Answer and Explanation:
1. The classification of estimated manufacturing overhead is shown below:-
Direct materials = Product cost
Direct labor = Product cost
Manufacturing overhead = Product cost
Selling expense = Period cost
2. The computation of total product cost for last month is shown below:-
= Direct materials + direct labors + manufacturing overhead
= $7,000 + $3,000 + $2,000
= $12,000
3. And, the unit product cost is
= Total product cost ÷ number of units
= $12,000 ÷ 4,000 units
= $3 per unit
The demand for his hot dogs will decrease. This is because Andrea is selling things at a better price than Jeff, and Mark and his friends would probably like to try something different than hot dogs.
Geochemist is the answer your looking for
Answer:
The correct option is is A, predatory pricing
Explanation:
Predatory pricing is an illegal approach to pricing where a firm fixes a very low price in order to send competitors out of business.
This is very applicable to a firm that has economies of scale where its cost per unit reduces as more and more units are produced, making it possible to undercut competitors without feeling much impact in profitability.
This approach is against the anti-trust law as it paves for a monopoly market,where only one firm operating in the market determines the price which is not likely to be favorable to consumers
Answer: B
Explanation: Businesses are run by consumers, so the choices those consumers make will find their way into business decisions. b. Businesses can track the trends of what consumers are and are not buying, and will attempt to cater to the desires of those who provide them with profits.
