Bland Company Makes Three Different Products,Products A,B,and C,for Which the Company

question 40

Essay

Bland Company makes three different products,Products A,B,and C,for which the company has accumulated the following information: $\begin{array}{c}\begin{array}{|l|}\hline\\\hline \text {Selling pric e per unit}\\\hline \text {Variable cost per unit}\\\hline \text {Number of direct labor hours per unit}\\\hline \text {Market demand}\\\hline \end{array}\begin{array}{l|}\hline\text { Product } A\\\hline \$ 1,000 \\\hline \$ 60 \\\hline1\\\hline 10,000 \text { units }\\\hline \end{array}\begin{array}{l|}\hline\text { Product B }\\\hline \$ 160 \\\hline\$ 90 \\\hline2\\\hline8,000 \text { units }\\\hline \end{array}\begin{array}{l|}\hline\text { Product C } \\\hline\$ 200 \\\hline \$ 120 \\\hline 2.5 \\\hline 4,000 \text { units } \\\hline \end{array}\end{array}$
Selling price for Product A is 100

---

Definitions:

Deductions

Expenses or specific amounts that can be subtracted from one's gross income to reduce the taxable income.

Rate Structure

The system or plan for pricing services, often used in reference to utilities like electricity, water, and telecommunications, outlining how rates vary based on usage levels or time of use.

Tax Base

The measure or value upon which a tax is levied.

Incidence

In economics, the allocation or distribution of a tax's economic burden between buyers and sellers.