If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.
<h3>What is the total cost method?</h3>
The actual cost of performance is generally subtracted from the bid price before profit is added to the resultant sum in the total cost approach.
A production income statement is what the total cost method is. In other words, the units of measurement generated are utilized to accrue income and expenses. The units of measure produced during the reviewed period are used to calculate income and expenses.
When employing the whole cost method, the business accounts for all expenses associated with manufacturing the questioned well. The price of the entire product is included.
The final step is to add a markup to the overall cost in order to determine a selling price that will allow for the anticipated level of profit.
To learn more about the total cost method refer to:
brainly.com/question/6480601.
#SPJ4
If a monopolist or a perfectly competitive firm is producing at break-even point then they're basically equaling their average revenue to the average total cost - ii.
This basically means that they are operating at a level where the amount which they produce relates to the amount they spend.
Answer:
The correct answer is "Continue producing 1000 units"
Explanation:
(In a perfect market)
When the price is = marginal cost. This means that if you increase your production, the benefits-profits will be the same as if you produce the same quantity.
When the Price > Marginal cost, means that consumers demand more for that good, so the producer has an incentive to increase the supply
When the Price < Marginal cost, means that production is higher than the consumer's demand. This is an incentive to decrease the supply.
For this case, the best option is to continue producing the same quantity of units, 1000 units
Answer:
Delegating skills
Explanation:
Delegation is a managerial skill that would allow the supervisor get results, manage time, develop the people working under her as subordinates, building their morale in the process, and achieving greater success for the health management information department.
It involves assigning duties or tasks to be completed by others even though she still maintains responsibility. Delegating tasks can make subordinates more creative
Answer:
Genshin Impact is 2.1 billion only for play store
Fate of grand order 3 billion now it's over 4 billion at the date of 2020
