Answer the Following Questions Using the Information Below:
Rockhampton Manufacturing

question 112

Multiple Choice

Answer the following questions using the information below:
Rockhampton Manufacturing is approached by a Brazilian customer to fulfil a one-time-only special order for a product similar to one offered to domestic customers. Rockhampton Manufacturing has a policy of adding a 10% mark-up to full costs and currently has excess capacity. The following per unit data apply for sales to regular customers:
$\begin{array}{lr}\text {Variable costs:}\\\text { Direct materials } & \$ 30 \\\text { Direct labour } & 10 \\\text { Manufacturing overhead } & 15 \\\text { Marketing costs } & 5\\\text { Fixed costs: }\\\quad \text { Manufacturing overhead } & 100 \\\quad \text { Marketing costs } & \underline{20} \\\text { Total costs } & 180 \\\text { Mark-up }(10 \%) & 18 \\\text { Estimated selling price } & \underline{ \$ 198}\end{array}$

-If Stephen Fleming wanted a long-term commitment for supplying this product,what price would MOST likely be quoted to him?

• A)$1400
• B)$1000
• C)$1290
• D)$1075

Identify the differences and intersections between social psychology and other psychological and social sciences (e.g., cognitive psychology, clinical psychology, anthropology, sociology, political science).

Recognize the importance of social cognition and themes such as the biological influences on behavior, the self, and attitudes in social psychology.

Appreciate the historical development and evolution of social psychology, including its response to historical events.

Understand behaviorism and how learning principles explain human behavior.

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Definitions:

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit.

Antimacassars

Small pieces of cloth or paper placed over the backs or arms of chairs or sofas to protect them from grease or dirt.

Monopolistic Distributor

A sole provider of a product or service in a particular market, facing little to no competition.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers, usually downward sloping.