Based on the labor cost, and output of the process, the multifactor productivity for the week is 3.06.
<h3>What is the multifactor productivity for Week 1?</h3>
This can be found by the formula:
= Cost in week 1 / Value of output in week 1
Cost in week 1:
= Labor + Material + Overheads
= 12,195 + 21,392 + 8,546
= $42,133
Value of product:
= 110 x 1,173 units
= $129,030
Multifactor productivity is:
= 129,030 / 42,133
= 3.06
Find out more on multifactor productivity at brainly.com/question/17550779.
Answer:
C. Limited ability to manage and coordinate larger amounts of inputs.
Explanation:
Diseconomies of scale: It is a situation when the average cost of production decreases as the output increases due to increase in the size of the organization and it become difficult and costly to coordinate or manage worker or other inputs. It also causes diminishing marginal product in the long run. It is opposite of economies of scale. Diseconomies arise due to use of unskilled laborer and outdated technologies for production.
Answer:
Check the explanation
Explanation:
The journal entry:
Date Particulars Amount DR Amount CR
31 Jan 2020 Notes Acc Dr. $300000
To Customer $30000
( Being Zero interest Notes
Accepting from customer.)
31. Dec 2020 Customer A/cc Dr. $19250
To Interest acc $19250
( Being Interest on notes 300000 at 7% 11 month.)
Interest A/cc DR. $19250
To Profit & Loss $19250
( Being Transfer to Profit & loss Account)
Answer:
Explanation:
Based on the scenario being described within the question it can be said that this situation can be best explained to George by stating that his compa-ratio shows that he is at the top of his pay range and that he is already earning above the market midpoint set in his pay grade. Therefore there is a so called "ceiling" to how much he can be paid in his current position.
Answer:
Excluded when calculating GDP because they do not reflect current production.
Explanation:
Transfer payments such as medicare, social security, medicaid, unemployment benefits, and other welfare programs are not calculated in GDP because they do not represent government purchases of goods and services, or in other words, they do not reflect goods and services currently produced and purchased.
They are instead, resources that the government takes either in the form of taxes, debt, or money supply, and allocates, or transfers, to specific recipients.
