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4 years ago

Smidt Corporation has provided the following data for its two most recent years of operation:

Business

1 answer:

klio [65]4 years ago

3 0

Answer:

Unitary cost= $33

Explanation:

Giving the following information:

Manufacturing costs:

Variable manufacturing cost per unit produced:

Direct materials $9

Direct labor $5

Variable manufacturing overhead $5

Fixed manufacturing overhead per year $ 140,000

Year 1:

Units produced during the year 10,000

Under absorption costing, the unitary product cost is calculated summing the direct material, direct labor, and total manufacturing overhead:

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed overhead= 140,000/10,000= $14 per unit

Unitary cost= direct material + direct labor + unitary overhead

Unitary cost= 9 + 5 + (5 + 14)= $33

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、HowTotalRevenueChangesWhenPriceChanges？PleaseusetheElasticityandDemand 订curvetoexplainit.

vlabodo [156]

<h3>When you increase price,you increase revenue on units sold.When you increase price,you sell fewer units.</h3>

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<h2>--SirGerick--</h2>

8 0

3 years ago

when perfectly comepetitive firm x sells three units of productz, its marginal revenue is 4.67. when it sells one hundred units,

nadezda [96]

We can estimate that the cost is $4.67. The marginal revenue of perfectly competitive firm x is 4.67 when it sells three units of goods. The marginal revenue is 4.67 when it sells 100 units.

The income gain brought on by the sale of one additional unit of output is known as marginal revenue. The law of diminishing returns dictates that marginal revenue will eventually start to decline as output level firm grows, even though it can remain constant above a given threshold of output. According to economic theory, perfectly competitive businesses continue to produce goods and services until marginal revenue and marginal cost are equal.

We know that, for a perfectly competitive firm, the marginal revenue (MR) is equal to the price (P)

That is, P = MR

A) Output = three units

Here, for a perfectly competitive firm X, when it sells three units of product Z, its marginal revenue (MR) is $4.67.

So, when it sells three units, the price (P) of product Z is = $ 4.67 ( As, for a competitive firm, P = MR )

B) Output = hundred units

Now, for a perfectly competitive firm X, when it sells a hundred units of firm product Z, its marginal revenue (MR) is $4.67.

( As, for a competitive firm, the marginal revenue and price stay the same irrespective of the level of output )

Similarly, when it sells a hundred units of product Z, the price (P) will be = $ 4.67 [ As, P = MR ]

So, we can conclude that the price is: $ 4.67

Learn more about marginal revenue here

brainly.com/question/13383966

#SPJ4

6 0

1 year ago

When a firm sells goods or services on credit, the owner needs to remember that for cash budgeting purposes ________.

miskamm [114]

Answer:

The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds

Explanation:

As in the given question, it is mentioned that the credit sale is made, so the owner would remember the delay between the sale and the actual collection so that he knows the gap between these two.

Moreover, for cash budgeting purposes, it is necessary to remember when the owner received the cash and the date on which credit sale was made.

So, all other options are incorrect because it doesn't make any comparison between these two thing which is important for cash budgeting purposes.

Hence, The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds

4 0

3 years ago

To be eligible for business deductions your business must make a profit in any blank years of a blank -year period

BlackZzzverrR [31]

Is that an question?

6 0

3 years ago

Which of the following is true of a good survey about a particular industry

prohojiy [21]

The answer is: D. it has a broad sample, including people who know nothing about the industry.

Any industry consist of three players. The producers, the consumers, and the regulators. Consumers are the one that made the most purchase for the industry and can influence it, but they tend to know nothing or very little with the industry, which is why such sample is needed.

6 0

3 years ago