Table 2-13 Table 2-13 Shows the Output Per Day of Day

question 389

Multiple Choice

Table 2-13
Table 2-13 shows the output per day of two pet groomers, Tammi and Horace. They can either devote their time to grooming dogs or bathing cats.
-Refer to Table 2-13. What is Horace's opportunity cost of grooming a dog?

• A) half a bathed cat
• B) two bathed cats
• C) two-thirds of a bathed cat
• D) one and a half bathed cats

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Definitions:

Unit Product Costs

The total cost associated with producing one unit of product, including direct materials, direct labor, and allocated overhead costs.

Markup

The amount added to the cost of goods to cover overhead and profit, determining the selling price.

Selling Price

The amount of money a customer pays to buy a product or service.

Total Job Cost

The total cost associated with producing a specific job, including materials, labor, and overhead costs.