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3 years ago

Suppose you were the head of a household how would you plan your spending for your family needs if you

1 answer:

4 0

If you were the head of a household you would have to plan your savings such as things that are nescacery so in that's case think food clothes light bill savings and waterbill so this case how are u going to save money and divide it equaly

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Given these observed times (in minutes) for four elements of a job, determine the observed time (OT) for each element. Note: the

8090 [49]

Answer:

Element 1 = 4.17 Observed time

Element 2 = 1.77 Observed time

Element 3 = 3.33 Observed time

Element 4 = 2.8 Observed time

Explanation:

Calculation to determine the observed time (OT) for each element

Based on the information given we have 4 Element and 6 Cycle for Element 1,3 and 4 while Element 2 has 3 cycle

First step is sum up each element cycle i.e addition of cycle 1 to cycle 6

Element Cycle 1 Cycle 2 Cycle 3 Cycle 4 Cycle 5 Cycle 6

1. 4.1 +4.0 +4.6 + 4.1 +4.1 + 4.1 = 25

2. - 1.5 - 2.4 - 1.4 =(1.5+2.4+1.4)=5.3

3. 3.2 +3.2 +3.8 +3.2+ 3.3 +3.3= 20

4. 2.7 +3.0 +2.7 +2.8 +2.8+ 2.8 = 16.8

Now let find the Observed time by dividing the figure that was sum up for each of the element by the numbers of cycle that each element has.

OBSERVED TIME

Element Cycle 1 Cycle 2 Cycle 3 Cycle 4 Cycle 5 Cycle 6

1. 4.1 +4.0 +4.6 + 4.1 +4.1 + 4.1 = 25/6= 4.17 Observed time

2. - 1.5 - 2.4 - 1.4 =(1.5+2.4+1.4)=5.3/3=1.77 Observed time

3. 3.2 +3.2 +3.8 +3.2+ 3.3 +3.3= 20/6= 3.33 Observed time

4. 2.7 +3.0 +2.7 +2.8 +2.8+ 2.8 = 16.8/6=2.8 Observed time

6 0

2 years ago

Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job. Worker 1's reservat

Amiraneli [1.4K]

Answer:

The solution is explained in the explanation section below

Explanation:

Solution:

(a) In the economy there exist 100 workers. the wage of reservation to take risky job for worker 1 is $1 and $2 for worker -2. only 10 jobs is seen as risky.

The curve of supply is shown as upward which starts from 1, because the price of reservation for the first worker is 1 and 2 is for the second worker and it keeps going on like that.

The demand curve is seen as elastic in a perfect form, due to the fact that there are only 10 risky jobs.

The 10th worker price is $10, because is wage differential is $10

(b) The worker's altitude towards taking risky jobs has changed, because of the advertisement. the wage reservation is -10$ for the first worker and -$9 for the second worker.

Th jobs seen as risky is available are only 10

However, as a result of the campaign advertisement, the curve of supply moves down and the market equilibrium gets is gotten when the wage differential is -$1. most people on the daily basis dislike risk, but the market determines those risky jobs that will pay less than the safe ones.

3 0

3 years ago

Ramone has recently started working at an accounting firm. To get him up and running quickly, the firm has paired him with an ex

const2013 [10]

Answer:

<h2>In this case,the correct answer would be option c. or mentoring.</h2>

Explanation:

In any organisation,learning and development through mentorship constitutes acquiring new skills,knowledge and experience through a close relationship or association with someone who is more professional,experienced and established in a particular area of work or expertise.Mentorship basically includes close observation of the work methods,learning through imitation,following certain instructions and guidance from the mentor,obtaining support on various tasks and activities,incorporating valuable advice and recommendations in various activities and functions and so forth.In this particular instance,the firm has paired the employee with an experienced accountant to accelerate his work speed and enhance work efficiency or productivity through proper guidance,support and training obtained from the experienced accountant.Therefore,the firm expects improved work efficiency,enhancement of work performance and increased work speed through mentorship learning.

8 0

3 years ago

Concord Corporation planned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per

Greeley [361]

Answer:

Total Material Variance = $10,060 Unfavorable

Explanation:

Provided Information,

Standard budgeted unit of raw material = 1 yard

Standard price per unit = $91.00

Actual price per yard = $91.00

Actual units produced = 4,600

Actual yards of plastic used = 4,660 yards

Standard yards for actual production = 4,600 $\times$ 1 yard = 4,600

Total Material Variance = Standard Cost for actual output - Actual Cost

Standard Cost = 4,600 $\times$ $90 = $414,000

Actual Cost = 4,660 $\times$ $91 = $424,060

Total Material Variance = $414,000 - $424,060 = - $10,060

Since value is negative as actual cost is more than budgeted, the variance is unfavorable.

Final Answer

Total Material Variance = $10,060 Unfavorable

8 0

3 years ago

Consider the following information attributed to the material management departmentBudgeted usage of materials-handling labor-ho

drek231 [11]

Answer:

a. $75 an hour for a total of $32,250

Explanation:

The computation of the allocation rate and how much cost is to be allocated is shown below:

Fixed cost per hour = $146,200 ÷ 3,400 hours = $43

Variable cost per hour = $32

So, the total cost per hour equal to

= Fixed cost per hour + Variable cost per hour

= $43 + $32

= $75

And, the total cost allocated is

= 430 hours × $75

= $32,250

4 0

3 years ago