In order to find total production cost of producing 6000 units we need to find Average Total cost per unit, which can be found out as below:
Direct material $6.6
Direct Labour $3.6
Variable Manufacturing Cost $1.35
Fixed Manufacturing Cost $3.3
Fixed Selling Price $0.95
Fixed Administrative Expense $0.65
Sales Commissions $0.75
Variable Administrative Expense $0.65
Total Expense Per Product $17.85
Total No of Products Produced 6000 Units
Total Cost of Production for 6000 Units $107100
FICA tax includes a 6.2% of social security and 1.45% Medicare tax on earnings.
Answer:
amount of a product and the price a consumer pays
Explanation:
A chart that shows the relationship between quantity demanded and price shows the relationship between the amount of a product purchased by a consumer and the price of the prodcut.
It doesn't show the relationship between th3 interest a consumer has in a product and its price. Interest doesn't always translate in demand for the product. A consumer might be interested in a product but might not buy it due to its price or other factors.
A chart that shows the relationship between price and quantity demanded is the demand curve. It plots price on the vertical axis and quantity demanded on the horizontal axis. The demand curve is usually downward sloping to illustrate the law of demand. The law of demand says that the higher the price of a product, the lower the quantity demanded and the lower the price of a product, the higher the quantity demanded.
Answer:
A. customer relationship management.
Explanation:
Based on the scenario being described within the question it can be said that in this scenario, Five Elements Spa is using customer relationship management. This refers to an approach of managing a companies various interactions between the company and it's current and future potential customers , with the main goal of retaining the current customers and bringing in newer potential customers. Which is what the company is doing by regularly keeping in touch with their customers.
Answer: Gathering research data through surveys by asking questions such as “how much? “ or “how many?”
Explanation: Qualitative research methods include interviews, surveys, etc. It is not based upon numerical data, and it is unstructured. Quantitative research is the systematic empirical investigation of observable phenomena via statistical, mathematical, or computational techniques.
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