Answer and Explanation:
The computation is shown below:
a. The productivity in terms of sales revenue / labor expense:
Sales revenue = Units sold × sales price
= 1,217 × $1,700
= $2,068,900
Labor expense = Total labor hours × wage rate
= 4,6672 × $12
= $560,064
Now sales revenue to labor expense is
= $2,068,900 ÷ $560,064
= 3.69
2. Total productivity
As we know that
Total productivity =Output ÷ (labor + material + energy)
= ($2,068,900) ÷ ($560,064 + $60,000 + $4,000)
= $2,068,900 ÷ $624,064
= $3.315
Answer:
The answer is D. Accumulated depreciation
Explanation:
Accumulated depreciation is the sum total of the depreciation recorded for certain assets.
Answer:
Bounded Rationality
Explanation:
To begin with, it is essential to understand the concept of departmentalization.
Departmentalization centers on the idea that departments/divisions within an organization are grouped and/or sectioned, using some identified benchmarks. In extension, Departmentalizing, is simply the acts of engaging in departmentalization.
Bounded rationality, is a phenomenon that states that human reasoning and extension, logic could be threatened by a number of constraints. The constraints here could be human, material and physical resources. The implication is that an individual is not in possession of full details and information that could influence or shape his position.
Hence, by departmentalizing, an organization has placed a constraint on the amount of information accessible to that department, under the bigger context of an organization. Thus, the departments' rationality has been bounded and this could ultimately spiral into poor decision making, principally because of lack of detailed information.
Answer:
The answer is C.
Explanation:
In a competitive market, all firms produce identical goods and services. No firm or seller can influence the prevailing market price. To increase their revenue, firms must increase their outputs.
In this industry, firms make economic profit(revenue minus accounting cost minus implicit cost) in the short run but this economic profit reduces to zero in the long run because more firms that are attracted by the short run profit can enter the industry freely. Firms can also exit with little or no cost.
Answer:
$25,000 increase
Explanation:
Cost of Manufacturing Amount
Direct Materials $150,000.00
Direct Labor $240,000.00
Inspecting products 60,000 x 0.90 $54,000.00
Providing Power 30,000 x 0.90 $27,000.00
Providing Supervision 40000 x 0.60 $24,000.00
Setting up Equipment 60000 x 0.50 $30,000.00
Moving Materials 20,000 x 0.50 $10,000.00
Total $535,000.00
Buying Cost (20000 x 25.50) $510,000.00
Incremental Saving by Purchase ( $535000-$510000) $25,000.00
