Complete Question:
Options:
a) labor of employees working directly on the product
b) labor of the maintenance employees
c) labor of the clerical staff
Answer:
Indirect labor includes:
b) labor of the maintenance employees
c) labor of the clerical staff (factory)
Explanation:
Indirect labor is the cost of labor for all those who contribute to the production of a product, but indirectly. These include the labor costs of equipment and factory maintenance employees, factory clerical staff, supervisors, and managers, product inspectors and quality controllers, etc. The determining factor is the level of involvement: direct or indirect or outside production. If it is direct or outside production, it is not part of indirect labor.
Answer:
$59,000
Explanation:
We will first determine the variable cost per unit
= $24,000/300
= $80
Contribution margin percentage =
$280 - ($80 - $1.10)/$280
= 0.72
= 72%
New break even point = $18,000/72%
= 25,000
Old break even point =
($280 - $80)/280
= 0.71
= 71%
= $18,000/71%
= $25,352
Margin of safety = $84,000 - $25,000
= $59,000
Answer:
D. private property rights must be allocated and defended by government.
Explanation:
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.
Hence, for a market to exist, private property rights must be allocated and defended by government.
This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy.
<u>Licensing offers the lowest level of control for the domestic corporation</u> because the licensee is typically an independent entity that is not under the direct control of the licensor.
<h3>Licensing as an Entry Strategy into International Operations</h3>
- <u>The form of entry strategy into international operations that offers the lowest level of control for the domestic corporation would be:</u> Licensing.
<u>The </u><u>licensor</u> may have some influence over the licensee's operations, but this influence is typically limited to matters such as quality control and adherence to the terms of the license agreement.
The main advantage of licensing as an <u>entry strategy</u> is that it requires relatively little investment on the part of the licensor. The licensor typically only needs to provide the licensee with the necessary technology or <u>know-how</u>, and does not need to establish a new physical presence in the foreign market. This can be a <em>significant advantage</em> for companies that are seeking to enter foreign markets quickly and with limited resources.
Learn more about Licensing: brainly.com/question/18611420
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