RELATED QUESTIONS

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  Daily PLC produces & sale product A. It uses three different kind of direct materials D.M. X, Y and Z.. 6, 4 and 2 k.g of material X,Y and Z are required to produce a unit of product A. The materials cost br. 10, 12 and 14 per unit respectively. 4 labor hours at rate of 25 per hour are required to completely produce one unit of A.. MOH is applied to the products at 50 % of prime cost. Operating expenses are equal to 80% of cost of goods manufactured. During the period just ended 60 units of A were produced and sold for 100% profit on Cost of Goods manufactured. There were no beginning and ending inventory. The firm is subject to 30 percent income tax rate. Required: Compute the following for product A. A. . Total Cost of Goods manufactured B. B. Total sale. C. D. Net Income
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  If you were injured while playing dodgeball in the past three years, you could be eligible to make a compensation claim if your injury was caused by: __________?
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  1. The demand for personal computers can be characterized by the following point elasticities: price elasticity = 5, cross-price elasticity with software = 4, and income elasticity = 2.5. Indicate whether each of the following statements is true or false, and explain your answer. A. A price reduction for personal computers will increase both the number of units demanded and the total revenue of sellers. B. The cross-price elasticity indicates that a 5% reduction in the price of personal computers will cause a 20% increase in software demand. C. Demand for personal computers is price elastic and computers are cyclical normal goods. D. Falling software prices will increase revenues received by sellers of both computers and software. E. A 2% price reduction would be necessary to overcome the effects of a 1% decline in income.
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