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3 years ago

How can you determine the cost of something without concidering mearly its monitary value

Business

1 answer:

anastassius [24]3 years ago

5 0

Answer:

We can count the amount of money we need to spend to obtain that thing.

Explanation:

Monetary value is reliant on the currency that we need to exchange in order to a certain product. Currently, this type of value implementation is the one that commonly used by most people in all of our transactions.

For example,

Let's say that you go to Walmart and see a toothbrush with $3 price tags, without any additional discount. This means that the monetary value of that toothbrush is $3. That's it.

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Dave manages a Shoney's restaurant. He is considering staying open later in the evening. For Dave, the variable costs associated

UNO [17]

Answer:

The correct option is C, rent on the restaurant building

Explanation:

The ingredients used in preparing food is variable cost as it varies with the number of plates of food prepared.

Hours worked by cooks determine how much they are paid since the longer they stay the higher the pay,hence it is a variable cost.

The rent on the restaurant building stay the same regardless of opening hours ,hence it is fixed not variable cost.

The energy costs varies with the number of opening hours, it is a variable cost.

The hours worked by servers determine how their take-home would be ,as a result it is a variable cost.

7 0

4 years ago

Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter

snow_lady [41]

I just needed some points to figure things out i don’t do anything else

7 0

3 years ago

The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based

son4ous [18]

Answer:

$81.96 per unit

Explanation:

For computing the selling price using the absorption costing approach we need to do the following calculations which are shown below:

Unit Product Cost = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead

= $26.50 + 15.50 + 3.70 + [$156,71,400 ÷ 97,000 Units]

= $26.50 + 15.50 + $3.70 + $16.20

= $61.90

Now

Selling and administrative expenses is

=$1,540,000 + [97,000 Units × $3.60]

= $1,540,000 + 349,200

= $1,889,200

And,

Markup on absorption cost

= [(Investment × Return on Investment) + Selling and administrative expenses] ÷ (Number of units × unit product cost)

= [($380,000 × 15%) + 1,889,200] / [97,000 × $61.90]

= $19,46,200 ÷ 60,04,300

= 0.3241 or 32.41%

So,

The selling price based on the absorption costing approach

= Unit product cost × (1 + Markup on absorption cost)

= $61.90 per unit × (1 + 0.3241)

= $81.96 per unit

5 0

4 years ago

Maria works as a tutor for $10 an hour and as a waitress for $14 an hour. This month, she worked a combined total of 83 hours at

Katena32 [7]

Answer:

$ (-4t+872)

Explanation:

Earning for 1 hour as a tutor= $10

Earnings for 1 hour as a waitress= $14

Total hours worked in the month combined jobs= 83 hrs

Number of hours worked as a tutor for the month= t

Finding the number of hours worked as a waitress for the month= 83-t hours

Total amount earned that month = amount earned as a tutor+ amount earned as a waitress

Amount earned as a tutor= $10 × t = $10t

Amount earned as a waitress= $14× (83-t)= $ (1162-14t)

Total amount earned combined= $ 10t + $ (1162-14t)

=$ ( 10t-14t +1162)

= $ (-4t+872)

4 0

3 years ago

A farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour

SIZIF [17.4K]

Answer: $Value added by farmer = $1 Value added by miller = $2 Value added by the baker = $3$

GDP contribution is $6.

Explanation: GDP refers to the market value of final goods and services produced withing the national territory of a country.

Using the value added method, we can calculate GDP by summing up the value added at each level of production.

$Value added by farmer = $1 Value added by miller = $3 -$1 = $2 Value added by the baker = $6 - $3 = $3$

$GDP = Value added by the farmer +Value added by the miller + Value added by the baker = $1 + $2 +$3 =$6$

Using the expenditure approach, GDP is the market value of the final good sold to the customer.

GDP = Cost of bread to the engineer = $6

6 0

3 years ago