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1 year ago

First developed because of technological advances in human societies that created surplus resources.

1 answer:

6 0

Social first developed because of technological advances in human societies that created surplus resources. deviance is the kind of deviance that societies do not sanction using laws.

<h3>What is surplus resources?</h3>

Surplus is the amount of an asset or resource that exceeds the amount used. To calculate consumer surplus, simply divide the consumer's actual price by the amount they were willing to pay.

When you have more of something than you need or intend to use, you have a surplus. For example, if you cook a meal and there is food left over after everyone has eaten, you have a surplus of food.

A consumer surplus and a producer surplus are both components of an economic surplus. These two types of surplus are distinct, but both represent a specific gain for either the consumer or the producer.

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Multiple Production Department Factory Overhead Rates

Vinil7 [7]

Answer:

total overhead costs for blending department = $342,000

total machine hours blending department = 2,960

overhead rate per machine hour = $342,000 / 2,960 hours = $115.5405405 per machine hour

total overhead costs for packaging department = $324,000

total direct labor hours packaging department = 800

overhead rate per direct labor hour = $324,000 / 800 hours = $405 per machine hour

product blending department packaging department

Whole milk 1,210 x $115.54 = $139,804 260 x $405 = $105,300

Skim milk 980 x $115.54 = $113,230 280 x $405 = $113,400

Cream 770 x $115.54 = $88,966 260 x $405 = $105,300

total $342,000 $324,000

total overhead rate assigned to each product:

product blending dep. packaging dep. total

Whole milk $139,804 $105,300 $245,104

Skim milk $113,230 $113,400 $226,630

Cream $88,966 $105,300 $194,266

total $342,000 $324,000 $666,000

7 0

3 years ago

Department A had no Work-in-Process at the beginning of the period, 1,000 units were completed during the period, 200 units were

statuscvo [17]

Answer:

Materials total cost equal to 2,000 the correct option is C

C. $2,000

Explanation:

Conversion Cost

conversion cost = labor + overhead

CC = 5,000 + 4,400 = 9,400

complete during the period 1,000 units

ending inventory 200 units 50%

Equivalent units:

completed + ending worked portion

1,000 + 200 x 50% = 1,000 + 100 = 1,100

CC equivalent unit cost 9,400/1,100 x 100 = 854.55

Materials

Cost $ 12,000

Equivalent units

completed 1,000

ending 200 at 100%

completed + ending times added portion

1,000 + 200 x 100 % = 1,200

Equivalent unit cost: 12,000 / 1,200 = 10

Ending inventory 200 x 10 = 2,000

5 0

3 years ago

A profit-maximizing firm operates in purely competitive product and resource markets, with the following resource and production

andrew11 [14]

Answer:

b) 5

Explanation:

W TP MP MRP

1 100

2 190 90 900

3 270 80 800

4 340 70 700

5 400 60 600

6 450 50 500

7 490 40 400

8 520 30 300

the marginal product of n labor = (total product of n labor - the total product of p labor)/(n-p)............(n>p)

Marginal revenue product = marginal product*price

the firm employ input up to marginal revenue product equal to the wage

MRP = wage or closest lower wage

where W = 5

the firm will higher 5 workers.

7 0

3 years ago

Read 2 more answers

This is section 3.7 problem 60: a clothing manufacturer has the cost function c(x)=1200+30x+0.5x2 , (in dollars), 0≤ x≤ 250 , wh

viktelen [127]

Answer:

90 suits per week must be produced and sold to achieve the maximum profit of $2,850.

Explanation:

The profit function is given by the revenue function minus the cost function:

$P(x) = R(x) - C(x)\\P(x)=120x -1200-30x-0.5x^2$

The number of suits, x, for which the derivate of the profit funtion is zero, is the production volume that maximizes profit:

$P'(x)=0=120-30-x\\x=90\ suits$

The profit generated by producing 90 suits is:

$P(90)=120*90 -1200-30*90-0.5*90^2\\P(90) = \$2,850$

Therefore, 90 suits per week must be produced and sold to achieve the maximum profit of $2,850.

5 0

3 years ago

The level at which individual is viewed by Society is called

tatiyna

Answer:

The level at which an individual is viewed by society is called Social Status. ... It is the measure of worth or the position that the 'person holds in society'.

Explanation:

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5 0

3 years ago