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Answer:
Relevant cost= $30
Explanation:
Giving the following information:
Direct materials $4
Direct labor 10
Factory overhead 40
Standard cost per unit $54
Fixed cost is 60% of applied factory overhead, and is not affected by any make or buy decision.
<u>The relevant cost in a "make or buy" decision is the cost that can be avoided. Therefore, the fixed manufacturing cost is not relevant.</u>
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Relevant overhead= 40*0.4= $16
Relevant cost= 4 + 10 + 16
Relevant cost= $30
Answer:
Residents (people's) reaction to Incentives
Explanation:
An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.
Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.
Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.
It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.
The correct answer is A) has advantages over commodity-backed money.
Fiat money has advantages over commodity-backed money.
There was a time when money in the United States was backed by gold. Not any more. Fiat money, as the US dollar is backed by the US government, This is the case in other countries, For instance, the European Union's currency, the Euro, is also fiat money. Governments issue fiat money through their central banks and can exert certain kinds of control on it.
