The term labor quantity defines the quantity of goods and services that can be produced by one worker or by one hour of work. The key factors that determine labor productivity and lead to economic growth are: quantity of capital per hour worked and the level of technology. The better the technology the bigger the productivity.
Answer:
B. Both are subtracted from purchases.
Answer:
Under variable costing, the company's net operating income for the year would be $60,000 lower than under absorption costing.
Explanation:
The computation of the operating income under variable costing is shown below:
But before that following calculations need to be done
Fixed manufacturing overhead per unit is
= $240,000 ÷ 20,000 units
= $12 per unit
Ending Inventory units is
= 20,000 units - 15,000 units
= 5,000 units
Now Cost of ending Inventory deferred under absorption costing is
= 5,000 units × $12
= $60,000
So, the second option is correct
Answer: Jake's job relates to management
Explanation:
Management encompasses many things, which includes over seeing of the day to day activities of the business as it concerns the relevant objectives of the business as a whole
