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3 years ago

Arbitrators generally do not have to offer reasons for their decisions.

1 answer:

4 0

Yes, arbitrators generally don't have to offer reasons for their decisions, although some people argue against that. Unlike arbitrators, judges in court are required legally to give reasons for their decisions. Arbitrators often based their decisions on compromise.

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After a recent divorce and many years as a stay-at-home mom, Cheryl is entering the workforce. As a single parent with three chi

Vinil7 [7]

Answer:

The correct answer is extrinsic rewards.

Explanation:

The extrinsic rewards are those external to the position, and include promotions, equipment and better facilities for work, opportunity for the social contract with employees, financial rewards such as remuneration and additional benefits (benefits) and receiving recognition from a superior.

Extrinsic rewards are, for example, those distributed by a manager.

8 0

3 years ago

Rapid Enterprises applies manufacturing overhead to its cost objects on the basis of 75% of direct material cost. If Job 17X had

lozanna [386]

Answer:

Direct material cost = $112,000

Explanation:

Pre-determined overhead absorption rate rate = Estimated overhead for the period / estimated direct material cost

Pre-determined overhead absorption rate rate (OAR= 75% of direct material cost

Applied overhead = OAR × direct material cost

Applied overhead = 75% × direct material cost

Let direct material cost be represented by y

84,000= 75% × y

y = 84,000/75%= 112000

Direct material cost = $112,000

5 0

3 years ago

Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs o

Gnesinka [82]

Answer:

Using equation method we have,

Sales - variable cost = Fixed Cost

Let number of units be X, at break even then,

$150 X - ($60 + $18) X = ($480,000 + $240,000)

$150 X - $78 X = $720,000

$72 X = $720,000

X = $720,000/$72 = 10,000 units.

Using contribution income statement

Contribution margin per unit approach = Selling price - Variable cost = Contribution = $150 - $60 - $18 = $72 per unit

Total fixed cost = Fixed Manufacturing cost + Fixed Selling & Administrative

= $480,000 + $240,000 = $720,000

Break Even Point = $\frac{Fixed\ Cost}{Contribution\ Per\ Unit}$

= $\frac{720,000}{72} = 10,000$

Contribution margin Income Statement:

Sales value = $150 $\times$ 10,000 = $1,500,000

Less: Variable Cost

Manufacturing = $60 $\times$ 10,000 = ($600,000)

Selling Expense = $18 $\times$ 10,000 = ($180,000)

Contribution Margin = $720,000

Less: Fixed Cost

Fixed Manufacturing Cost = ($480,000)

Fixed Selling Expense = ($240,000)

Profit = $0

8 0

4 years ago

Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corp

nordsb [41]

Answer:

Gibbs Corporation

1) Fixed cost per unit

= $810

2) ROI per unit

= $4,277

3) Markup percentage = Total cost per unit

= 252-927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup

= $5,960

Explanation:

a) Data and Calculations:

Per Unit Total

Direct materials $410

Direct labor $340

Variable manufacturing overhead $ 75

Fixed manufacturing overhead $1,708,000

Variable selling and administrative expenses $ 56

Fixed selling and administrative expenses $ 560,000

Total variable and fixed costs $881 $2,268,000

ROI = 22% = $11,974,600 ($54,430,000 * 22%)

Invested assets = $54,430,000

Estimated annual production units = 2,800

1) Fixed cost per unit = $810 ($2,268,000/2,800)

2) ROI per unit = $4,277 ($11,974,600/2,800)

3) Markup percentage = Total cost per unit = $4,277/$1,691 * 100 = 252.927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup = $5,960 ($1,691 + $4,277)

8 0

3 years ago

Labor demand is less elastic when: _____________

garri49 [273]

Answer:

The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.

Explanation:

Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.

Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.

8 0

3 years ago