Answer: is realizing an economic profit of $40
Explanation:
The total cost involved in the production will be:
Fixed cost = $100
Variable cost = $3 × 20 = $60
Total cost = $160
The selling price will be:
= $10 × 20
= $200
The economic profit will then be;
= Selling price - Cost price
= $200 - $160
= $40
Answer:
wholesaler
Explanation:
A wholesaler is part of the downstream supply chain. It operates by purchasing large amounts of certain goods and then reselling them to smaller retailers. Wholesalers act as intermediaries between small retailers that are unable to purchase large amounts from manufacturers, but still need to purchase them at a discount price. Generally, wholesalers do not sell directly to the general public, only to other smaller businesses.
Answer:
$31 per hour
Explanation:
The predetermined overhead rate is computed as
= Estimated manufacturing overhead / Estimated direct labor hours
Given that
Estimate manufacturing overhead = $629,300
Estimated direct labor hour = 20,300
Therefore,
Predetermined overhead rate
= $629,300 / 20,300
= $31 per hour
Answer:
The The number of sweatshirts the company would need to sell to earn a target profit of $1,710 is closest to <u>570</u> sweatshirts.
Explanation:
This can be calculated as follows:
Selling price per unit = $15
Total cost price per unit = Average unit cost + Sales commission per unit = $7 + $5 = $12
Profit per unit = Selling price per unit - Total cost price per unit = $15 - $12 = $3
Target profit = $1,710
Number of sweatshirts to sell to earn a target profit = Target profit / Profit per unit = $1,710 / 3 = 570
Answer:
weak
Explanation:
An organization's culture describe the behavior of an organization. It comprised of the beliefs and values that should be shared in the organization
In the case when there is a weak organization culture so here the rules of the organization should be less strictly followed instead of more strictly followed as it is a weak organization structure
Therefore the weak should be the term that should be applied in the current situation
