Answer:
Madison Corporation
The contribution margin per composite unit for the current sales mix is:
= $26.
Explanation:
a) Data and Calculations:
Products M N O
Current sales mix 3 1 2
Unit sales price $16 $11 $13
Unit variable costs 10 9 10
Unit contribution $6 $2 $3
Contribution margin per
composite unit $18 $2 $6
= ($6 * 3) ($2 * 1) ($3 * 2)
b) The contribution margin per composite unit is computed as the addition of the contribution margin per composite unit for each product. Each product's contribution margin per composite unit is calculated as the contribution per unit multiplied by the sales mix for each product.
As demand for a specific product goes higher up for prices, consumers (the people who buy things) would be willing to pay more for an item.
Answer:
increase by $10.
Explanation:
The marginal cost of hiring a fourth worker is already $90. This means that any price floor (minimum wage) imposed by the government will not affect this worker or the company because his/her wage was already equal to the new minimum wage.
The firm's profit = marginal revenue product - marginal cost = $100 - $90 = $10.
The difference is called the range
Answer:
50
Explanation:
The Family and Medical Leave Act has a limitation of only 50 or more employees during 20 or more calendar workweeks in the current or preceding year which also includes a joint employer in interest to a covered employer especially for those in the private sector. Public agencies at the local and state level, a public or private elementary or secondary school not considering the number of employees it employs.
Conditions:
Works for a covered employer for about 12 months for at least 1,250 hours with at least 50 employees within 75 miles.