Homework Answers
| Answer 1 | |||||||||
| Option D opportunity cost | |||||||||
| When a benefit is forgone due to selection of other alternative that potential benefit is the opportunity cost | |||||||||
| ans 2 | |||||||||
| Option b Special order | |||||||||
| It is order which is received one time which has special selling price. So it needs to be seen whethere the special | |||||||||
| order should be accepted or not taking into consideration relevant cost | |||||||||
| ans 3 | |||||||||
| Total incremental cost is the variable cost | |||||||||
| direct material | $30 | ||||||||
| direct Labor | $5 | ||||||||
| Variable overhead | $7 | ||||||||
| Total incrrmental cost | $42 | ||||||||
| ans 4 | |||||||||
| Option D Volume trade off decisions | |||||||||
| Whenthe company does not have enough capacity than it chosses | |||||||||
| the products according to which profit is maximized. | |||||||||
| If any doubt please comment. If satisfied you can rate | |||||||||
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