For most products, an <u>inverse</u> relationship exists between the price of a specific product and its quantity demanded.
Quantity demanded refers to the specific amount of a product or service that consumers are willing and able to purchase. The quantity demanded of a particular product or service can be either increased or decreased depending on a change in its price.
According to the law of demand, the price of a product has an inverse relationship with its quantity demanded. The inverse relationship employs that higher prices of products result in lower quantity demanded, and lower prices of products result in higher quantity demanded.
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Answer: $85,000
Explanation:
Find out the cost of per unit of inventory under absorption costing:
= Direct materials + Direct labor + Variable overhead + Fixed overhead per unit
= 4 + 2 + 3 + 160,000 / 20,000 units
= 4 + 2 + 3 + 8
= $17 per unit
If 5,000 units are left, the value of those units are:
= 5,000 * 17
= $85,000
Answer:
equivalent unit of production for period in conversion cost is 42000 EU
Explanation:
Given data
during period P = 35000 units
ending work W = 14000 units
complete C% = 50%
to find out
equivalent units of production
solution
we know that 35000 units work is complete and transferred during period and
50% complete with ending work 14000 units
so that
Equivalence unit production is W x C% + P
= 14000 x 50% + 35000 = 42000
so equivalent unit of production for period in conversion cost is 42000 EU
Answer:
D.
project completion constraints
Explanation:
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