Answer:
Correct answer is (C) The price and output of plumbing services will rise
Explanation:
In a monopolistic market if the service or commodity is initially in long-run equilibrium, and then there is an increase in demand, then, there will increase in price in a short run as people demands more and the provider of the service or the producer of the goods will tend to provide or produce more.
Answer:
Price= $85263,6
Explanation:
We need to calculate the price paid by the City of Hamptonville for playground equipment.
We know the following information:
Direct material= $13000
Direct labor= 160hours*$22hour= $3520
Manufacturing overhead: it is assigned on labor hours.
We need to calculate the value of manufacturing overhead.
Labor hours presupuested= $41800/$22hour= 1900hours
$/hour of manufacturing overhead= $627000/1900hours= $330
<u>Manufacturing overhead Job 309= 330*160hours= $52800</u>
Manufacturing cost Job 309= direct material + direct labor + Manufacturing overhead= 13000 + 3520 + 52800= $69320
Price=69320*1.23= $85263,6
house remodeling- this job takes an artistic person to be able to envision how to make a home look better and what all it would take to insert their vision in the home they are remodeling
The retailer was asking the designers to agree to <u>Exclusive distribution</u>.
<u>Explanation:</u>
Exclusive distribution is characterized as the arrangement under which a participant is a supplier and provider. It specifies that the seller can not offer their service or item to some other group. It attaches the contract that the commodity must be distributed to an exclusive seller. The retailer asks developers for exclusive supply as per the situation specified in the discussion. Retailer does not want the jewelry design to be sold to any other outlet or retailer for successful sale. Thus agreement on this matter is suggested by the retailer.
Answer:
$6,150
Explanation:
Calculation to determine what The total profit on units sold for the consignor is
Total profit=[ (20)×($820 - $320 )] - (20 × $820)(.05) - $1,710 - $570 - $750
Total profit=(20*$500)-($16,400*.05)-$1,710-$570-750
Total profit=$10,000-$820-$1,710-$570-750
Total profit=$6,150
Therefore The total profit on units sold for the consignor is $6,150