Answer:
B is the correct option.
Explanation:
Product costing refers to the cost incurred for creating a product. It includes the materials, labor, factory overhead and consumable production supplies. It can also be defined as the labor cost required for delivering the service and in this case, its cost also includes the costs related to compensation, payroll taxes, and employee benefits. The cost of a product on a unit basis is calculated by adding the cost of total direct labor, materials, consumable supplies and total allocated overhead divided by the total number of units.
The foreign languages are Brazilian and
Answer:
2,845 units
Explanation:
To find the answer you need to consider that the profit is equal to the sales minus the costs.
Let's consider that x is the number of units sold
Sales= Price per unit*number of units sold
Sales= 37x
Variable cost= Cost per unit*number of units sold
Variable cost= 11x
Fixed cost= 18,470
55,498=37x-11x-18,470
55,498+18,470=26x
73,968=26x
x=73,968/26= 2,845
According to this, the answer is that they need to sell 2,845 units to make the desired profit.
Answer:
True
Explanation:
Experiments regarding consumer behavior have shown that consumers usually expect a product to have a certain price that serves as a reference price that they use to determine if a retailer's price is high (more expensive than the reference price) or low (cheaper than the reference price).
It is normal (but unethical) that some retailers increase their prices a little before starting a sales campaign, since a higher reference price will make consumers believe that the offer is even better.
Answer:
annual payment = $2,362.88
Explanation:
we must first calculate the future value of the loan at the end of year 4 = $6,226 x (1 + 11%)⁴ = $9,451.51
using the present value of an annuity formula we can determine the annual payment:
annual payment = present value of an annuity / PV annuity factor
- present value of an annuity = $9,451.51
- PV annuity factor 11%, 4 periods = 3.1024
annual payment = $9,451.51 / 3.1024 = $2,362.88
