Answer:
$28,000
Explanation:
The cost per unit, under absorption costing is given by the total producing cost divided by the number of units produced.
Cost = Units x (Direct materials + Direct labor) + Variable and Fixed overhead
The cost per unit is:
The value of inventory is given by the remaining units in inventory multiplied by the cost per unit
The value of inventory, under absorption costing, is $28,000.
It would be because of Non selling activities
Just place the points where it says to
Answer:
C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result
Explanation:
Price floor is the least amount a good or service can be sold. A price floor is usually set above equilibrium price.
When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.
As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.
I hope my answer helps you.
