Answer:
it is refered to as profit maximization condition
Answer:
Follows are the solution to this question:
Explanation:
Case 1
Production cost of goods
Work is under way, start 1510
Material direct 9780
Labor Direct 5950
Overhead production 8870
Total cost of production 24600
Total work costs under way 26110
Less: Finishing job in phase 8140
Generated cost of goods 17970
Answer:
Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.
Answer:
The break even in dollars is $23000000
Explanation:
The break even point in dollars is the amount of revenue which produces no profit or no loss and where total revenue equals total cost. The break even in dollars is calculated by dividing the fixed cost by the weighted average contribution margin ratio.
Break even in dollars = Fixed costs / Weighted average contribution margin ratio
Weighted average contribution margin ratio is the contribution margin ratio of each products multiplied by the products weight in the sales mix.
Weighted average contribution margin ratio = Weight in sales mix of Product A * contribution margin ratio of product A + Weight in sales mix of Product B * Contribution margin ratio of Product B
Weighted average contribution margin ratio = 0.65 * 0.3 + 0.35 * 0.5 = 0.37
Break even in dollars = 8510000 / 0.37
Break even in dollars = $23000000
Answer: d. the costs of attracting new customers are rising.
Explanation:
Due to the fact that companies always want to keep their old customers and ensure customer loyalty, they try as much as possible to satisfy them and meet their needs.
Due to this reason, the cost of attracting new customers are high. Companies go through a lot of processes to get new customers such as promotion, advertisement to attract new customers etc. The cost involved are typically high.
