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3 years ago

How can competition in a scarce labor market affect wages?

1 answer:

5 0

Competition in a scarce labor market affect wages because when there is scarcity in labor this means that there is a shortage of workers for a specific job. Wages/salaries for workers will affect because employers will tend to make the salary high because of high demand.

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Saint John Industries uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit s

photoshop1234 [79]

Answer:

$33,500

Explanation:

Relevant data provided

Total Credit Sales = $670,000

Percentage of bad debts = 5%

The computation of Bad Debt Expense is shown below:-

Bad Debt Expense = Total Credit Sales × Percentage of bad debts

= $670,000 × 5%

= $33,500

Therefore for computing the bad debt expenses we simply multiply the total credit sales with percentage of bad debts.

5 0

3 years ago

During the year, direct labor costs of $30,000 were incurred, manufacturing overhead totaled $42,000, materials purchased we

andriy [413]

Answer:

Total Manufacturing Cost = $96,347

Explanation:

Total manufacturing cost include all the costs related directly to the production, and does not include any indirect costs, or cost of selling and administration.

Thus, for the information provided we have,

Since not provided assumed no opening and closing inventory.

Total manufacturing cost =

Direct Labor Cost $30,000

Add: Manufacturing Overhead $42,000

Add: Materials Purchased $27,000

Less: Indirect Material included = ($2,653)

Total Manufacturing Cost = $96,347

4 0

3 years ago

The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and

yan [13]

Answer:

Option D. Shut down because staying open would be more expensive.

Explanation:

The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.

5 0

2 years ago

Zena Technology sells arc computer printers for $54 per unit. Unit product costs are:

Marina CMI [18]

Answer:

Minimum selling price is $ 37

Explanation:

Computation of minimum selling price

Direct materials per unit $ 15

Direct labour per unit - existing $ 19

Additional for modification $ 3

Direct Labor per unit $ 22

Variable cost per unit $ 37

Since the Company has sufficient idle capacity to produce the additional order, no incremental fixed manufacturing capacity is considered.

The minimum selling price should be one which covers the variable costs ( modified for labor increase)

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2 years ago

At the end of the listening process you ______________. a. choose a sound to focus on b. make an effort for recall c. provide fe

sergij07 [2.7K]

Provide feedback is your correct answer

3 0

3 years ago

Read 2 more answers