Answer:
Command
Explanation:
In the command economic model, the government determines the level of economic productions in the country. It decides what will be produced, its quantity, and the cost price. A central authority or the government owns all the factors of production.
The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.
Answer:
Increase in income= $550,000
Explanation:
Giving the following information:
Variable costs per unit:
Manufacturing $60
If a special pricing order is accepted for 5,500 sails at a sales price of $ 160 per unit
Because there is no change in the fixed costs and there are no variable selling and administrative costs, the effect on income will be equal to the change in total contribution margin.
Total contribution margin= number of units* (selling price - unitary variable cost
Total contribution margin change= 5,500* (160 - 60)= $550,000
Increase in income= $550,000
Answer:
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Explanation:
Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.
<h3>What is the budgeted overhead cost?</h3>
This can be found as:
= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost
Solving gives:
= (20 x 600) + 500
= 12,000 + 500
= $12,500
In conclusion, the total overhead cost that would be budgeted is $12,500.
Find out more on budgeted costs at brainly.com/question/25406806.
