Answer:
$1,275,000
Explanation:
The computation of the contribution margin is shown below:
As we know that
Contribution margin = Sales - variable cost
or
Selling price per unit - variable cost per unit
And, the direct material per unit, direct labor per unit, and the Variable overhead per unit are variable cost
So, if 50,000 units are sold, the contribution margin per unit is
= 50,000 × ($33 - $1.50 - $2.50 - $3.50)
= $1,275,000
Answer:
True
Explanation:
The codes of conduct are the set or collection of conduct in an organisation that are specified for the particular organisation. These conducts may be following:
- Rules
- Principles
- Values
- Employee expectations, behavior, and relationships
These codes of conducts are to be followed by the individuals associated with organisation.
Answer:
<u> c. Mix width</u>
Explanation:
Product mix width can be defined as the total number of product lines that a company has to sell.
As an example, we can mention a cosmetics company that manufactures four different types of products, such as jewelry, perfumes, clothes and makeup.
Companies use the strategy of having different product lines because they add benefits such as attracting more consumers and gaining a larger share of the market.
Answer: equilibrium price = 4
Quantity of avocado = 110units
Explanation:
Q = 104 - 40p + 20tp + 0.01Y........eq1
Q = 58 + 15p - 20pf...........eq2
pt = $0.80,
Y = $4,000,
pf = $0.40
From eqn1 substituting of into it
Q = 104 - 40p + 20($0.80) + 0.01($4000)
= 104 - 40p + 16 + 40
= 160/40p
p = 4 equilibrium price
From eqn2. Substituting p and pf into it.
Q = 58 + 15p - 20pf
Q = 58 + 15(4) - 20($0.40).
Q = 58 + 60 - 8
Q = 110 quantity of avocado
Answer:
The elasticity of supply for hot cocoa is 1.43.
(D) Supply in the market for coffee is less elastic than supply in the market for hot cocoa
Explanation:
Using the midpoint formula,
Elasticity of supply for hot cocoa = (change in quantity supplied/average quantity supplied) ÷ (change in price/average price)
change in quantity supplied = 101 - 31 = 70
average quantity supplied = (101+31)/2 = 66
70/66 = 1.06
change in price = 9.75 - 4.5 = 5.25
average price = (9.75+4.5)/2 = 7.125
5.25/7.125 = 0.74
Elasticity of supply for hot cocoa = 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic because the elasticity of supply is greater than 1.
Elasticity of supply for coffee = (73 - 31)/(73+31)/2 ÷ 0.74 = 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. The supply for coffee is elastic because the elasticity of supply is greater than 1.
However, supply in the market for coffee is less elastic than supply in the market for hot cocoa because the elasticity of supply for coffee is less than that of hot coffee.
