The Highest Value of Total Cost Was $800,000 in June

question 17

Multiple Choice

The highest value of total cost was $800,000 in June for Horchata Beverages,Inc.Its lowest value of total cost was $510,000 in December.The company makes a single product.The production volume in June and December were 13,000 and 8000 units,respectively.What is the fixed cost per month? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)

• A) $510,000
• B) $290,000
• C) $46,000
• D) $8000

Identify the requirements for a valid modification of contracts under both common law and the Uniform Commercial Code (UCC).

Analyze the enforceability of agreements based on past consideration or moral obligations.

Distinguish between illusory promises and conditional promises in the context of contract enforceability.

Evaluate the legal validity of exclusive dealing contracts and requirements contracts.

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Definitions:

Goal Difficulty

Refers to how challenging a set objective is to achieve, impacting motivation and strategy for accomplishment.

Management By Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon by both management and employees.

Goal Clarity

The extent to which the objectives or targets one aims to achieve are defined, understood, and actionable.

Goals

Targets or desired outcomes that an individual, group, or organization aims to achieve within a specific timeframe.