Answer:
Standard unit materials cost per pound=$1.11 per pound
Explanation:
The standard material cost for a standard batch = Total material cost / standard qty (in pounds)
Total material cost = (3,800× $0.46) + (210× 2.80) (84×2.60)=$2554.4
Total standard quantity = 2,300 pounds
Standard unit materials cost per pound =$2554.4/ 2,300 pounds=$1.11 per pounds
standard unit materials cost per pound=$1.11 per pound
Answer:
Accounts Receivable $8,820
To Sales Revenue $8,820
Explanation:
The journal entry to record the sales revenue is shown below:
Accounts receivable A/c Dr $8,820
To Sales revenue A/c $8,820
(Being merchandise sold on credit basis)
For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue
The computation of sales revenue is shown below:
= Sales revenue - discount
= $9,000 - $9,000 × 2%
= $9,000 - $180
= $8,820
This is the answer but the same is not provided in the given options
From the point of view of the consumer, Bertrand oligopoly is <u>undesirable</u> since it leads to an outcome similar to zero.
An oligopoly is a market where there are a small number of firms who realize they are interdependent in their pricing and output policies. In this market, the number of firms are small enough to give each firm some market power.
Bertrand model of oligopoly is a model of competition in which two or more firms produce a homogenous good and compete in prices. However, this competition in prices where the goods are perfect substitutes, ends with the firms selling their goods at marginal costs and thus making zero profits out of it.
Hence, from the point of view of the consumer, Bertrand oligopoly is undesirable.
To learn more about Bertrand oligopoly here:
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Answer:
e. all of the above is the correct answer.
Explanation:
The functions of marketing are to know the customer's demands and to satisfy customer needs.
Universal functions of marketing are
- storing: products are stored in the warehouse until the customers require them.
- Risk-taking: Marketer takes a chance when any new product is launched in the market as there is a chance of both profit and failure.
- selling: promotion of the product is done by advertisements and also by personal sales.
- grading: sorting and grading of the products are done as per their quality.
- transportation: is used to transport the products from the production place to the place for shopping.
- securing market information:Gathering information about customers, competitors, wholesalers that help in making marketing conclusions.
- financing: giving a require cash tp produce, store, sell and transport the products.