DO

A tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be v

Snowcat [4.5K]

Answer:

Option D is correct.

Third-degree price discrimination

Explanation:

tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be viewed as a practice of Third-degree price discrimination.

Third Degree Price Discrimination involves charging a different price to different groups of consumers for the same good. These groups of consumers can be identified by particular characteristics such as age, sex, location, time of use.

5 0

3 years ago

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At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will

lora16 [44]

Answer:

$600,000

Explanation:

For computing the overhead applied first we have to find out the predetermined overhead rate

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $800,000 ÷ 200,000 hours

= $4

Now the overhead applied is

= Actual direct labor-hours × predetermined overhead rate

= 150,000 hours × $4

= $600,000

3 0

3 years ago

Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made fro

il63 [147K]

Answer:

Determine the plantwide overhead rate for Laval using direct labor hours as a base.

1. Estimated overhead costs $800,000 $1.60 per direct labor hour

Estimated direct labor hours 500,000

2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.

Direct Labor - Assembly $188,500

Direct Labor - Fabricating 395,200

Direct materials 270,000

Overhead 34,720

Total manufacturing costs 888,420

Units produced 22000

Manufacturing cost per unit 40.38

3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Departmental overhead rate

Fabricating 390000/152000 = 2.57 MH

Assembly 410000/290000 = 1.41 DLH

4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Direct materials 270000

Direct labor

Fabricating 188500

Assembly 395200

583700

0

Overhead

Fabricating (15000*2.57) 38550

Assembly (15200*1.41) 21432

59982

0

Total manufacturing cost 913682

Units produced 22000

Manufacturing cost per unit 41.53 per unit

8 0

4 years ago

A 16-ounce bottle of Prairie Herb vinegar sells for $4.95, and a 16-ounce bottle of Heinz vinegar costs $1.05 . Prairie Herb vin

Gelneren [198K]

Answer:

Price Skimming

Explanation:

Prairie Herb Vinegar is new to the market and using a price skimming strategy. This is where the product is sold at the highest price a certain customer base will be willing to purchase the product at. This also creates a scenario where a perception of quality is created. As the company attempts to attract more customers they will lower the price of the product hopefully expanding their existing customer base.

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3 years ago

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Evidence that the olmec engaged in extensive long-distance trade can be seen by the presence of

ZanzabumX [31]

The answer is obsidian and jade. The obsidian are being obtained by the Olmec in means of having to be able to contribute it for the growth of the polities of the Maya and a way of having to gain superior items. The jade are being used by the people in means of having to carve figures with the use of axes.

3 0

3 years ago