I believe the answer is: product mix
Product mix refers to the total variety of product that offered by a certain company which collectively become one big pool of income.
The creation of product mix is aimed to reach the market segmentation that hasn't been reached by the previous product.
Large companies and corporations usually have this kind of method. Company abc gave a common stock<em> </em><em>(also known as common stock) </em>to each and every stockholder in the company. It represents ownership in a corporation. Stock holders are also given the right to vote and chose among themselves the board of directors.
Answer:
Prime costs= $212,500
Explanation:
Prime costs are the direct materials used and direct labor.
Prime costs= direct material + direct labor
Giving the following information:
Direct material:
Fabric used to upholster furniture10,500
Freightminus−in 3,800
Lumber used to build product 82,500
Total direct materials= $96800
Direct labor:
Wages paid to assembly−line workers 115,700
Prime costs= 96800 + 115700= $212,500
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