a sworn statement and written legal document that is under the oath of law typically used to show a court proof of employment
Answer: employees want the extra money more than they want to work at a pace that feels comfortable
Explanation:
A standard hour plan is based on the units that employees produce and once that unit is met, a set hourly wage is paid to the employees and an incentive can be given once the standard number of hours is exceeded.
It should be noted that a standard hour incentive plan is likely to be successful if employees want the extra money more than they want to work at a pace that feels comfortable. This will motivate them to work for extra hours since they want the extra money.
Answer: $1,996,440
Explanation:
From the information that have been provided in the question, the following can be used to solve the question further:
Direct materials will be:
= 381,000 × $1.80
= $685,800
Conversion will be:
= 381,000 × $3.44
= $1,310,640
The amount that should be reported in Finished Goods Inventory will be:
= $685,800 + $1,310,640
= $1,996,440
Answer:
The labeling machine option is the best decision as it would increase the profit to 1 million dollars and the ROI to 40% and if the life span of the machine is extended, an increased profit of 200 thousand dollars would be made, but the fast-food chain would be more profitable in the long run if the contract is extended.
Explanation:
The Humble Pies is a bakery company co-owned by two friends Linda and Taylor. After a while in the business, they had two options to either sign a contract with the fast-food with a 3-year contract to purchase a packaging machinery and a supply of 2,200,000 pies at $1.50 per pie or purchase a labeling machine which would reduce the cost of labor and provide a monthly profit of $13,000.
The former in the long run (if the contract is extended) would be profitable to Humble pies, but the labeling machine option is the best decision of a short-term investment.