Answer:The product margin for product M5 is $7,385
Explanation:
To calculate the product margin for product M5,
Processing 3,870 ÷ 9,000
= 0.43 per MH
Supervising 25,000 ÷ 1,000
= $25 per batch
To calculate the overhead cost for product M5
Processing 0.43 per MH × 500
= $215
Supervising $25 per batch × 500 batches
= $12,500
Total = $12,500 + $215
= $12,715
To calculate the product margin for product M5 under activity based costing
$
Sales. 95,400
Less:
Direct materials 32,500
Direct Labour 42,800
----------------
Prime Cost. 75,300
Add: Overhead 12,715
----------------
Total Cost of production. 88,015
-----------------
Product Margin. 7,385
------------------
The state has extensive authority to determine what goods and services are produced and in what quantities under centrally planned socialism.
A Centrally Planned Economy: What Is It?
A centrally planned economy, commonly referred to as a command economy, is a form of capitalism where decisions about the production and distribution of goods are made by the government. Market economies, where these decisions are the consequence of hundreds of choices made by producers and consumers, are different from centrally planned economies.
Although individual businesses may occasionally be brought into economic planning, state-owned corporations produce goods and services in planned economies frequently. In most cases, a centralized bureaucracy determines the costs, salaries, and production schedules.
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Answer:
D. Resource scarcity is low
Explanation:
When environmental changes and complexities are at low levels ( that is, like technological changes, law, politics, conpetition, trends etc.) and also resource scarcity is low (which means resources are in abundance or plentiful), managers becomes more confident that they can understand, predict, and react to the external forces affecting their businesses.
Low resource scarcity is makes managers very confident because they have available more resources to undergo their production processes.
Answer: (C) Job enrichment
Explanation:
The job enrichment is one of the type of method that is used for motivating the employees in an organization for specific job and the various types of challenging tasks.
The main aim of the job enrichment is that it helps in creating the various types of opportunities for the recognition the skills and also the professional growth in an organization.
It also provide the various types of self management to the employees in their specific tasks or duties. According to the question, the Skrugetech Inc. is using the job enrichment for designing the jobs profiles in an organization.
Therefore, Option (C) is correct answer.
Answer:
Correct option (5)
Explanation:
Division of labor refers to dividing each job into smaller task and assigning them to employees. These tasks are assigned to each employee based on their skills and abilities.
It helps in increasing efficiency of employees as well provides ease to production process. Division of labor also reduces production cost to a great extent.
