Answer:
See below
Explanation:
June 37,600 - 2,300 = 35,300
July 17,200 - 600 = 16,600
Answer: EFFICIENT
Explanation: Production possibility Curve or frontiers is a graphical representation of the combination of two goods to give an efficient output or outcome considering the prevailing market conditions.
Production possibility Curve is used by business managers to determine which product combination can a business organization derive maximum or efficient benefits. A point in the curve of the production possibility Curve represents/ shows a combination of goods that is efficient considering the prevailing market conditions.
Answer:
preemption
Explanation:
Preemption -
It refers to the process of getting some prior claim , is referred to as preemption .
It is basically some rights which a company takes before any other company getting it .
Some pre approved process is known as preemption , these claims are required to be taken .
Hence , from the given scenario of the question ,
The correct answer is preemption.
Answer:
Supplier's quotation (2,400 x $6.25) 150,000
Less: Relevant cost of production:
Direct material (2,400 x $31) 74,400
Direct labour (2,400 x $18) 43,200
Variable overhead (2,400 x $9) <u>21,600</u> <u>139,200</u>
Savings <u> 10,800</u>
The parts should be produced in-house since the relevant cost of production is lower than supplier's quotation.
Explanation:
In this case, we need to compare supplier's quotation to the relevant cost of production. The price of $6.25 above was computed by dividing the total price charged by the supplier by the number of parts. Moreso, the relevant cost of production is obtained by the aggregate of direct material, direct labour and variable overhead.
Answer:
1. Tastes and Preferences of the Consumers
2. Income of the People
3. Changes in Prices of the Related Goods
4. Advertisement Expenditure
5. The Number of Consumers in the Market
6. Consumers’ Expectations with Regard to Future Prices
Explanation:
