Answer:
Explanation:
a) Contract to purchase = 500 troy ounces / 50 = 10 contracts
b) Purchase price = 500 ounces × $ 1265 = $ 632500
c) Dollar profit at $ 1290 = 500 ( $ 1290 - $ 1265) = $ 12500
d) Dollar profit at $ 1290 = 500 ( $1210 - $1265) = $- 27500
Answer:
A. The Point system
Explanation:
Job evaluation is the process of comparing the the value of a job in relation to other jobs. It compares jobs, to assess their relative worth for the purpose of establishing a rational pay structure.
The point system is a type of quantitative job evaluation procedure that breaks down job based on various identifiable factors such as skill, effort, training, knowledge, hazards, responsibility, etc. Thereafter, points are allocated to each of these factors. In this method of job evaluation, each factor is given weight based on their importance in performing the job. thereafter, points allocated to each of the are then summed and the job pay is allocated based on the total points of each job.
Answer: C. will be favorable
Explanation:
Variable overhead efficiency variance simply means the difference between the time that it takes to manufacture a particular product and the time that was budgeted for the product.
Since the time incurred for the product was 2300 hours while the budgeted time was (600 × 4) = 2400 hours, then the variable overhead efficiency variance is favorable.
Answer: b.) post-purchase evaluation
Explanation:
Post-purchase evaluation as the term implies, is done after the product is purchased and checks how well the product does what it is meant to do.
When Mike asks customers to complete a feedback survey, they will indicate on the survey what they thought of his service such that he would know whether he fulfilled his purpose for the service. This therefore includes the customers in the post-purchase evaluation.
