Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual
results. Budgeted Actual
Sales 950 per unit $1,470,000
Variable expenses 380 per unit 588,000
Fixed expenses (total) $144,500 135000
Units produced and sold 1,530 1,330
List variable and fixed expenses separately.
The correct answer is letter "C": value of the best alternative not chosen
Explanation:
Opportunity costs represent the return of the option chosen compared to the options that were forgone. <em>It can also be described as the return of the next best available option after having selected one</em>. Opportunity costs help individuals to find out what they "left on the table" after taking a certain decision.
Depends on the student, where they are staying while attending school, and how determined they are. If they are really determined and staying at home with a good support system then no.
This is explained to be a cost based pattern or unique strategy which is seen to ensure that costs are been covered in the sense that all pricing variables are seen to add some particular percentage to mark its price. It is seen in most cases is obviously seen to cover all cost of what exactly it is a customer is seen to have loved or valued in the said product.
Certain scenarios has shown that optimization is rare in the discussed topic' way to calculate a price, it shouldn't be your only way of finding price.
