Answer:
d) $6,000, -$6,000
Explanation:
Accounting profit = total revenue - explicit costs
=6000 x 2.5-9000 = $6000
Economic profit = accounting profit - interest on capital invested
=6000 - 400000 x 0.03
=$-6000
Answer:
1. Calculation of the Cost of the Tramel Job
Particulars Amount
Direct material cost $2,300
Direct labor cost $500
Overhead applied <u>$650 (</u>500*130)
Total cost of job <u>$3,450</u>
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2. Particulars Debit Credit
Overhead Cost $1,300
To materials $800
To Labour $500
3. The Cost of the Tramel Job will not be affected
<span>New managers are often surprised to find that things like supply chain problems, customers and meetings take up most of their time. Rather than the vision they have upon being promototwd of spending their time leading a team. This can often lead to an adjustment period where a recently hired manager will need to learn to better divide their time between focusing on the clerical process and customers while also keeping a balance where employees are managed.</span>
Answer:
594 units
Explanation:
We must apply the logistics growth model, since applying linear or exponential growth will result in numbers which are much higher than the total production capacity of this facility. When we use the logistics growth model, the growth rate decreases as the resource limit approaches.
f(x) = c / (1 + ae⁻ᵇˣ)
initial value = c / (1 + a) = 240
600 = 240 + 240a
360 = 240a
a = 1.5
b = growth rate = (360 - 240) / 240 = 0.5
x = 5
e = 2.71828
f(x) = 600 / [1 + [1.5 x (2.71828⁻⁵) = 600 / 1.010106954 = 593.9965 = 594 units
