The additional-expense of producing 1 more unit of a product is called (a) marginal cost.
The "Marginal-Cost" is defined as the additional cost that a firm incurs when it produces one additional unit of output.
The marginal cost includes the cost of materials, labor, and other inputs used in production. Marginal cost is important because it helps firms make decisions about how much to produce and at what price to sell their products.
If the marginal cost is less than price of product, the firm can increase production and profit.
Therefore, the correct option is (a).
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The given question is incomplete, the complete question is
The additional expense of producing one more unit of a product is called:
(a) marginal cost
(b) marginal product
(c) profit maximizing output
freetown corporation budgeted fixed manufacturing costs of $34,000 during 2020. other information for 2020 includes: the budgeted denominator level is 2,400 units. units produced total 1,500 units. units sold total 1,300 units. beginning inventory was zero. the company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. manufacturing variances are closed to cost of goods sold. the production-volume variance is: (round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
The production-volume variance for FreeTown Corporation for 2020 is $8,333.
The variance can be calculated by using the formula: Production-Volume Variance = (Actual Unit Output - Budgeted Unit Output) × Budgeted Fixed Manufacturing Cost Per Unit.
In this case, the actual unit output is 1,500 units and the budgeted unit output is 2,400 units. The budgeted fixed manufacturing cost per unit can be calculated by taking the budgeted fixed manufacturing costs of $34,000 and dividing it by the budgeted denominator level of 2,400 units, which gives us a fixed manufacturing cost per unit of $14.17.
Using the formula above, the production-volume variance is calculated as follows: $14.17 × (1,500 - 2,400) = ($14.17 × -900) = -$12,750. Since the company uses absorption costing, this variance is closed to Cost of Goods Sold, meaning it is deducted from the budgeted fixed manufacturing costs of $34,000. As a result, the total production-volume variance is $34,000 - $12,750 = $21,250.
Finally, since the units sold total 1,300 units, the fixed manufacturing cost rate based on the budgeted denominator level needs to be reduced to account for the unsold units. This can be calculated by taking the total production-volume variance of $21,250 and dividing it by the actual unit output of 1,500 units, which gives us a fixed manufacturing cost rate of $14.17. Multiplying this by the difference between the actual and budgeted units (1,300 - 2,400) gives us a final production-volume variance of $8,333.
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Motivational research is based on the trait theory of personality. False or true
The given statement "Motivational research is based on the trait theory of personality" is False because motivational research focuses on the role of the unconscious in consumer behavior.
Motivational research refers to a type of marketing research that aids businesses in understanding why consumers behave the way they do. This information may then be used to create better marketing campaigns and improve product design. Motivational Research, Trait Theory of Personality, and Consumer Behavior Motivational Research is founded on the Theory of Personality, which argues that individual's actions and behavior are a function of their personality, both on conscious and subconscious levels.
Although trait theory explains a wide range of conduct and attitudes, motivational research focuses on the unconscious thoughts and the unconscious processes that lead to behavior, including motivation. To summarize, motivational research is based on the theory of personality, which, according to trait theory, explains how individual traits and characteristics contribute to behavior, but motivational research focuses on the role of the unconscious in consumer behavior. Therefore, the statement is false.
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compare public corporation and public limited companies. in your answer you should include ownership, sector and aim of the company
Explanation:
Sure, I'd be happy to compare public corporations and public limited companies.
Ownership: Public corporations are usually owned by the government or a government entity, while public limited companies are owned by shareholders who buy shares in the company. The government owns a majority or all of the shares in public corporations, and they operate in the interest of the public, whereas public limited companies operate in the interest of their shareholders.
Sector: Public corporations typically operate in sectors that provide essential services to the public, such as utilities, healthcare, and transportation. These sectors are heavily regulated and require significant investment, so the government often gets involved in their operations. Public limited companies can operate in any sector, including consumer goods, finance, or technology.
Aim: Public corporations aim to provide essential services to the public at a reasonable cost and may have social or political objectives, in addition to financial ones. In contrast, public limited companies aim to maximize profits for their shareholders. The goal of public corporations is not to make profits, but to provide services that are essential for society.
Overall, public corporations and public limited companies differ in terms of ownership, sector, and aim. Public corporations are usually government-owned and operate in sectors that provide essential services to the public, while public limited companies are owned by shareholders and can operate in any sector. The aim of public corporations is to serve the public interest, whereas public limited companies aim to maximize profits for their shareholders.
What are the benefits of relationship marketing to customers?
Relationship marketing focuses on building long-term connections with customers, which can offer several benefits they are personalized service, exclusive offers, better customer support, and customer loyalty.
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in the context of human resource management, companies can establish a competitive advantage by: group of answer choices focusing solely on their external environment. adopting a centralized approach to organizational control. implementing a hierarchical management scheme. hiring the right people and training them to be effective.
In the context of human resource management, companies can establish a competitive advantage by: hiring the right people and training them to be effective.
This means finding people who fit the company culture and possess the skills necessary to be successful in their roles, and then providing the appropriate training to ensure that those employees are able to meet the company’s goals.
What is human resource management?
Human resource management refers to the management of people in an organization to ensure that their productivity is maximized. It involves recruitment and hiring, training, and development, performance management, compensation, and other related activities.
Once hired, these employees should be provided with the necessary training and development to enhance their skills and knowledge. This can help to improve their performance and productivity, which can lead to increased competitiveness and profitability for the organization.
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what’s the answer to this somebody. hurry pls
have you ever made an agreement that mattered to you, only to have the other person refuse to follow through on the deal? looking at the list of elements in the chapter, did your agreement amount to a contract? why or why not? if not, what element(s) did it lack and what could you do differently?
Yes, I have made an agreement that mattered to me, only to have the other person refuse to follow through on the deal. Looking at the list of elements in the chapter, my agreement did not amount to a contract because it was lacking consideration, which is an essential element of a contract. Consideration is defined as the exchange of something of value in order to form the contract. Since I did not receive anything of value in exchange for my agreement, it was not considered a contract. To prevent this situation from occurring again, I could research the elements of a contract before entering into any agreement and make sure all essential elements are met.
Additionally, I could draft a written agreement that outlines the terms and conditions of the deal, which can help protect both parties by providing evidence of the agreement should it need to be enforced.
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c) last year, the mrt system incurred a loss of $50,000 per day. do the fare increase will resolve the deficit problem as well as ministry officials anticipate? explain
Yes, the fare increase will likely help resolve the deficit problem as anticipated by ministry officials. The fare increase will likely increase total revenue and reduce the overall daily loss.
However, there is no guarantee that it will completely resolve the deficit problem, as there may be other factors contributing to the losses.
To further reduce the daily loss, the MRT system can look at reducing operational costs, and improving efficiency of services.
For example, increasing automation, implementing an online ticketing system, reducing staff numbers, and reducing the number of train breakdowns.
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how are final goods and services valued when measuring nominal gdp? group of answer choices at base year prices at factor market prices at foreign exchange parity at current market prices
Final goods and services are valued at current market prices when measuring nominal GDP.
Nominal GDP is a measure of the total value of all goods and services produced in an economy during a given period of time, typically a year, and is calculated by multiplying the quantity of goods and services produced by their current market prices.
For example, if an economy produces 10 units of a good that sells for $5 each and 20 units of another good that sells for $10 each, the nominal GDP would be calculated as follows:
(10 x $5) + (20 x $10) = $100 + $200 = $300
In this example, the final goods and services are valued at their current market prices, which are $5 and $10 for each unit, respectively. This approach to valuing final goods and services is called the current market prices method, which is one of the three methods used to calculate GDP, along with the factor cost method and the expenditure method.
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which of the following funds would be used to account for an activity that provides centralized purchasing and sales of goods or services to other departments or agencies of the government on a cost-reimbursement basis? group of answer choices permanent fund. internal service fund. fiduciary fund. enterprise fund.
Fund for Internal services budget. This asset represents exercises that generate labor and products for distribution to various offices or other legislative bodies.
What are the five types of government funds?
Capital projects, debt service, general revenue, and permanent funds are the five types of government funding.
What exactly is the internal service fund?
An Internal Service fund is one that primarily offers goods or services. services with other funds, departments, or agencies of the government on a cost-reimbursement basis. The goal is to "break even" rather than "profit."
What is the distinction between direct and indirect funds?
A direct plan is something you acquire directly from the mutual fund firm. A normal plan, on the other hand, is sold by an advisor, broker, or distributor (intermediary).
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Costs for which no monetary payment is explicitly made are costs___
Costs for which no monetary payment is explicitly made are called "implicit costs." Implicit costs refer to the opportunity cost of using resources that a business already owns or the value of opportunities foregone by choosing a particular course of action.
Implicit costs, often referred to as implicit costs, are expenses that are not explicitly stated in a financial transaction but instead represent the potential gain that may have been realised by a different allocation of resources. On the other hand, opportunity costs are the advantages passed up when one choice is selected over another. Opportunity costs can be either explicit (like wages and salaries) or implicit (like the income from a different job or the returns from a different investment) costs. Decision-makers may allocate resources more wisely, including time and money, and ascertain the full cost of their choices by accounting for implicit and opportunity costs.
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A company has strong ______ if it continuously seeks new ideas from customers and from looks for ways to use new technologies
" A company has strong innovation if it continuously seeks new ideas from customers and looks for ways to use new technologies. the option c is correct.
Innovation is the process of creating and putting into use fresh concepts, ideas, products, services, or procedures that benefit customers and promote business expansion. A business can keep ahead of the competition and find fresh chances for development and improvement by embracing new technologies and asking for feedback from customers. Good innovation can result in a bigger market share, happier customers, and more profits.
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complete question-
"A company has strong ______ if it continuously seeks new ideas from customers and looks for ways to use new technologies."
A) marketing
B) leadership
C) innovation
D) financials
which of the following scenarios is not macroeconomic in nature? microsoft is considering buying another firm to help it expand its social media presence the gdp of france has fallen to an inflation-adjusted low. the u.s. unemployment rate falls to 8.5% in december. the central bank of the united states increased interest rates by 0.5%.
The scenario "Microsoft is considering buying another firm to help it expand its social media presence" is not macroeconomic in nature.
Macro economics is a branch of economics that is concerned with the performance, structure, and conduct of an economy as a whole, rather than individual people, businesses, or markets. Following are some of the important scenarios that depict the macroeconomic conditions or status.
Microsoft is considering buying another firm to help it expand its social media presence. This scenario is macroeconomic in nature since it is related to the growth of the firm and hence of the entire industry. Hence, option A is macroeconomic in nature.
The GDP of France has fallen to an inflation-adjusted low. This scenario is macroeconomic in nature since it concerns the performance of the economy and the GDP of the country as a whole. Hence, option B is macroeconomic in nature.The US unemployment rate falls to 8.5% in December. This scenario is macroeconomic in nature since it concerns the performance of the entire economy as a whole. Hence, option C is macroeconomic in nature.The central bank of the United States increased interest rates by 0.5%. This scenario is also macroeconomic in nature since it concerns the conduct of the economy as a whole. Hence, option D is macroeconomic in nature.Therefore, the only option that is not macroeconomic in nature is option A - microsoft is considering buying another firm to help it expand its social media presence.
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which of the following is a disadvantage of push systems? question 18 options: they are not effective when sales patterns are consistent. they are not effective when there are few distribution centers and products. they increase transportation costs in a supply chain. they result in higher costs when forecasting sales is difficult.
One of the disadvantages of push systems is that they result in higher costs when forecasting sales is difficult.
What is a push system?A push system is one in which production and supply are initiated by forecasts or long-term demand estimates. These estimates may be inaccurate, and this can lead to a number of problems.
The disadvantages of push systems include:
Higher costs when forecasting sales are difficultIf forecasts are inaccurate, there may be excess inventory and higher costs associated with storing and handling this inventory. Furthermore, it may be more difficult to adjust production in response to changes in demand when using a push system. As a result, there may be higher production costs.
Lower flexibilityA push system may be less adaptable to changing conditions in the market. When sales decline, inventory may accumulate, resulting in obsolescence and excess costs. Similarly, when sales increase unexpectedly, a push system may not be able to respond quickly enough. This can result in lost sales and unhappy customers.
Lower product availabilityA push system may result in lower product availability in the supply chain. This is because it is difficult to accurately forecast demand, and inventory may be inaccurate as a result. As a result, customers may be dissatisfied and the supply chain may suffer from lost sales and decreased profits.
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what happens to the production of product a as a result of comparative advantage? group of answer choices the output of product a decreases to 0 total units. the output of product a decreases to 30,000 total units. the output of product a increases to 800,000 total units. the output of product a increases to 60,000 total units.
The output of product A increases to 60,000 total units. Comparative advantage is a situation where a country can manufacture goods or services at a lower opportunity cost than another country.
For instance, Country A can produce goods at a cheaper price than Country B. This means that Country A can produce a good at a lower cost in terms of other goods that could have been produced.
The concept of comparative advantage argues that even if one country is more efficient in producing all goods than the other, there is still a basis for trade when one country has a comparative advantage in the production of some goods, meaning that its opportunity cost of producing those goods is lower than the other country's.
This scenario leads to a specialization of production, whereby countries are inclined to concentrate on products that they have comparative advantage in.
In this sense, when a country specializes in a good that it has a comparative advantage in, there will be an increase in production, and in contrast, there will be a decrease in production of a product that the country has a comparative disadvantage in. Consequently, the output of product A increases to 60,000 total units.
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which of the following is an effective technique for ensuring that job seekers understand the actual nature of the jobs available to them? group of answer choices a utility analysis a realistic job preview a psychomotor ability test a validity test
An effective technique for ensuring that job seekers understand the actual nature of the jobs available to them is realistic job preview.
A realistic job preview is an approach in which a job candidate is exposed to the actual aspects of the job before he or she is hired. This process enables job candidates to gain a more realistic perspective of the work, duties, and responsibilities involved with the job. Job candidates can assess their compatibility and make more informed choices about whether the job is the right fit for them or not.
A realistic job preview is a powerful tool for both job candidates and employers because it saves time and money by preventing people from applying for jobs they will eventually leave. The technique is quite effective for ensuring that job seekers understand the actual nature of the jobs available to them.
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assume that one year ago, you bought 270 shares of a mutual fund for $25 per share and that you received an income dividend of $0.18 cents per share and a capital gain distribution of $0.26 cents per share during the past 12 months. also assume the market value of the fund is now $27 a share. calculate the total return for this investment if you were to sell it now.
The total return for this investment, if sold now, is 18%.
This is calculated by adding the income dividend of $0.18 per share and the capital gain distribution of $0.26 per share, which together total $0.44 per share. The return is then calculated by dividing the $0.44 by the initial investment of $25 per share, resulting in a return of 18%.
The total return for this investment, if sold now, is 18%. This return is made up of income dividend payments and capital gain distributions, which together total $0.44 per share. The return is then calculated by dividing the total dividend and capital gain payments of $0.44 per share by the initial investment of $25 per share, resulting in a return of 18%.
The income dividend payments represent the amount of money earned from the mutual fund through the payment of dividends, while the capital gain distribution represents the profits made from the sale of fund holdings.
The total return takes into account both of these payments, which is why it is a better measure of how profitable the investment has been.
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sam is running a project to upgrade a client's website to a new framework. expectation management has been very challenging on this project. sam has had challenges keeping the main sponsor involved as the project has evolved. currently sam is managing stakeholder engagement. which of the following best describes what he will expect to create? seleccione una: a. resolved issues and approved change requests b. approved change requests and updated stakeholder registry c. updated stakeholder registry, resolved issues, and change requests d. updates to the stakeholder engagement plan, change log and issue log
Sam must ensure that all stakeholders are up-to-date on the project, including resolving any issues or disputes that may arise. He must also make sure all changes are approved, and that all stakeholders are aware of the change log and issue log. The correct answer is option C
For stakeholder engagement, Sam should create and maintain a stakeholder registry. This should include all stakeholders, their contact information, and their interests in the project. By maintaining this registry, Sam can quickly assess who needs to be consulted and who will be impacted by the project changes.
To resolve any issues or disputes that arise, Sam must have the ability to listen to all stakeholders' concerns, address those concerns, and develop appropriate solutions. This requires Sam to have good problem solving and communication skills.
By creating and maintaining a stakeholder registry, resolving any issues or disputes, and ensuring all changes are approved, Sam will be able to properly manage stakeholder engagement for this project. Therefore correct answer is option C
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what amount would a person with actual cash value coverage receive for five-year-old furniture destroyed by a fire? the furniture would cost $8,500 to replace today and had an estimated life of ten years.
A person with actual cash value coverage for five-year-old furniture that has been destroyed by fire would receive an amount of $4,250.
What is actual cash value (ACV)?Actual cash value (ACV) refers to the current market value of the item that has been lost or destroyed. Actual cash value is calculated by subtracting depreciation from the item's total replacement cost (TRC).
For example, if a 10-year-old car was worth $15,000 when it was purchased and now has a replacement cost of $20,000, its ACV would be $5,000 (20,000 - 15,000 = 5,000).
How to calculate the amount received by actual cash value coverage?The actual cash value coverage amount is determined by subtracting depreciation from the original cost of the item. For five-year-old furniture, the estimated life was ten years. Therefore, the depreciation rate per year is $8,500/10 = $850/year.
Depreciation for five years would be $850 x 5 = $4,250.
Therefore, a person with actual cash value coverage would receive $4,250 for the five-year-old furniture that has been destroyed by fire.
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production planning and scheduling is most likely to be associated with which of the following activities? question 27 options: 1) operations 2) inspections 3) storages 4) transportation
The activity most likely to be associated with production planning and scheduling is "operations".
Production planning and scheduling involves the planning and coordination of various operational activities such as production processes, materials procurement, workforce management, and equipment maintenance to ensure efficient and effective production operations. The production planning process involves forecasting demand, setting production goals, determining the resources needed to meet those goals, and developing a schedule to complete the work. The scheduling process involves assigning tasks to specific resources, setting timelines, and coordinating activities to ensure smooth and efficient operations. The other options - inspections, storages, and transportation - are important activities in the overall production process, but are not directly related to production planning and scheduling.
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real gdp (dollars) consumption expenditure (dollars) investment (dollars) government expenditure (dollars) 3,000 2,500 500 500 4,000 3,250 500 500 5,000 4,000 500 500 6,000 4,750 500 500 7,000 5,500 500 500 8,000 6,250 500 500 in the above table, there are no taxes and no imports or exports. suppose that investment increases from $500 to $750 at each level of real gdp. after the increase, what is the level of planned expenditure when real gdp equals $5,000? group of answer choices $5,000 $5,250 $1,000 $250
After the increase, the level of planned expenditure when real GDP equals $5,000 is $5,250.
What is Planned Expenditure? The planned expenditure refers to the amount of expenditure on final goods and services that firms, households, and the government are willing to purchase at a given price level. The planned expenditure can be expressed as the sum of Consumption, Investment, Government expenditure, and net exports. That is, PE = C + I + G + NX. Where, C = consumption I = investment G = government expenditure NX = net exports.
Calculation of Planned Expenditure: Here is the table given, where it is known that investment increases from $500 to $750 at each level of real GDP. Different variables are given in the table which is as follows: Real GDP (dollars)Consumption expenditure (dollars)Investment (dollars)Government expenditure (dollars)30002500500500400032505005000500040005005000500047505005000550050050080006250500750To calculate the planned expenditure, we need to use the formula which is given above, PE = C + I + G + NX. Here, there are no taxes and no imports or exports.
So, the value of net exports is zero. Therefore, PE = C + I + G Planned Expenditure at real GDP $5000 = C + I + G Substituting the given values from the table, PE at real GDP $5000 = 4000 + 750 + 500 = 5250Thus, after the increase, the level of planned expenditure when real GDP equals $5,000 is $5,250.
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a firm just paid $4.80 per share in dividends and the dividend is expected to grow at 3.2% a year in the future. estimate the value of the stock if its equity cost of capital is 10.6%?
If the equity cost of capital is 10.6% and the dividend is projected to increase by 3.2% annually in the future, the estimated value of the stock is $64.86 per share.
To estimate the value of the stock, we can use the Gordon Growth Model, which is commonly used to value stocks with a constant growth rate in dividends.
The formula for the Gordon Growth Model is:
Value of Stock = Dividend per Share / (Cost of Equity Capital - Dividend Growth Rate)
Using the given information, we have:
Dividend per Share = $4.80
Dividend Growth Rate = 3.2%
Cost of Equity Capital = 10.6%
Plugging these values into the formula, we get:
Value of Stock = $4.80 / (0.106 - 0.032)
Value of Stock = $4.80 / 0.074
Value of Stock = $64.86
Therefore, the estimated value of the stock is $64.86 per share if its equity cost of capital is 10.6% and the dividend is expected to grow at 3.2% a year in the future.
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on october 1, 2024, green corporation loans one of its employees $26,000 and accepts a 12-month, 8% note receivable. calculate the amount of interest revenue green will recognize in 2024 and 2025.
The interest revenue Green will recognize in 2024 is $2,080 and in 2025 is is $1,040.
Interest income is the income a bank or other financial institution generates from its custody services, known as interest. Interest income is the income that a company or individual earns from the amount deposited in a bank.
On October 1, 2024, Green Corporation loans one of its employees $26,000 and accepts a 12-month, 8% note receivable. The interest revenue Green will recognize in 2024 is $2,080 ($26,000 x 8% x 10/12 months). The interest revenue Green will recognize in 2025 is $1,040 ($26,000 x 8% x 2/12 months).
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angela wanted to rent an apartment, so her landlord required her to sign a lease. the lease is a legal document that defines the conditions of her rental agreement. group startstrue or falsetrue, selectedfalse, unselected
Angela wanted to rent an apartment, so her landlord required her to sign a lease. The lease is a legal document that defines the conditions of her rental agreement. The statement is true.
What is a lease?A lease is a legal contract between a tenant and a landlord that defines the conditions of a rental agreement. The lease contains important details such as the lease term, rent amount, security deposit, late fee, and other specifics, and both the tenant and the landlord must sign it to make it legally binding.
The lease outlines the terms of the agreement, including what the tenant can and cannot do, the length of the rental period, how much rent is due and when it is due, what happens if the tenant is late with rent, and what happens if the tenant violates the terms of the agreement.
The lease is an important document because it sets out the rights and obligations of both the landlord and the tenant, and it can be used as evidence in court if necessary. So, in the case of Angela, the landlord was correct in requiring her to sign a lease since it is a legally binding document that protects both parties.
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at the beginning of the period, the cutting department budgeted direct labor of $133,000, direct materials of $160,000 and fixed factory overhead of $12,600 for 7,700 hours of production. the department actually completed 11,700 hours of production. the appropriate total budget for the department, assuming it uses flexible budgeting, is
$508,719 is the total budget for the department including the direct labor, assuming it uses flexible budgeting.
To calculate the total budget for the department using flexible budgeting, the following steps should be taken:
1: Calculate the standard variable overhead rate.
Period budgeted direct labor costs = $133,000
Total hours budgeted for production = 7,700 hours
Standard variable overhead rate = Budgeted Direct Labor Costs / Total Hours Budgeted for Production
Standard Variable Overhead Rate = $133,000 / 7,700 hours
Standard Variable Overhead Rate = $17.27 per direct labor hour
2: Calculate the flexible budget for total variable overhead.
Variable overhead flexible budget = Standard Variable Overhead Rate x Total Hours Actually Worked
Variable overhead flexible budget = $17.27 per direct labor hour x 11,700 hours
Variable overhead flexible budget = $202,119
3: Calculate the total budget.
Total budget = Direct materials budgeted + Direct labor budgeted + Fixed factory overhead budgeted + Variable overhead flexible budgeted
Total budget = $160,000 + $133,000 + $12,600 + $202,119
Total budget = $508,719
Therefore, the total budget for the department, assuming it uses flexible budgeting, is $508,719.
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an expert on car depreciation determines that a certain car that costs $35,000 new will immediately depreciate by $12,000 once its driven off the lot. after that, for the first 50,000 miles, the car will depreciate approximately $0.15 per mile driven. for every mile after that, it will depreciate by $0.10 per mile driven until the car reaches its scrap value. how much would this car be worth after being driven 92,000 miles? answer sat
After 92000 miles the value of the car will be $11,300.
To calculate the depreciation of the car, we need to consider two stages: the initial depreciation when the car is driven off the lot, and the ongoing depreciation based on the number of miles driven.
Initial Depreciation:
The car depreciates $12,000 as soon as it is driven off the lot, so its value after that is:
$35,000 - $12,000 = $23,000
Ongoing Depreciation:
For the first 50,000 miles, the car depreciates $0.15 per mile driven. So, the total depreciation during this period would be:
$0.15 x 50,000 = $7,500
Therefore, the value of the car after 50,000 miles would be:
$23,000 - $7,500 = $15,500
For every mile driven after 50,000 miles, the car will depreciate by $0.10 per mile. So, the total depreciation from 50,001 miles to 92,000 miles would be:
($0.10 x (92,000 - 50,000)) = $4,200
Therefore, the value of the car after being driven 92,000 miles would be:
$15,500 - $4,200 = $11,300
So, the car would be worth $11,300 after being driven 92,000 miles.
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What should human resource management do to prevent sexual harassment in the workplace?
Select the 3 answer options that apply.
Have a policy in place with consequences
Dismiss complaints when pointed at upper management
Execute the response plan for every complaint
Provide training on workplace expectations of conduct
Human resource management can prevent sexual harassment in the workplace by having a policy in place with consequences, executing the response plan for every complaint, and providing training on workplace expectations of conduct.
These measures can create a safe and healthy work environment, reduce incidents of sexual harassment, and protect the victims. The three options that apply to prevent sexual harassment in the workplace are:
Have a policy in place with consequences: An effective way to prevent sexual harassment in the workplace is to have a clear and comprehensive policy in place that outlines prohibited behaviors, reporting procedures, and consequences for violating the policy. The policy should be communicated to all employees, and training should be provided on the policy's contents.Execute the response plan for every complaint: Once a complaint is made, it is crucial to investigate it promptly and thoroughly, and take appropriate action based on the findings. This action should be in line with the policy's consequences and aim to protect the victim while preventing any future harassment.Provide training on workplace expectations of conduct: Prevention is better than cure, and providing training on workplace expectations of conduct can help employees understand the boundaries and consequences of their actions. Training can be in the form of workshops, seminars, or online courses and should be mandatory for all employees. It is essential to educate employees on what constitutes sexual harassment and how it can be prevented, as well as the importance of reporting any inappropriate behavior.Learn more about sexual harassment here:
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sunk costs: affect economic profit. are the losses associated with failed business ventures. are the same as marginal costs. are an important component of marginal analysis.
Sunk costs are costs that have already been incurred and cannot be recovered or altered. They are the losses associated with failed business ventures or past decisions. These costs are important to consider in economic analysis.
Sunk costs differ from marginal costs, which are the additional costs incurred when producing one more unit of a good or service. Marginal costs are relevant in marginal analysis, as they help businesses determine optimal production levels and pricing strategies.
Although sunk costs are not a part of marginal analysis, understanding them is essential for businesses to make informed decisions. It is crucial for companies to avoid the sunk cost fallacy, which occurs when a decision-maker continues to invest in a project or venture based.
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Which question should be answered by a business plan
A business plan should answer several key questions related to the creation and operation of a business.
Some of the most important questions that a business plan should address:What is the purpose and mission of the business?
Who is the target market for the business and how will it be reached?
What products or services will be offered by the business?
What are the unique features or competitive advantages of the business?
How will the business be structured and managed?
What are the financial projections and funding requirements for the business?
What are the risks and challenges that the business may face, and how will they be addressed?
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your hr department reports that 12% of your 35,000 employees will be retiring in the next 10 years. the average annual compensation for those retiring employees is projected at $52,550 per employee. if you were to plan on creating efficiencies in operations over those 10 years and not replace any of those retiring employees, what would be your labor cost savings in year 11?
The labor cost savings in year 11 would be $6,183,500
Given data, Percentage of employees that will retire in the next 10 years = 12%, Total number of employees = 35,000, Annual Compensation per retiring employee = $52,550. To calculate the savings, first we need to calculate the number of employees who will retire. Number of employees who will retire = (12/100) × 35,000= 4,200.
Retirement Cost per year = Annual compensation per retiring employee × Number of employees who will retire= $52,550 × 4,200= $220,710,000. The retirement cost over 10 years = $220,710,000 × 10= $2,207,100,000.
Over those 10 years, if we plan on creating efficiencies in operations and not replace any of those retiring employees, then there will be cost savings that can be calculated as follows: Average Compensation per employee = $52,550. Savings per employee = Average Compensation per employee per year= $52,550.
Total number of employees who are going to retire = 4,200Total years over which the savings will occur = 10The total savings over 10 years = 10 × Savings per employee × Number of employees= 10 × $52,550 × 4,200= $2,205,900,000.
The labor cost savings in year 11 will be the difference between the retirement cost over 10 years and the total savings over 10 years= $2,207,100,000 - $2,205,900,000= $1,200,000. Hence, the labor cost savings in year 11 would be $1,200,000.
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