Answer:
A. specialization.
Explanation:
Specialization refers to dividing the job in different tasks and assigning a person to perform each one which makes that each person becomes an expert in the specific area. This could help to increase productivity, especially in manufacturing. This is the process the Miller family uses because they have divided the tasks and assigned each of them to a person.
Answer:
190
$60
Explanation:
Equilibrium price is the price at which quantity demanded equals quantity supplied
Equilibrium quantity is the quantity at which quantity demanded equals quantity supplied
Let x = change in quantity supplied
the following equations can be derived from the question
165 + 5x = total change in quantity supplied
240 - 10x = total change in quantity demanded
At equilibrium, quantity demanded equals quantity supplied. So,
165 + 5x = 240 - 10x
collect like terms and solve for x
15x = 75
x = 5
this means that quantity supplied would have to increase 5 times : 165 + 5(5) = 190
and quantity demanded would have to decrease 5 times : 240 + 10(5) = 190
equilibrium quantity is 190
equilibrium price = $55 + 1(5) = $60
D all of the above this is correct because she would learn and derive information from all these sources.
Answer:
B. $9.50 per direct labor hour
Explanation:
Expected labor hours (EL) = 8000
Actual labor hours (AL) = 8300
Labor price variance (LV) = $4150 unfavorable
Standard rate (r) = $9 per hour
The expected labor price (LP) is given by
Since thre is an unfavorable labor price variance, the actual labor price (ALP) is:
The actual rate of pay is:
The actual rate of pay for direct labor is $9.50 per direct labor hour.
Answer:
$164,200
Explanation:
Given that,
After all closing entries are made,
Net income = $101,200
Retained earnings = $98,000
Dividends = $35,000
Therefore,
Balance of retained earnings:
= Retained earnings + Net income - Dividends
= $98,000 + $101,200 - $35,000
= $164,200
Hence, the balance in the Retained earnings account is $164,200.
