4.

Which of the following costs of publishing a book is a fixed cost?

Allisa [31]

Answer:

The correct answer is option d.

Explanation:

The fixed costs incurred in the production process of a good or service is the cost incurred on the fixed factors. These factors cannot be varied in the short run.

Fixed cost does not depend on the level of output. It does not change with the change in the volume of output.

In the given example, the cost incurred on the composition typesetting and jacket design for the book does not change with the volume of output. So these costs are the foxed cost involved in publishing a book.

8 0

3 years ago

Read 2 more answers

Fresh Foods, a large restaurant chain, needed to determine if it would be cheaper to produce 5,000 units of its main food ingred

ICE Princess25 [194]

Answer:

Fresh Foods

Make or Buy Decision:

1. Make the ingredient in-house.

2. Make in-house is more cost effective by $3,000 ($90,000 - 87,000)

3. If 40% of the fixed overhead can be avoided if the ingredient is purchased externally:

Total cost:

To make in-house = $87,000

To buy = $78,000 ($60,000 + $30,000 x 60%)

To buy now becomes more cost effective by $9,000 ($87,000 - 78,000).

Explanation:

a) Management in production companies are always faced with the buy or make decision. For this type of decision making, the appropriate costs to analyze are the differential (incremental) costs. These are costs that make a difference between alternatives.

b) Calculation of cost:

Make Buy

Total Unit

Purchase $60,000

Direct materials $25,000 $5.00

Direct labor 15,000 3.00

Variable manufacturing overhead 7,500 1.50

Variable marketing overhead 9,500 1.90

Fixed plant overhead 30,000 6.00 30,000

Total $87,000 $17.40 $90,000

Total variable costs $57,000 $60,000

6 0

4 years ago

About 20 percent of black farmers managed to make a profit from the sharecropping system by

m_a_m_a [10]

<span>As a result of their wider networks and ability to sabotage crops when it was most beneficial for them, the black farmers which emerged following the Civil War were able to make money sharecropping due to the ability to influence the workflow and yield that would arise.</span>

5 0

4 years ago

On the basis of the information, and assuming trade occurs between the three states, we can expect Multiple Choice Washington to

Goshia [24]

Answer: Washington to exchange apples with Texas and receive money in return.

Explanation:

The picture relating to the question has been attached.

From the question, we are informed that Michigan has surplus autos, and wants lettuce. Texas has surplus lettuce and wants apples. Washington has surplus apples and wants autos.

If trade occurs among the three states, Washington will exchange its apples with Texas since it has surplus apples and Texas also want apples. Of the three states, it is only Washington that has surplus apples so it can exchange with Texas for money.

7 0

4 years ago

The set of skills composed of understanding yourself, managing yourself, and dealing effectively with others is called

Ugo [173]

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8 0

4 years ago