Billing.cost.price value . products metrial
activity Data
Answer:
Market price; Equilibrium price
Explanation:
The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. It become hard to reach equilibrium price and quantity when customers infer the quality of a product by its price cos that will inform their purchasing decision.
Answer:
The company paid a lower cost per hour for labor than allowed by the standards.
Explanation:
<em>The labour cost variance is the difference between the standard labour cost allowed for the actual hours worked and the actual labor cost for the same hours</em>
<em>The labour cost variance compares the actual cost and the standard cost for the actual labour hours paid for.</em>
Hence , Poseidon Marine Stores Company would have paid a sum for labour cost which is lower than the standard cost.
The company paid a lower cost per hour for labor than allowed by the standards.
Many people believed that a police department should be formed by the citizens and not controlled by the government.
Solution:
As we need to measure costs due to variable expense, the fixed overhead is not taken into account.
Therefore, expense can be measured as follows per unit:
Cost per unit = Direct labor per unit + Direct material per unit + variable overhead per unit
Cost per unit = 
= 11 +0.6 = $11.6
