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Lelu [443]
3 years ago
13

Bill smith economic influences

Business
1 answer:
dusya [7]3 years ago
7 0

I don't really know of Bill Smith but I know Adam

Smith's best - known ideas formed the basis of economic theory , including the invisible hand theory ( the idea that free - markets coordinate themselves ) , the division of labor ( the idea that people should specialize in specific tasks ) , and the measurement of economic activity ( Gross Domestic Product ) .

Please follow me and Mark as brainlest.

Thanks :-)

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Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a s
olasank [31]

Answer:

A. $10.75

B. May $6,288.75

June $4,407.5

Explanation:

A . Calculation to Determine Shadee's budgeted manufacturing cost per visor.

Budgeted direct Material $4.00

Direct labor $3.6

(0.30*$12)

ariable manufacturing overhead is $1.25

Fixed overhead per unit is $1.90

Budgeted manufacturing cost per visor $10.75

Therefore Shadee's budgeted manufacturing cost per visor is $10.75

B. Computation for Shadee's budgeted cost of goods sold for May and June.

May June

Expected sales units 585 410

Minimum cost per unit $10.75 $10.75

Budgeted cost of goods sold for May and June

$6,288.75 $4,407.5

May (585*$10.75=$6,288.75)

June(410*$10.75=$4,407.5)

Therefore the budgeted cost of goods sold for May is $6,288.75 and June is $4,407.5.

3 0
2 years ago
For each decision, state whether the company is following a cost leadership or a product differentiation strategy.
Oxana [17]

The strategies the companies are following in each case are;

1)Cost leadership  strategy

2)Product differentiation strategy

3) Product differentiation strategy

4) Cost leadership strategy

<h3>What Is Cost Leadership Strategy? </h3>

Cost leadership is known to be a kind of a business-level methods that is often used by people or by companies who are interested to gain a competitive advantage by acting as the  lowest-cost producer of a product, service, production process, or others.

Therefore,  The strategies the companies are following in each case are;

1)Cost leadership  strategy

2)Product differentiation strategy

3) Product differentiation strategy

4) Cost leadership strategy

Learn more about Cost leadership  strategy from

brainly.com/question/14395542

#SPJ1

4 0
1 year ago
Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positiv
saul85 [17]

Answer:

D.) $50 to $49

Explanation:

a p e x

6 0
3 years ago
The revenue recognition principle says Question 2 options: A) divide time into annual periods to measure revenue properly. B) re
lisov135 [29]

Answer:

The correct answer is letter "B": record revenue only after you have earned it.

Explanation:

Revenue Recognition is an accounting term that describes how and when a company reports revenue in its ledger. It is also part of the Generally Accepted Accounting Principles (GAAP). Using the accrual accounting method, revenue must be recorded when it is earned not when the company collects the cash proceeding.

7 0
2 years ago
Halima wants a Manufacturing career. She wants to be very successful and get paid well. Which career pays the highest salary?
ollegr [7]
Yes, I agree with Medical Engineer
6 0
3 years ago
Read 2 more answers
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