Answer:
A. are dependent upon the costs of a firm's inputs
Explanation:
Isocosts are lines showing the various combinations of inputs which costs the same total amount. That is, all inputs combinations with similar cost. It indicates a combination of inputs that an organization or firm can buy or rent at a given cost/price. The isocosts are simply dependent upon the cost of the firm's input, that is to say, the cost of inputs determines the various combination possible. Isocost becomes very important when analyzing a firm's or producer's behavior.
Answer:
c. cost-leadership strategy
Explanation:
Contour Autos tend to decrease the price of the product and that the quality served of the product is acceptable and not degraded. In this manner as against the normal industry the company supplies same quality goods at lower prices.
This decreases the cost for consumers and therefore, it is termed as Cost-Leadership strategy.
The Company tends to lead in the market through lower cost of goods supplied with the same quality.
it is derived from the government’s Police Power According to United States constitutional law, the police power is the ability of the states to control conduct and uphold law and order on their soil for the benefit of their citizens' general welfare, safety, morals, and general well-being.
<u>What </u><u>elements </u><u>make up </u><u>police power?</u>
- The use of police authority has historically entailed the ability to
- (1) advance public health, morality, or safety, as well as the community's overall well-being;
- (2) create and enforce laws to advance the common welfare; and
- (3) restrict private rights in the public interest.
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Answer:
a) True
Explanation:
Sales = Opening + Production - Closing
$200,000 = $22,000 + Production - $24,000
Production = 202,000 Units
Hence, the answer is a. True
Answer: Job order costing
Explanation:
The costing of work orders or job costing refers to the method for distributing and collecting production costs to a specific production unit. The costing method for job orders is implemented when the different items generated vary significantly from one another and each one has a substantial cost.
The job cost documents also perform as the conglomerate ledger for the expense of the job-in-process stock, the stock of finished products, and the charge of selling products to the supplier. Because there is a considerable difference in the produced goods, a separate department order cost report for each individual item is required for the job order pricing system.
