1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olegator [25]
2 years ago
12

To determine a product selling price based on the total cost method, management should include: Multiple Choice Total product an

d selling, general, and administrative costs plus a markup. Total selling, general, and administrative costs plus a markup. Total product costs plus a markup. Only a markup. Total product and selling, general, and administrative costs only.
Business
1 answer:
Free_Kalibri [48]2 years ago
4 0

If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is total cost method?</h3>

When using the total cost method, the company takes into account the full cost of producing the good in question. This includes total product cost only.

A markup is then added to the total cost to find a suitable selling price that allows for a projected level of profit.

Find out more on the total cost method at brainly.com/question/6480601.

You might be interested in
Junk bonds are high-risk, high-yield debt instruments. They are often used to finance leveraged buyouts and mergers, and to prov
Luda [366]

Answer:

true              

Explanation:

Junk bonds can be defined as the bonds that require a higher default risk than most corporate and government issued bonds. A bond is indeed a debt or promise to pay interest payments to investors in return for purchasing the bond and the return of the invested principal.

Junk bonds depict debt issued by financially struggling companies with a significant risk to defaulting or failing to pay even their own monthly payments or reimbursing the principal to lenders. Thus, from the above we can conclude that the given statement is true.

3 0
3 years ago
Perfectly competitive firms will: increase output up to the point that the marginal revenue of an additional unit of output is e
zavuch27 [327]

Answer:

increase output up to the point that the marginal revenue of an additional unit of output is equal to the marginal cost.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Perfectly competitive firms always strive to maximize profits by increasing their level of output, such that P = MC.

In a nutshell, in the long run equilibrium P = MR = MC.

Where;

P is the profit.

MR is the marginal revenue.

MC is the marginal cost.

7 0
3 years ago
The eu became an economic union when the ____ went into effect in 1993.
PilotLPTM [1.2K]
Answer: <span>Maastricht Treaty</span>
7 0
3 years ago
A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000
ser-zykov [4K]
$700,000 I hope that helps
5 0
3 years ago
A customer places an order to buy 1,000 shares of a stock at $40. The registered representative enters the order. After executio
tatiyna

Answer: C. II and III

Explanation:

The customer ordered for 1,000 shares of a stock at $40 and so this is what the registered representative should give the customer. As such, if in the first place the order was possible to be done, then it will have to be done now and the registered representative's firm are obligated to provide the amount in question.

Any costs associated with filling the remaining 900 share order is the responsibility of the firm and not of the customer as they made the error not the customer.

3 0
3 years ago
Other questions:
  • Suppose, as your birthday gift, your best friend give you a 4-day general admission ticket for Bonnaroo 2018 with a market value
    8·1 answer
  • A company that manufactures smartphones developed a new battery that has a longer life span than that of atraditional battery. F
    5·1 answer
  • Ariel is saving money to purchase a new computer before she leaves for college in two She wants to open a special account at a d
    15·1 answer
  • Institutional review boards help to ensure the safety of subjects of review. who sits on such a board?
    6·1 answer
  • Fizzy Cola acquired 45% of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal t
    5·1 answer
  • The real estate industry is comprised of different firms in several locations. Some are independent and popular locally, while o
    9·1 answer
  • Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and
    10·1 answer
  • Wich type of promotion happens in informal conversations?
    10·1 answer
  • Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
    8·1 answer
  • How many categories should you have in your budget?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!