost of goods respectively.
However , when the sales is returned , the above entry will be reversed and a reversal entry is recorded as below
Credit account receivable - $500
Debit sales return = $500
Debit merchandise inventory $150
Credit cost of goods $150
Answer:
The correct answer is: Keep the production constant.
Explanation:
To begin with, a monopoly is a type of market that is characterized by the existence of just one seller in the industry, that commonly focuses in the sale of an unique product.
To continue, the monopolist will maximize its profits in the point where the marginal revenue equals the marginal cost so therefore that in the case presented the monopolist should keep the production constant and do not decrease or increase it, because that action will make it to loss profits.
In conclusion, the quantity that the monopolist is producing now must keep constant because that quantity maximize the profits.