Answer:
$2.51 per unit
Explanation:
The computation of the cost per equivalent unit is shown below:
But before that the equivalent units is to be computed
Equivalent units = units completed + equivalents units in ending inventory
= 8,400 units + (13,200 units × 42%)
= 13,944 units
Now
Cost per equivalent unit = cost incurred ÷ equivalent units
= $34,980 ÷ 13,944 units
= $2.51 per unit
In economics, short run is time frame in which the quantities of quantities of some factors of production are fixed; and long run is period of time in which quantities of all the factors of production that can be varied.
<h3>
What is production?</h3>
Production is the process of mixing several inputs, both material (like metal, wood, glass, or polymers) and immaterial (like plans, or information) in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Production theory is the branch of economics that focuses on production; it is closely tied to the consumption theory of the economy. Utilizing the first inputs productively leads directly to the manufacturing process and results. Land, labor, and capital are regarded as the three major production components and are known as primary producer commodities or services. These essential ingredients do not substantially change during the output process or turn into a complete part of the final product.
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Answer: Income elasticity of demand for steak in cape charles is 1.16
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to a change in consumers income. When the proportionate change in quantity demanded is less than the proportionate change in income, demand is said to be income inelastic.
Income elasticity of demand for steak in cape charles is 1.16
<span>The benefit of purchasing a generalized insurance policy is that </span><span>rules out buying extra policies in the future. This will help the consumer to have a peace of mind because the consumer will be assured that they will get something out of this in the future.</span>
Answer:
Duke Company Lord Company 2022 2021 2022 2021 Net Sales $1,849,000 $546,000 Cost Of Goods Sold 1,063,200 289,000 Operating Expenses 240,000 ...
Explanation: