Answer:
The minimum selling price = $23
Explanation:
The minimum selling price to be acceptable for the special order be the same as the relevant variable cost of producing a unit.
The relevant variable cost = marginal cost of a unit
Marginal cost = Direct material + Direct labour + Variable manufacturing overhead + shipping cost
Marginal cost = 9+ 7 + (50%× 8) + 3= 23
The minimum selling price = $23
Note : The 50% balance of manufacturing overhead which represents unavoidable fixed costs is irrelevant for this decision. These are costs that would be incurred either way whether or not the special order is accepted.
The total amount of output produced with a given amount of resources is known as the total product.
<h3>What is the output?</h3>
Output refers to something received from the manufacturing and production of raw materials by optimum utilization of resources. When we utilise raw materials in the manufacturing unit, the product we receive is refers as output.
The resources of a business include machines, types of equipment, raw materials, and manpower when these resources are combined together then, the output is received in the form of a total product.
Learn more about resources, here:
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Answer:C. someone who is content to accept whatever comes their way
Explanation:
It's because the definition is perfectly helptful.having or showing a strong desire and determination to succeed.
Answer:
3. Investing is riskier than putting money in a savings accounts.
Explanation:
Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.
Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.
Answer:
b. $1,450
Explanation:
Data provided as per the question
Winnings in slot = $250
Winnings in poker = $1,200
The computation of gross income is shown below:-
Total amount in Gross Income = Winnings in slot + Winnings in poker
= $250 + $1,200
= $1,450
Therefore for computing the total amount in gross income we simply add winning in slot with winning in poker.