The cost of producing a good and getting it to the customers is called the ____

So, the think about shoes. The latest and greatest shoes come out. They cost 20 bucks to produce. They

RideAnS [48]

Answer:

Popularity.

Explanation:

Populatiry can infulence the price of an item to make more proffits

4 0

3 years ago

A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and

Greeley [361]

Answer:

Actual overhead cost for the current period is $950,000,

Actual direct labor cost is $600,000.

Applied overhead cost = 150 % $600,000 = $ 900,000

<h2><u> Overhead </u></h2><h3><u>Dr Cr</u></h3>

Actual Applied

$ 950,000 $ 900,000

<u />

Underapplied Overhead $ 50,000

Journal Entry

This method is used mostly as it easy and short

Cost of Good Sold $ 50,000 Dr.

Manufacturing Overhead $ 50,000 Cr.

But actual entry is

Direct LAbor Cost WIP $ 600,000

Actual Overhead $ 900,000

Cost of goods Sold $ 50,000

Manufacturing Overheads 1550,000

7 0

4 years ago

A law passed increasing the minimum wage by 10%.

MatroZZZ [7]

The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.

<h3>What is the impact of minimum wage on goods?</h3>

When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.

The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.

Based on research, an increase in minimum wage raises prices by 4 percent in the economy.

Read more on minimum wage here:brainly.com/question/1461885

6 0

2 years ago

In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.

FrozenT [24]

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

3 0

4 years ago

A resource is ______ if the number of firms that possess it is less than the number of firms required to reach a state of perfec

Savatey [412]

Answer:

Rare

Explanation:

hope this helps :)

5 0

3 years ago

The cost of producing a good and getting it to the customers is called the _____ .