Answer:
<u>Night Lights $ per unit 2.13</u>
<u>Desk Lamps $ per unit 8.50</u>
Explanation:
Determine total number of budgeted direct labour hours for the year
total number of budgeted direct labor hours for the year is calculated
= night lamp labor hours + desk lamp labor hours
= ( 60000 * 1/2 ) + ( 80000 * 2 )
= 30000 + 160000
= 190000
calculated the single plant wide factory overhead rate
factory overhead rate = total factory overhead / total number of budgeted unit
= 807500 / 190000
= 4.25 per labour hour
calculate factory overhead cost per each unit
night lamp = 4.25 * 1/2
= 2.13 per unit
desk lamp = 4.25 * 2
= 8.50 per unit
Answer:
B. negative, positive
Explanation:
Substitution effect : Price rise of a good makes it relatively expensive, decreases its demand. Price fall of a good makes it relatively cheap, increases its demand.
So: Substitution Effect is always negative as per above explanation.
Income Effect : Price rise of a good decreases real income/ real purchasing power of consumer & reduces demand of all goods. Price fall increases real purchasing power & increases demand of all goods.
Income effect is positive in case of Normal Goods, normal good demand is positively related to income. The effect is negative in case of inferior goods, inferior good demand is negatively related to income.
Hence: Price rise of rice - Substitution effect results in negative change in rice consumption. {∵substitution effect always negative}
Income Effect leads to positive change in rice consumption {∵price rise reduces real income & income effect is negative for inferior goods}
Answer:
A lot of information is missing, but the answer is the same whether we are told about a specific case or not. If the US Supreme Court decided on a similar case that is under trial in Nebraska, the Nebraska court must follow the decision and guidelines of the US Supreme Court.
The Supreme Court is the highest court in the US, and its decisions must be followed by all lower courts. If a lower court doesn't follow a Supreme Court decision on a similar case, then an appellate court would reverse the decision.
The Supreme Court does not create laws, but it decides on how they should be enforced.
Answer:
People
Explanation:
People is the component of the marketing mix that deals with what the customer wants and how to effectively tailor products to meet those needs
It gives rise to segmentation of customers based on their preferences. Customers within a given segment are effectively catered for by because the company has an understanding of how to satisfy them.
In this scenario we want to find the major benefits people look for in the packaged goods market, the kinds of people who look for each benefit, and the major brands that deliver each benefit.
Answer:
variable costs
manufacturing supplies =$14000
production supervisor wages=$135,000
power and light=$48000
production control wages=$32000
materials management wages=$39000
total=$268000
fixed costs
factory insurance =$30000
factory depreciation =$22000
<u>Total= $52000</u>
