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2 years ago

In post-trade equilibrium with = = $20, the wage of workers in relative to the wage of workers in will be equal to:__________

1 answer:

4 0

If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.

A wage is known to be a kind of payment that is said to be paid by an employer to their employee for the work that they have done in a given amount of time.

Note that from the question;

aLW = 5 hours per gallon

a*LC = 2 hours per pound

SO to find the wage = 5/2

= 2.5

Therefore, If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.

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aLC = 6 hours per pound

aLW = 5 hours per gallon

a*LC = 2 hours per pound

a*LW = 6 hours per gallon

In post-trade equilibrium with Pc = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to:

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Part 1.

Plantwide overhead rate for Laval using direct labor hours as a base. is $1.60 per Direct Labor Hour

Part 2.

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Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

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Direct labor:

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Direct Labor Hrs 210000 290000 500000

Overhead Rate 1.60

Part 2. Total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate

Direct materials ($270000/21000) 12.86

Direct labor:

Fabricating department(6500/21000×$29) 8.98

Assembly department(15200/21000×$26) 18.82

Overheads:

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Assembly department (290000/21000×$1.60) 22.10

Total manufacturing cost per unit 78.76

Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Part 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

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