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3 years ago

Product or service offered, how much, at what price

Business

1 answer:

Bogdan [553]3 years ago

6 0

Answer:

Realizing the contrast among cost and worth can expand benefit: the expense of your item or administration is the sum you spend to deliver it. the cost is your money related award for giving the item or administration. the worth is the thing that your client accepts the item or administration is worth to them

Explanation:

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Suppose that there are two employers in Tinytown. CareCo offers a generous health insurance package to all employees, while Apat

professor190 [17]

Answer:

Choose CareCo.

Explanation:

Given : CareCo offers a generous health insurance package to all employees. ApathyInc pays slightly higher wages than CareCo, but does not offer health insurance.

A person who is unhealthy & expects to have high healthcare expenses : would have issues having direct health insurance from an insurer, based on high risk evaluation. Even if by chance, he/ she gets, it will be at extremely high price i.e premium rates & is likely to have less coverage. So, the person rationally would prefer to protect himself / herself from this huge health expenditure risk, & would protect self & family from catastrophic health costs. He / she would do so by choosing to work for Care Co, which gives generous health insurance to all its employees, by sacrifising higher salary by Apathy giving no health insurance. He/ she is logical as the wage differential is likely to be less than catastrophic health costs

8 0

3 years ago

An accounting professor at Middleton University devotes 60 percent of her time to teaching, 30 percent of her time to research a

rewona [7]

Answer:

Middleton University

Activity Cost of Instruction per student in the introductory and graduate financial accounting courses:

Total Instruction cost $57,600

Number of students = 65 (40 + 25)

Instruction per student = $57,600/65 = $886.15

Explanation:

a) Data and Calculations

Activities: Time Spent Activity Cost Introductory Graduate

Course preparation 30% $28,800 $17,723 $11,077

Classroom instruction 60% $57,600 $35,446 $22,154

Appointments with students 10% $9,600 $5,908 $3,692

Annual salary $96,000 $59,077 $36,923

b) The activities are three for each of introductory and graduate courses. The cost (annual salary) of the professor is allocated according to the time spent on each activity. This cost is further allocated between the introductory and graduate classes according to the number of students in each course. Overall, the same amount per each activity is spent on each student in both courses.

7 0

3 years ago

Problem 9-18 Comprehensive Variance Analysis [LO9-4, LO9-5, LO9-6]

Thepotemich [5.8K]

Answer:

1 a. Materials price and quantity variances.

Material price variance = (Actual price - Standard price) * Actual Quantity purchased

= ($2.45 - $2) * 15,800

= $0.45 * 15,800

= $7110 (Unfavorable)

Materials Quantity variance = (Actual Quantity used - Standard Quantity allowed) * Standard price

(10600 - 3000 * 3.6) * $2

= (10,600 - 10,800) * $2

= 200 * $2

= 400 (Favorable)

b. Labor rate and efficiency variances.

Labor rate variance = (Actual rate - standard rate) * Actual hours

= (6.30 - 6.6) * 2,100

= 0.3 * 2,100

= 630 (Favorable)

Labor Efficiency variance = (Actual hours - standard hours allowed) * Standard rate

= (2100 - 3000 * 0.5) * 6.6

= (2,100 - 1,500) * 6.6

= 600 * 6.6

= 3960 (Unfavorable)

c. Variable overhead rate and efficiency variances

Variable overhead rate variance = (Actual rate - Standard rate * Actual machine hours)

= 3000 - (2.10 * 1200)

= 3,000 - 2,520

= 480 Unfavorable

Variable overhead Efficiency variance = (Actual hours - standard hours allowed)* Standard rate

= (1200 - 3000 * 0.3) * 2.10

= (1200 - 900) * 2.10

= 300 * 2.10

= 630 (Unfavorable)

2. Variances Amount

Material price variance 7,110 U

Material quantity variance 400 F

Labor rate variance 630 F

Labor efficiency variance 3,960 U

Variable overhead rate variance 480 U

Variable overhead efficiency variance 630 U

Net variance 11,150 U

The net variance of all the variance of the month is 11,150 (Unfavorable)

3 0

3 years ago

Which of the following statements about renting & owning is correct?

ycow [4]

The answer to the question which of the following statements about renting owning is correct is letter "B" An owner has a complete responsibility and control over the property.

Based on the definition of owner and renter, as well as its comparison, no doubt that the answer is indeed letter "B".

8 0

3 years ago

Richard Redden, the sole stockholder, contributed $71,000 in cash and land worth $132,000 in exchange for common stock to open a

Aloiza [94]

Answer: C. Debit cash $71,000; debit land $132,000; credit Common Stock $203,000.

Explanation:

From the question, we are informed that Richard Redden, the sole stockholder, contributed $71,000 in cash and land worth $132,000 in exchange for common stock to open a new business, RR Consulting.

The journal entries will RR Consulting make to record this transaction will be:

Debit cash $71,000; debit land $132,000; credit Common Stock $203,000.

7 0

3 years ago

Read 2 more answers