Answer:
Direct Labor Hours Budget 8250
Direct Labor Costs Budget $ 57750
Factory Overhead Budget $ 614250
Explanation:
<em>We multiply the direct labor hours per unit to the number of units to get the total direct labor hours which are again multiplied with the direct labor cost per hour to get the total direct labor costs.</em>
Addison Co.
Direct Labor Budget
Quarter II
Production units 2750
<u>Direct Labor per unit 3 </u>
Direct Labor Hours 8250
<u>Direct Labor Cost / Hr $7 </u>
Direct Labor Costs $ 57750
We multiply the direct labor costs with variable overhead per hour to get the variable costs which are added to the fixed costs per quarter to get the total factory overhead budget.
Addison Co.
Factory Overhead Budget
Quarter II
Direct Labor Hours 8250
<u>Variable OH / Hr $ 9 </u>
Variable Overheads $ 74250
<u>+Fixed Overheads $ 540,000</u>
Factory Overhead Budget $ 614250
Answer:
$120
<u>Explanation</u>:
Yes Person B must be willing to pay an amount that would cover the marginal cost of the product.
Remember, the marginal cost is the cost per unit of a product not the sales cost. Therefore, the total value paid should cover the marginal cost.
Answer:
Customers will less likely agree to pay high price for an experience good
Explanation:
Once a firms reputation is ruined or tarnished, a great number of customers will naturally lose trust as regards products from that firm. Most customer would not want to gamble with their money even with the slight increase in interests rates, it is expected that a firm should always deliver quality product on a consistent basis. Inconsistency in product quality will lead to a reduction in customer trust and overtime, customer base in general.
Answer:
D
Explanation:
The Community Development Financial Institutions Fund (CDFI Fund) plays a major role in causing economic growth and solutions in some of the nation’s most distressed communities. They offer tailored resources and creative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities.
Financing busineese, creating jobs building homes is a critical step in the transformation of a life, a family, and a community. This is real change. This is what the CDFI Fund does to the community.