1. which approach to pricing (cost-based, competition-based, or demand-based) is the most fair to customers? why?
2. is it possible to use all three approaches simultaneously when pricing services? if you answer yes, describe a service that is priced this way.
3.for what consumer services do you have reference prices? what makes these services different from others for which you lack reference prices?

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

From what part of income should someone take savings?