Answer:
Standard cost per unit= $282.6
Explanation:
Giving the following information:
Direct materials per unit: 3.00 pounds at $4.20 per pound
Direct labor per unit: 9.00 hours at $12 per hour
Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $18.00 per direct labor hour
The standard cost per unit is the sum of direct material. direct labor, and allocated overhead:
Standard cost per unit= 3*4.2 + 9*12 + 9*18
Standard cost per unit= $282.6
Answer:
d. Continue production in the short run, but exit the business in the long run unless prices are expected to rise or costs to fall..
Explanation:
Currently, their sales revenue less variable cost is positive as it can sale at $1.50 dollars and the variables cost are less than that. Therefore, there are fixed cost thefirm can pay because it produce.
Now, in the long-run when the firm can exit the market it should consider to do so if it continues to get an average cost above the selling price.
Answer:
scarcity means that a good is limited in supply, relative to it's demand.
Explanation:
By limited, it means that the available resources are not enough for the satisfaction of a need.
Price hikes tells us of scarcity of a resource. When the price of a resource or good gets increased or is continuously increasing the price of the resource may show that it is scarce.
Management have to allocate resources in such a way that they do not have to run out of the resources or or they may decide to use substitute resources.
a larger company can seem more reliable to some people and often times large companies can run smaller ones out of buisness
Answer:
The correct answer is the option D: All of these are correct.
Explanation:
On the one hand, a "trust" is known in the economics and business field as the partnership between two or more companies that produce in the same industry and therefore that the main objective of this new agreement among the partners is to increase the market area or to take more advantage by working together, increasing both parties revenues.
On the other hand, the NFL trust is known to dominate the market of the football league in all its aspects, including all the teams logos and trademarks as well as the organization of the league's properties rights and the distribution of revenue for those concepts.
