Answer:
c. individuals cannot
Explanation:
Social loafing refers to a phenomenon where an individual exerts less effort when working in a group than when working alone. This is often the case where it is difficult to measure the performance of the individual.
Answer:
Consider the following explanation.
Explanation:
Marginal product MP is the increase in production of good because of unit increase in labor. Value of marginal product VMP is the increase in value of production of goods because of unit increase in labor.
The minimum wage is a regulation where the person who hired the labor needs to pay minimum wage and cannot pay below that. Here, the minimum wage is below the competitive market rate so it will not make any difference because the workers are already getting $7 as wage which is more than the minimum wage which is $6.
Answer:
$29,800
Explanation:
Calculation to determine initial cost of the bread machine
INITIAL COST
Purchase Price: $24,500
Freight: $1,450
Installation: $2,900
Testing: $950
Total cost of the bread machine: $29,800
Therefore initial cost of the bread machine is $29,800
Answer:
Production Cost Report;Cost Reconciliation schedule,Equivalent units of Production;Unit Production Costs;Physical Units
Explanation:
Production Cost Report:A summary of both production quantity and cost data for a production department.
Cost Reconciliation schedule:Shows that the total costs accounted for equal the total costs to be accounted for.
Equivalent units of Production:Work done during a period expressed in fully completed units.
Unit Production Costs: Costs expressed in terms of equivalent units of production.
Physical Units:Actual units to be accounted for during a period, irrespective of any work performed.
Total Units Accounted for:Units transferred out during the period plus units in ending work in process.
Total manufacturing cost per unit:Unit materials costs plus unit conversion costs.
Units Transferred out:Total units accounted for minus units in ending work in process.