Answer: Dividends
Explanation:
What is Product costs ?
The cost incurred to produce a product are referred to as product cost. Direct labor, direct materials, consumable production supplies, and factory overhead all are included in these prices. The cost of the labor necessary to provide a service to a customer can also be considered when calculating product cost. In the latter scenario, all cost involved with a service, such as compensation, payroll taxes, and employee benefits, ought to be included in the product cost.
Since product cost contains the amount of effort that is required by both GAAP and IFRS, it is included in the financial statements. When deciding on short-term production and sale-price strategies, however, managers may alter product costs to eliminate the overhead component.
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Answer:
Break-even points = 265.38
Explanation:
Given:
Fixed cost = $3,450
Variable costs = $12
Selling price = $25
Number of balls sold = 300
Find:
Break even costs
Computation:
Contribution per unit = Sales - Variable costs
Contribution per unit = $25- $12
Contribution per unit = $13
Break-even points = Fixed cost / Contribution per unit
Break-even points = $3,450 /$13
Break-even points = 265.38
The three basic questions in Economics are all of these,except When to produce
Answer:
quantity of product produced in a given period increases, the cost of manufacturing each unit decreases
Explanation:
Economies of scale happens when the average total cost (variable + fixed production costs per unit) decreases as total output increases. This generally takes place because fixed costs are the same for a small number of units produced or a large number of units produced, so the average fixed cost per unit tend to decrease as more units are produced (at least up to certain point). Variable production costs per unit can also decrease as total output increases since materials might be purchased in larger quantities resulting in higher discounts or labor productivity increases.
