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3 years ago

12

Macroeconomics is the branch of economic theory that deals with behavior and decision making by small units such as individuals

and firms.
Question 13 options:
True
False

2 answers:

Evgen [1.6K]3 years ago

8 0

Answer:

TRUE or option a

Explanation:

Hope this helped

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romanna [79]3 years ago

4 0

Answer:true

Explanation:

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Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor

Damm [24]

Answer:

Labor productivity in units per labor hour for Deluxe car = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 0.24 per hour

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = $128.69

Explanation:

Note: This question is not complete and its data are merged together. The complete question with the sorted data is therefore provided before answering the question as follows:

Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below.

QUANTITY $/UNIT

Deluxe car 3,655 units sold $7,700/car

Limited car 5,850 units sold $9,200/car

Labor, Deluxe 19,000 hours $15/hour

Labor, Limited 24,600 hours $17/hour

What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.)

The explanation of the answers is now provided as follows:

For each type of car, the following formulae can be used:

Labor productivity in units per labor hour = Units sold / Labor hours ……. (1)

Labor productivity in dollar of output per dollar of labor expense = (Units sold * Price per car) / (Labor hours / Labor rate per hour) ……………. (2)

Using equation (1), we have:

Labor productivity in units per labor hour for Deluxe car = 3,655 / 19,000 = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 5,850 / 24,600 = 0.24 per hour

Using equation (2), we have:

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = (3,655 * $7,700) / (19,000 * $15) = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = (5,850 * $9,200) / (24,600 * $17) = $128.69

These can be translated into a table as follows:

Labor Productivity

Units/hour Dollars

Deluxe Car 0.19/hour $98.75

Limited Car 0.24/hour $128.69

5 0

3 years ago

Information technology has been used to improve both internaland external access and sharing of information. Three main kinds of

Mashcka [7]

Answer:

1. Executive Information System (EIS).

2. Corporate Portal.

3. Intranet.

Explanation:

Information technology (IT) can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

An information technology (IT) interacts with its environment by receiving data in its raw forms and information in a usable format.

Information technology (IT) has significantly helped to improve both internal and external access and sharing of information between two or more business firms and individuals. Basically, there are three (3) main kinds of information technology (IT) which allow informations to be accessed and shared internally among employees; executive information systems (EIS), intranets, and portals.

1. Executive Information System (EIS): it assist managers working in an organization to monitor and analyze organizational performance. An Executive information system is also referred to as an Executive support system and it can be defined as a management support system that enhances and supports all of the senior executive information and decision-making process.

2. Corporate Portal: it's a hybrid system that uses a web address (uniform resource locator-URL) to give employees access to customized information and specialized transactions with respect to an organization.

3. Intranet: it's an internal company network which is private and provides employees with easy access to information.

8 0

3 years ago

select the correct answer. which type of work would include providing advice to managers on how to reduce the organization’s cos

notka56 [123]

H.R manager includes providing advice to managers on how to reduce the organization’s costs.

An HR manager is a member of staff who oversees all activities related to hiring and selection, training and development, employee relations, and salary and benefits for the company.

Therefore, the HR manager would advise management on how to lower the costs of the company, particularly in areas like compensation and benefits, training, and development.

Managers of human resources plan, organize and oversee an organization's administrative operations. They supervise the hiring, interviewing, and onboarding of new employees, assist chief executives with strategic planning and act as a liaison between management and personnel in a business.

Learn more about HR Managers here:

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7 0

2 years ago

During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on ac

scoundrel [369]

Answer and Explanation:

The journal entries are shown below:

a. Raw material inventory $17,500

To Account payable $17,500

(Being raw material inventory purchased on account)

b. Factory labor $39,900

To Factory wages payable $30,800

To Employer payroll tax payable $9,100

(Being factory labor is recorded)

c. Factory Overhead $16,170

To Factory Utilities payable $3,500

To Prepaid Factory property taxes $2,770

To Accumulated Depreciation $9,900

(Being Manufacturing costs is recorded)

6 0

3 years ago

Yo-Down Inc. produces yogurt. Information related to the company’s yogurt production follows:

kap26 [50]

Answer:

Yo.Down Inc.

Determination of Support Department 1 costs to be allocated to each production department:

Production Production Production

Department 1 Department 2 Department 3

Support Department 1 $96,000 $6,000 $18,000

Explanation:

a) Cost allocation of Support Department 1:

1) Rate of allocation = Total Support Department 1's costs divided by the total of the cost drivers

= $120,000/2000 = $60 per cost driver

2) Production Department 1 = $60 x 1,600 = $96,000

Production Department 2 = $60 x 100 = $6,000

Production Department 3 = $60 x 300 = $18,000

3) The direct method is one of the three methods for allocating support or service department costs to the production departments in order to ensure the full inclusion of overhead costs in the production costs. As the name goes, the costs of service departments are allocated to only production departments individually. This method is not like the step method of cost allocation where the costs of service departments are allocated to other service departments, starting with the department with the highest costs, followed by the next, until all the costs of service departments are allocated to production. However, no service department whose total costs have been allocated will be allocated any costs. The last method of cost allocation is the reciprocal method, which is a more complicated method that produces more accurate results, by using equations to establish relationships between the departments.

3 0

3 years ago