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Phantasy [73]
3 years ago
15

Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2019: Time

Charges Material Charges Technicians' wages and benefits $500,000 Parts manager's salary and benefits $72,000 Office manager's salary and benefits 112,000 18,000 Other overhead 48,000 135,000 Total budgeted costs $660,000 $225,000 Silver Spoon has budgeted for 10,000 hours of technician time during the coming year. It desires a $54 profit margin per hour of labor and a 40% profit margin on parts. Silver Spoon estimates the total invoice cost of parts and materials in 2019 will be $500,000. Compute the rate charged per hour of labor.
Business
1 answer:
stepladder [879]3 years ago
5 0

Answer:

The rate charged per hour of labor is 120.

Explanation:

Rate charged per hour of labor is given by:

= Budgeted cost per labor hour + Profit margin

= 660000/10000 + 54  

= 120

Therefore, The rate charged per hour of labor is 120.

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Productivity is difficult to measure because precise units of measure are available, quality is consistent, and exogenous variab
podryga [215]

Answer:

False

Explanation:

All of the statements being made are False. Productivity is measured by stats. For example, in any given month a certain number of products are produced by a fixed number of employees, the next month the same value is calculated and compared with the previous month. This lets you know if productivity is increasing or decreasing. The quality of anything depends on the time and effort being implemented in making something, if this changes then so does the quality. Exogenous variables are simply variables that are not affected by other variables in a given environment, this does not mean that they cannot change. Even though they are independent they can still change. For example, the weather is an exogenous variable but it can still change from Raining to Sunny.

6 0
3 years ago
“The needs of a society conflict with the goals of the financial services industry’s desire to make a profit.” Do you agree or d
poizon [28]

Answer:

I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.

I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).

3 0
3 years ago
The _________________________ was formed by Samuel Gompers, who was inspired by Marxism. It had success in lobbying Congress for
Vladimir79 [104]
The American Federation of Labor (AFL) was formed by Samuel Gompers, who was inspipred by Marxism. It has success in lobbying Congress for better working conditions. Samuel Gompers was an American Labor Union Leader and remained a key figure in changing American labor history. 
7 0
3 years ago
Has the ceo carried out his or her responsibility for educating the board? Why or why not?
alisha [4.7K]

The CEO has not carried out his or her responsibility for educating the board as evident by the lack of information held by the board members during the discussion and their need and search for more information with respect to the quality performance measures of the Regional Medical Centre and their inquiry for the cost-benefit analysis.

The board members during the meeting are unaware of most of the indicators of the quality performance measures and the patient satisfaction measures and seem to be inquiring from each other about the values. They are also not aware of the trend or changes in these values in Q2 as compared to Q1.

The CEO has the responsibility of overall seeing the functioning of the healthcare organization and reporting, making key administrative decisions, leading organizational changes, and educating the board of directors about the parameters and reports with regard to the functioning of the healthcare organization.

Learn more about CEO at

brainly.com/question/26272846

#SPJ4

8 0
2 years ago
In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., coll
-Dominant- [34]

Answer:

$7 million

Explanation:

Investing activities: it monitors the operations that include buying and selling long-term assets. The buying is a cash outflow, while the selling is a cash inflow

The computation of the net cash flows is shown below:

Cash flow from Investing activities  

Proceeds from sale of equipment $8 million

Acquisition of building for cash -$7  million

Purchase of marketable securities (not a cash equivalent) -$5 million

Collection of note receivable only principal amount $11 million

Net Cash flow from Investing activities $7 million

6 0
3 years ago
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