Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
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Answer:
The marginal revenue product of the second worker is $150.
Explanation:
- This is because when we change from 1 worker to 2 workers, the total product increases by 30 (from 20 when there were 1 worker to 50 when there wew 2 workers).
- The value of this extra product, considering that the price of every T-shirt is $5 (marginal revenue of this product) equals .
- This is additional value in dollars that the company has because incuding an extra employee when it changes from oneto two employees.
Answer:
A The consistency
Explanation:
In business, consistency culture refers to the repeatability of behaviors that your team members tends to do when facing a certain type of situation. The repeatability is caused by the combination of employees' personality, the company's value , and the way they're being trained.
We can see this type of culture when the team is experiencing a problem.
Different organizations might handle their problems differently from one another (some might rely on pre-determined procedures, some might rely on members' creativity, etc) . But the workflow that they choose to handle such problems tend to be really similar and repetitive.
This scenario illustrates that the company is aiming at fulfilling its <u>"discretionary responsibility".</u>
The discretionary responsibilities of companies allude to society's desire that associations be great residents. This may include such things as altruistic help of projects profiting a network or the country. It might likewise include giving worker aptitude and time to admirable motivation.
Discretionary responsibility, it is best depicted by the assets contributed by organizations toward social, instructive, recreational as well as social purposes.
Answer:
WIP 144,000 debit
Factory Overhead 144,000 credit
Explanation:
210,000 labor cost
30,000 indirect labor
180,000 direct labor
<em>The rate is based on direct labor cost, so we use this figure.</em>
180,000 x 80% = 144,000
<em>Remember</em>, the rate is calculate using a given cost driver. So it only this cost driver matters.