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3 years ago

LO 2.2Which of the following is not considered a product cost?

Business

1 answer:

Usimov [2.4K]3 years ago

7 0

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

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According to the article, purchases of sugary beverages went down 12% in 53 Mexican cities as a result of a 10% tax. What kind o

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Answer:

B) Demand is price elastic

Explanation:

Elasticity of demand is the degree of responsiveness of demand to a change in price. It measures how much is effected on quantity demaned as a result of a unit change in price.

It is calculated as % change in quantity demanded by % change in price.

PED = % change in Quantity demanded/ % change in price

IF PED is greater than 1, demand is price elasitic

If IF PED is less than 1, demand is price inelasitic

If IF PED is equal to one, it is unitary

If the % change in price produces a more than proportional change in demand , PED is elastic.

In this question , a 10% increase in price as a result of tax produces 12% fall in demand, so PED = 12%/10%= 1.2.

PED is greater 1, Therefore, demand is price elastic

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3 years ago

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2 years ago

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Omni Insurance Company violates a state licensing statute when selling an insurance policy to Petra, in whose state Omni is not

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Answer:

b. enforce the policy or recover the amount of the premiums paid.

Explanation:

Petra being a a member of the class of persons protected by the statute is a big advantage. This translates to lesser or no punishments at all for defaulting the set rules and protocols of insurance in his/her state.

This means Petra can either enforce the law as a top person or recover the amount of premiums paid.

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3 years ago

A primary consideration for a potential franchisee is that the capital required to become a franchisee will likely be:

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3 years ago

HELP ASAP

Vesnalui [34]

The three basic question of economic is

What to produce

How to produce

For whom to produce

Therefore the answer would be

1.How will the goods and service be produced

2.How will the goods and service be produced

3.Who will consume the goods and services

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2 years ago