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1) A) In a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production? Why or why not?
B) Why do marginal and average cost curves take a "U" shape?
2) Define "Monopoly". Is it true that a monopolist will maximize profit where Marginal Revenue equals the Average Cost of Production? Why or why not?
Advertising expense $17,200 Wages expense-assemblers 36,840 Depreciation expense-machines 21,480 Utilities expense-factory 21,120 Wages expense-lathe operators 23,480 Repair expens
Describe the meaning and relevance of interdependence of variances when reporting to managers.
Determine the factors that distinguish profit calculated according to (a) marginal costing and (b) absorption costing principles.
what are the purposes of cost accounting information
Determine Profit by Using Absorption Costing Assuming the fixed overhead absorption rate was Ksh.3 per litre, then what would be the profit utilizing absorption costing? a)
Budgetary Planning and Control Budgeting refers to the process of quantifying the plans of an organization such as to enable it get its objectives in the defined duration. Th
Vary the force by hiring layoffs. No over time.
standard hours = 5000 standard wages = Rs.3/hr actual hours worked = 5600 hrs actual wages paid = 17920
prepare a trading and profit and loss accounts for the period using marginal costing and absorption costing
a machine is purchased on july 1 2009 for $181,500. It has an expected useful life of 11 years and no salvage value. After five years, the machine is sold for $98,000 cash. What is
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