Forever Quilting is a small company that makes quilting kits prices at $120. The costs of the materials that go into each kit total $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Forever Quilting unit variable cost for its kits is

$50

Explanation:

Variable costs are those cost which changes with the change in activity like sales, production etc. Variable costs includes direct material cost, direct labor cost, variable overhead cost etc.

Variable cost

costs of the materials $45

Assembling cost         $5  

Total                           $50

Rent and insurance,heat and electricity, advertising  are classified as fixed costs so these costs are not included in the variable cost.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi