Question 1

The identification of relevant costs and benefits in decisions to accept or reject a special order and the selection of a price for a competitive bid may be based on similar principles. Explain.

Question 2

Demand and revenue data: manufacturer LO 20.29 Hotsounds Ltd manufactures premium MP4 players with unusual features. The divisional sales manager has estimated the following demand curve data: Quantity sold per month Unit sales price $250 238 225 212 200 Required: Page 993 1. Prepare a table using the following column headings: quantity sold per month, unit sales price, total revenue per month, changes in total revenue. 2. Draw a graph that shows the total revenue curve