Answer:
$807,500
Explanation:
First determine the cost per unit (U) as a function of cost of materials (M):
M = 2 * $2.00 = $4.00
And cost of labor and overhead (L):
L = 2.7*($20.00+$10.00)
L= $81.00
Total cost per unit is:
U = M + L = $4.00+ $81.00
U = $85.00
The estimate cost of goods sold for the month of May (C) is the product of the cost per unit by the number of units sold during the month (9,500):
C= $85.00*9,500
C= $807,500
Therefore, the estimated cost of goods sold for May is closest to $807,500
Answer:
The revenue is $2,450
Explanation:
The computation of the revenue is shown below:
= Sales - variable cost - additional costs - fixed cost
where,
Sales = Selling units × price per unit
= 50 rooms × $100
= $5,000
Variable cost = variable cost × price per unit
= 50 rooms × $15
= $750
The other cost value would remain the same
Now put these values to the above formula
So, the value would equal to
= $5,000 - $750 - $300 - $1,500
= $2,450
Answer:
According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.
Explanation:
To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.
This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.
Answer:
Personal elaboration
Explanation:
Personal elaboration is the simplest and important form of recall memory. In this process, the consumer can recall the deepest comprehension and then there is the greatest chance to recall accurately.
Different strategies play a great part in this process.
- To describe the place in details
- Use very specific words
- Show taste, smell, feeling, smell.
- To show the comparison between two similar things
- To use the exact words from another person
- To describe something movement about objects
- Show the feeling that how something has happened
-
Answer:
C. 9100
Explanation:
Beginning Inventory+Sales - Ending Inventory
300+9000-200=9100
