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expeople1 [14]
2 years ago
13

Specialization in a particular small job allows workers to focus on the parts of the production process where they have a(n) ___

_______________.
Business
1 answer:
11111nata11111 [884]2 years ago
4 0

Specialization in a particular small job allows workers to focus on the parts of the production process where they have an <u>advantage</u>.

<h3>What does specialization entail?</h3>

When workers specialize in a small job, they would be focusing on the parts of production where they have an advantage thanks to their skill or experience.

For instance, when a worker specializes in welding parts of a vehicle because they are good at it, they are specializing.

Find out more on specialization at brainly.com/question/24448534

#SPJ1

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ECON Good morning can someone answer this ASAP
omeli [17]

Answer:

D

Explanation:

3 0
3 years ago
Read 2 more answers
Bluegill Company sells 7,500 units at $320 per unit. Fixed costs are $120,000 and income from operations is $1,560,000. Determin
Debora [2.8K]

Answer:

a) $96 per unit

b) $224 per unit

c) 70%

Explanation:

We will have to compute variable cost and contribution margin

Sales $2,400,000

7,500 × 320

Less; Variable cost $720,000

Contribution margin $1,680,000

Less : Fixed cost $120,000

Operating income. $1,560,000

a) Variable cost per unit

= Total variable cost ÷ Total number of units

= $720,000 ÷ 7,500 units

= $96 per unit

b) Unit contribution margin

= Selling price per unit - Variable cost per unit

= $320 - $96

= $224

c) Contribution margin ratio

= (Selling price per unit - Variable cost per unit) ÷ Selling price per unit × 100

= ($320 - $96) ÷ $320 × 100

= $224 ÷ 320 × 100

= 70%

7 0
3 years ago
Goodman Company's inventory records show the following data: Units 5,000 4,500 3,000 Unit Cost $9.00 8.20 7.00 Inventory, Januar
balu736 [363]

Answer:

A. 3000 units x $7 = $21000

Explanation:

FIFO (First-In-First-Out) is a method of inventory valuation where the stock that is purchased first is used first. In other words, the oldest stock is used first. This is common for perishable items which if not used up fast, will be wasted.

Jan 01 - Beginning inventory : 5000 units x $9 = $45000

Jun 18 - Purchases : 4500 units x $8.20 = $36900

Nov 08 - Purchases : 3000 units x $7 = $21000

Total inventory = 5000 + 4500 + 3000 = 12,500 units

Ending inventory = 3,000 units

Hence, inventory sold = 9,500 units

The cost of goods sold using FIFO:

5000 units x $9 = $45000

4500 units x $8.20 = $36900

COGS = $45000 + $36900 = $81900 (9500 units)

Ending inventory :

3000 units x $7 = $21000 (3000 units)

8 0
3 years ago
Three contractors (call them a, b, and
patriot [66]

Answer:  The probabilities of winning a contract are

P(A) = \frac{28}{36}  

P(B) = \frac{7}{36}  

P(C) = \frac{1}{36}


Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X'     and

Probability of A winning the contract - P(A) will be \mathbf{P(A) = 4 * P(B) = 4*7X = 28X}

Since the total of all the probabilities is 1,

\mathbf{P(A) + P(B) + P(C) =1}

\mathbf{28X + 7X + X =1}

\mathbf{36X =1}

\mathbf{X =\frac{1}{36}}

So,

P(A) = \frac{28}{36}

P(B) = \frac{7}{36}

P(C) = \frac{1}{36}

4 0
3 years ago
There will be a lower equilibrium price and quantity if
denis23 [38]

Answer: demand decreases and supply stays the same

Explanation:

The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.

On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.

It should be noted that there will be a lower equilibrium price and quantity if

In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.

8 0
3 years ago
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