Answer: Four pies.
Explanation:
Marginal cost is the additional cost of producing one extra unit of a good or service.
From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.
From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.
Answer:
C
Explanation:
The president appoints a nominee to a judgeship, and then the Senate confirms the nominee.
Answer:
Material processing
Explanation:
Materials processing can be said to the series of operations that transforms industrial materials from a raw-material state into finished parts or products.
Answer:
Total cost of transferred to finished goods inventory = $ 136,500
Explanation:
To value cost of transferred finished goods, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units (EUP) for each of the cost element.
So the value of the finished inventory, is determined as follows:
Value of inventory = cost per E.U.P × number of E.U.P
Direct Material = $5.00 × 21,000 =$ 105,000
Conversion cost = $1.50 × 21,000= $31,500
Total cost of transferred to finished goods inventory =
$ 105,000 + $31,500
= $ 136,500
Answer:
d. any cost that does not change when the firm changes its output.
Explanation:
Fixed costs are the expenses that remain constant throughout a financial period. They are not dependent on the output level for the period. Fixed costs are budgeted at the beginning of the season and will not change as long as production does not go beyond the optimal level. Examples of fixed costs are depreciation, rents, administrative salaries, and insurance.
Variable costs contrasts fixed costs. Whereas fixed costs remain constant, variable cost change depending on the level of production. Adding fixed costs to variable costs results in the total costs for a business. The average total cost is the total cost divided by the total output.
