Answer to Question #39575 in Economics of Enterprise for marvi

Question #39575

the baker has the following probabilities for selling a pastry.
Demand: 20 21 22 23 24
Probability: 0.1 0.2 0.3 0.4 0.5
the cost of pastry is 25 paisa and sales price is 45 paisa, pastries are perishable and must be thrown if not sold during the day. how many pastries should he sale? also find expected value of perfect information.

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Assignment Expert

13.05.14, 18:56

[b]Manufacturing overhead[/b] (also referred to as factory overhead, factory burden, and manufacturing support costs) refers to [i]indirect[/i] factory-related costs that are incurred when a product is manufactured. Along with costs such as direct material and direct labor, the cost of manufacturing overhead must be assigned to each unit produced so that [b][url=https://www.accountingcoach.com/terms/I/inventory]Inventory[/url][/b] and [b][url=https://www.accountingcoach.com/terms/C/cost-of-goods-sold]Cost of Goods Sold[/url][/b] are valued and reported according to [b][url=https://www.accountingcoach.com/terms/G/generally-accepted-accounting-principles]generally accepted accounting principles (GAAP)[/url][/b]. Manufacturing overhead includes such things as the electricity used to operate the factory equipment, depreciation on the factory equipment and building, factory supplies and factory personnel (other than direct labor). How these costs are assigned to products has an impact on the measurement ofan individual product's profitability.

marvi

11.05.14, 20:03

what is the purpose of factory overhead applied and how this information can used to minimize the cost of the product

Answer to Question #39575 in Economics of Enterprise for marvi

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