Answer:
The answer is cost accounting system.
Explanation:
Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.
Answer:
Value added
Explanation:
Value-added - it is the total difference that comes out between the product value in the market and the cost of producing that product. cost of a product is based on the survey which gives the idea that how much cost may be assigned to the product.
The value of this difference help to determine the profit on products.
Higher the value of add, higher will be the charges of product and higher will be the revenue collected.
To break even they must be able to sell 1,100 tickets during the event.
The immediate cost is set at
$2,000 (player fees) + $1600 (worker fees) = $3,600
Assuming that fans would reach around 200 people that would be:
$3 X 200 =$600 (free bat costing)
Overall cost would be at: $3,600 + $600 = $4,200
To break even the computation will be as follows:
2,500 tickets X $5 = $12,500
$12,500 - $4,200 = $8,300 in earnings
A. falls is the best option
Answer:
$137,800
Explanation:
A flexible budget uses the standard hour and costs adjusted to Actual level of output
thus
Flexible budget amount for direct labor = 2 x 2,600 units x $26.50 = $137,800
