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correct answer is option : Structural cost drivers.
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At a firm's current level of production, marginal revenue is less than marginal cost (MR<MC). A profit- maximizing firm will decrease prices. increase output O decrease output. shut down.
At a firm's current level of production, marginal revenue is greater than marginal cost (MR>MC).A profit-maximizing firm will increase prices. increase output decrease output. O shut down.
8 Find the marginal-product functions for the Cobb-Douglas production func- tion for i 1, 2, 3, 4 a2a3a4 y Axixx3x4 A> 0, 0< ai <1
Three cost drivers are used to estimate the cost of processing insurance claims. The cost drivers are: (1) claim amount, (2) age of vehicle in accident and (3) age of driver in accident. The percentages attributable to the cost drivers are 50% for claim amount, and 15% for each of the other two cost drivers. What is the cost to process Claim #101? The claim amount is $1,000. The age of the vehicle is 5 years. The age of the...
Next Question Find the cost function if the marginal cost function is given by C'(x)=x2 +5 and 9 units cost $123. C(x) =
In the Activity Based Costing system, second-stage cost drivers are known as Activity Drivers Transaction Drivers Costing Drivers Resource Drivers 2) Which one is correct? Our book is; Management & Cost Accounting, written by Colin DRURY Management & Cost Accounting, written by Calvin DRURY Cost Accounting, written by Colin DRURY Management Accounting, written by Calvin DRURY
The graph shows a monopolist's demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves. Despite having the market all to itself, the firm has struggled to make money. Suppose that the firm is sold,and the new owner is initially less intent on maximizing profits than on simply making a profit. What range of production quantities will low the frm to operate while earning a profit? Give your answer by those limits dragging the Qmin to...
The graph shows the marginal private benefit from design school education. The marginal cost of this education is a constant $12,000 a year. The marginal external benefit from a design school education is $4,000 per student per year. Suppose the government decides to provide public design schools. Price and cost (thousands of dollars) 28- Draw the marginal cost curve. Label it MC. Draw the marginal social benefit curve. Label it MSB. Draw a line that shows the tuition that schools...
Bonita Inc. has identified the following overhead costs and cost drivers for next year. Overhead Item Expected Cost Cost Driver Expected Actual Transactions Setup costs $87,912 No. of setups 396 Ordering costs 46,800 No. of orders 3,900 Maintenance costs 125,000 Machine hours 25,000 Power 26,495 Kilowatt hours 75,700 The following are two of the jobs completed during the year: Job 700 Job 701 Direct materials $1,200 $600 Direct labour $890 $420 Units completed 250 100 Direct labour hours 40 20...