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Give an example of a variable cost (a firm only pays it when producing something)
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- Assume a fixed cost of $900, a variable cost of $4.25, and a selling price of $6.00. a. What is the break-even point? (Roundup your answer to the next whole number.) Break-even point unitsA purchasing agent need not worry about a tiny difference in price when a large quantity is being bough; True or FalseWhich of the following types of construction project is most likely to use a unit price contract? Group of answer choices Highway expansion project Commercial building Single-family residence Renovation of an apartment building Industrial plant
- Why might some prefer a prix fixe (fixed price) dinner costing about the same as an à la carte one (where they pay individually for each item)? Assuming the food is the same.Julia Martin is the production manager of a ready to wear manufacturing outfit. A decision needs to be made about the type of clothing material or fabric to be used to make a shirt. The fabric that has been used in the previous production cost P 40 per yard but it is not available currently. Similar material from another supplier will cost P 50 per yard. Required: Identify all costs that you can see in the Julia Martin problem. Explain simply why you classified it as such.Any cost fluctuation will be reflected on cost baseline value. True or false?
- Which good would you expect to have more elastic demand for each of the following pairs of goods, and why? Subway rides during the next three months or subway rides during the next six yearsThe management of two different-sized sachets of maize meal—5 kg and 3 kg—is entrusted to you. The larger sachet is priced at R45 and the smaller one is R30, according to Shoprite your primary supplier. Currently, the promotion for the smaller packet says, "Buy ONE get the second HALF PRICE!" Calculate which size of Sugar currently gives you the best value for money.Durant Co. manufactures glass bottles for dairy products. The contribution margin is $0.10 perbottle. Durant just received notification that one of its orders for 100,000 bottles contained misprintedlabels and thus had to recall and reprint the bottle labels. If it will cost $0.05 per bottle to reprint thelabels and $1,000 to reship the bottles, what will the net contribution margin be after the recall?
- Write a recommendation about a company what measure to put in place to avoid out of stock of products.A company that manufactures cars would use about 50,000 steering wheels per year Such steering wheel is being ordered from a supplier that would cost the company P1.250.00 per order it would also costs 40% of the steering wheel's cost to keep it annually. The steering wheel costs P7,500.00 each How many steering wheels should be ordered at one time? ** Need as soon as possible pls.Select one: a. price ceiling; below b. price floor; above c. price ceiling; at or below d. price ceiling; above