Answer and Explanation:
The computation of the number of equivalent units for direct material and conversion cost is shown below:
For materials
= units started and completed × completion percentage + ending work in process inventory × completion percentage
= (24,400 - 1,160) × 100% + 1,280 units × 100%
= 23,240 units + 1,280 units
= 24,520 units
For conversion
= Opening work in process inventory × remaining percentage + units started and completed × completion percentage + ending work in process inventory × completion percentage
= 1,160 units × 70% + (24,400 - 1,160) × 100% + 1,280 units × 60%
= 812 units + 23,240 units + 768 units
= 24,820 units
Answer:
4.500
Explanation:
According with the information say that the $120.000 correspond to overhead to the rate of 75% of direct labor force, so you have to calculate the portion that is directed to the direct labor cost:
Direct labor cost: $120.000 * 75%
Direct labor cost: $ 90.000
Now you know that the average wages per hour of the direct labor force is $20. Now you have to divide the direct labor cost by the average salary per hour to calculate the number of hours worked in June.
Number of hours = $ 90.000/$20
Number of hours = 4.500
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause the labor force participation rate to decrease.
Let's imagine that the government employs a convincing advertising campaign to persuade those with high school diplomas to quit their jobs and devote their full time to attending college. As a result, the rate of labor force participation would decrease.
The labor force participation rate provides an estimate of the size of the labor force in an economy. The percentage of the working-age, non-institutionalized population, aged 16 and over, that is employed or actively seeking employment is used in the calculation. When paired with the unemployment rates, it can help put the state of the economy in some sort of context.
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A <u>customer </u>orientation refers to the process of determining the wants and needs of buyers and then providing goods and services to meet or exceed their expectations.
Customer orientation is a commercial enterprise approach that places the wishes of the client over the desires of the commercial enterprise.
Customer-oriented groups keep in mind that the enterprise won't thrive until it constantly improves customer recognition. it's a way of questioning that aligns your commercial enterprise dreams along with your client's goals.
The purchaser marketplace consists of all of the individuals or households that need goods and services for private consumption or use and features the assets to shop for them.
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It is an elastic good and to increase the revenue, the producer should decrease the price of the good.
<u>Explanation:</u>
The good that has a price elasticity of demand with a coefficient of 1.6, the good is said to have elastic demand. For such a good, the producer should decrease the price of that good to increase its revenue. With the decrease in the price, the demand of the good will increase significantly. This will help him increase his revenue.
