Answer:
The correct answer is: maximized; reducing; increasing.
Explanation:
An oligopoly market is a market structure in which there is a small number of firms. The business decisions of each firm affect its competitors. There is no restriction on entry and exit of firms. There is a high degree of competition between firms.
The firms can maximize their profits if they collude and act like a monopoly. They can earn monopoly profits by reducing the level of output and increasing the price of products.
Answer:
The Darwin Company
Calculation of Manufacturing Overhead costs:
= $17,200
Explanation:
a) Data and Calculations:
Depreciation on factory equipment $4,700
Indirect labor 5,900
Factory rent 4,200
Factory utilities 1,200
Indirect materials used 1,200
Total Manufacturing overhead costs = $17,200
b) Darwin's manufacturing overhead costs will include only the above listed costs. Sales commissions, direct materials, direct labor, and office salaries expense do not form part of the manufacturing overhead costs. The manufacturing overhead costs are neither direct materials or labor costs or selling and administration costs.
Standard:
Wool required = 2 yard^2 per coat
Cost = $44/ yard^2
Therefore,
Total standard cost per coat = wool per coat * cost per yard squared = 2*44 = $ 88 per coat.
The correct answer is C.
Answer:
Credit card and bank fees. Hourly wages and direct labor. Shipping costs. Raw materials.
Explanation:
