A running shoe manufacturer opens a factory in a new country and has to decide the price of its product. Arrange the steps involved in the pricing decision. 1. The manufacturing unit increases production by using efficient technology to reduce fixed costs.

2. The company aims to make profits by gaining market share on foreign land.

3. The company computes demand by assessing demographic data such as income and age.

4. The company studies rivals’ market share, product portfolio, and costing.

5. The company adopts going-rate pricing to stiffen competition and penetrate the market

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?

According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.