Answer:
higher than net income computed under variable costing when units produced are greater than units sold
Explanation:
Absorption costing and variable costing techniques are used to compute the accounting cost of various operation. The calculation procedures of both the techniques are different; that is why the results are different. The net income under absorption costing is higher because it takes into account the indirect expenses and indirect costs. Likewise, absorption costing technique also includes manufacturing or overhead cost.
The whole of a person's skills, knowledge, and other intangibles that can be used to create economic value for that person, their employer, nor their community is known as their human capital.
<h3>
Who or what is the employer?</h3>
A person who employs or places to work is known as an employer. An employer might be a company, institution, government body, agency, company, consulting firm, nonprofit organization, private firms, store, or individual.
<h3>Does 'employer' refer to 'job'?</h3>
The corporation that employs (hired) you and gives (paid) your wage is the employer; you are the employee. So, for instance, if you work at Apple, Apple is the name of your employer. You might even provide the name of the employer who knows you well.
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Answer:
The optimum maintenance crew size is 2 workers.
Explanation:
M/M/1 model for all: -
With one worker: λ= 3 per hour.
µ= 5 per hour.
Average number in system = λ/µ-λ = = 1.5.
- With two workers: λ= 3 per hour µ= 7 per hour.
Average number in system = λ/µ-λ−==0.75.
- With three workers: λ= 3 per hour, µ= 8 per hour.
Average number in system = λ/µ-λ−==0.6.
# workers λ µ (ns) ($25*(ns)) ($4*(no.of workers) Total cost
1 3 5 1.5 37.50 4 $41.50
2 3 7 0.75 18.75 8 $26.75
3 3 8 0.6 15 12 $27.00
The optimum maintenance crew size is 2 workers.
Answer:
* The company’s degree of operating leverage: 1.38;
* The impact on net operating income of a 22% increase in sales: it will increase by 30.4%;
* New contribution format income statement:
Engberg Company
Contribution format income statement
Amount Percentage of sales
Sales $176,900 100%
Variable expenses 70,760 40%
Contribution margin 106,140 60%
Fixed expenses 24,000
Net operating income 82,140
Explanation:
* The company’s degree of operating leverage = Contribution / profit = 87,000/63,000 = 1.38
* The impact on net operating income of a 22% increase in sales is calculated as: Degree of operating leverage x % changes in sales revenue = 1.38 x 22% = 30.4%.
* new contribution format income statement is shown in the answer part.
Answer:
d. Individual consumers, concerned about their own health, decreased their demand for beef, which lowered the equilibrium price of beef, making it less attractive to produce.
Explanation:
One of the factors that affect change in demand is change in consumer preference. The health concern of beef will affect bring about this change in consumer preference and consequently results in less demand for beef. When there is less demand for beef, the price will go down. And as the price goes down, producers will have less incentive to supply more. This behavior is in consonance with law of supply that says the lower the price, the lower the quantity supplied, all things being equal.