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vodomira [7]
3 years ago
5

Target costing: Determines cost based on an expected market demand for the product. Determines cost based on standard cost. Dete

rmines cost based on a budget. Determines cost based upon market price and desired profit.
Business
1 answer:
lozanna [386]3 years ago
3 0

Answer:

Determines cost based upon market price and desired profit.

Explanation:

Target costing can be regarded as an approach that allows to know

cost of a product through its life-cycle. It enables to know the cost needed to ensure functionality as well as quality of the product with a desired profit at the end of production. It should be noted that Target costing Determines cost based upon market price and desired profit.

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Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, w
Nataly_w [17]

Answer:

Profit = TR- TC
= x (P) - C(x)
= x(-0.05x+38) - (0.02x^{2} + 3x + 574.77)
= -0.05x^{2} + 38x - 0.02x^{2} - 3x - 574.77
= -0.07x^{2} + 35x -574.77

This profit equation is an equation of a parabola that opens downward (Since A=-0.07<0) and has its vertex at

x= -\frac{B}{2A}  = -\frac{35}{2 (-0.07)}  = 250

Thus, revenue is maximized when x=250 hundred units. At this quantity maximum profit is

P(250)=3800.23 hundred dollars

b. Profits are maximised at x=250 hundred units. The per unit price at this is,

p= -0.05x + 38&#10;= -0.05 (250) + 38&#10;= $25.5


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3 years ago
What skills will a manager need to communicate with new employees?
Advocard [28]
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7 0
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an efficient manager

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sergiy2304 [10]

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A capital market is divided in two parts

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ewanI think The answer is in the teacher HAHAHAHSA

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