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pychu [463]
4 years ago
13

Consider Derek's budget information: materials to be used totals $65,100; direct labor totals $198,700; factory overhead totals

$393,700; work in process inventory January 1, $188,500; and work in progress inventory on December 31, $192,500. What is the budgeted cost of goods manufactured for the year?
Business
1 answer:
egoroff_w [7]4 years ago
5 0

Answer:

cost of goods manufactured= $653,500

Explanation:

Giving the following information:

Consider Derek's budget information: materials to be used totals $65,100; direct labor totals $198,700; factory overhead totals $393,700; work in process inventory January 1, $188,500; and work in progress inventory on December 31, $192,500.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 188,500 + 65,100 + 198,700 + 393,700 - 192,500= $653,500

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Why might some firms voluntarily pay workers a wage above the market equilibrium
tekilochka [14]

Answer:

b) Paying higher wages can reduce a firm's training costs.

c) Paying higher wages encourages workers to be more productive.

d) Higher wages attract a more competent pool of workers.

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal. The point at which the MRPL equals the prevailing wage rate is the labor market equilibrium.

The idea of the efficiency wage theory is that increasing wages can lead to increased labour productivity because workers feel more motivated to work with higher pay. Paying higher wages encourages workers to be more productive. Higher wages attract a more competent pool of workers. Workers stay with employers longer (instead of seeking out better-paying work with other companies) reducing businesses’ turnover, hiring, and training costs.

6 0
3 years ago
Nori files a suit against Mica to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds.The
vlada-n [284]

Answer: A. Nori foreseeably and justifiably relied on Mica's promise to her detriment.

Explanation:

From the question, we are informed that Nori files a suit against Mica to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds.

The court could enforce such a contract if Nori foreseeably and justifiably relied on Mica's promise to her detriment.

8 0
3 years ago
True or False: If a firm changes its credit policy and allows customers to pay in 90 days instead of 60 days, and everything els
Arte-miy333 [17]

Answer:

True

Explanation:

by increasing the time customers can pay to 90 days, the amount of cash inflows is likely to reduce. thus, the net cash flow in the next quarter is likely to decrease.

3 0
3 years ago
Real GDP per capita in the U.S. grew from about​ $6,000 in the year 1900 to about​ $51,500 in​ 2016, an average growth rate of​
ollegr [7]

Answer:

36.84 years and 31.82 years

Explanation:

In this question ,we applied the rule no 70 which means we get to know the estimated number of years for doubling the real GDP

In the first case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 1.9%

= 36.84 years

In the second case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 2.2%

= 31.82 years

8 0
3 years ago
Adrian is one of several engineers applying for a job recently advertised on the internet. While writing his email cover letter,
umka2103 [35]

Adrian is one of several engineers applying for a job recently advertised on the internet. While writing his email cover letter, adrian should identify the position applied for in the project line.

In an email  while applying for any job, jobseeker should use the job title as the subject line, so  that the employer get to  know what position the jobseekers are interested in.

That helps the  busy hiring managers who are recruiting for multiple positions to  see at a glance which job jobseeker are applying for.

Mentioning the job title which  is also helpful in the case there is an automated filter that categorizes the hiring manager’s email. With the right subject line, jobseeker will be sure that his application is placed in the appropriate folder to be seen in a timely manner.

To know more about job title here:

brainly.com/question/12174315

#SPJ4

7 0
2 years ago
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