According to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.
<h3>What is responsibility?</h3>
It is the quality of that individual who fulfills his obligations and assumes the consequences of his acts.
Through it, individuals make decisions consciously and take responsibility for the consequences that may arise from them, in addition, it implies the commitment to fulfill agreements and obligations.
Therefore, we can conclude that according to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.
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Answer:
Variable cost= $42
Explanation:
Giving the following information:
Each unit is sold for $50
Direct material worth $30
Direct labor worth $5.
Manufacturing overhead cost is $10 per unit of which 70% is variable.
The incremental cost is the variable cost (there is available capacity)
Variable cost= direct material + direct labor + variable manufacturing overhead = 30 + 5 + (10*0.7)= $42
A company pays each of its workers on a per diem basis. If another worker is hired,
variable costs will increase while
fixed cost will remain the same.
<h3>What is the difference between fixed and variable?</h3>
- The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are fixed costs.
- Costs that change as the volume increases are known as variable costs. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs. The "Cost of Goods Sold" is the name given to the variable costs of production in some accounting statements.
- Some examples of fixed costs are rent, lease payments, salary, insurance, property taxes, interest fees, depreciation, and possibly certain utilities. For instance, a new business owner would probably start off with fixed costs like rent and managerial wages.
- Property taxes, rent, salary, and the cost of benefits for non-sales and management staff are examples of fixed costs. They are one of the three categories of expenses that most companies face. Costs that are changeable or semi-variable are the others.
A company pays each of its workers on a per diem basis. If another worker is hired,
variable costs will increase while
fixed cost will remain the same.
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Contribution is the difference between the Sales per unit and the variable cost per unit. When the selling price reduced to $6 per unit,
Contribution per unit = Sales per unit - Variable Cost per unit
Contribution per unit = $6 - ($6*0.6)
Contribution per unit = $2.4 per unit.
Now, the contribution margin ratio = Contribution per unit / Sales per unit
Contribution Margin Ratio = $2.4 / $6
Contribution Margin Ratio = 0.4 or 40%
Contribution Margin ratio when the sales price is $6 per unit is 40%.
Answer:
C.wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas
Explanation:
Factors of production includes:
1. Land - land includes all natural resources
2. Capital - includes machinery, tools used in the production of goods and services
3. Labour - includes all human effort expended in the production of goods and services
4. Entrepreneurship - coordinates all factors of production.
Poor countries have high levels of illiteracy, so they don't have an abundance of knowledge. Poor countries are usually overpopulated, so they usually have high Quanitity of labour.
On the other hand, rich countries have high literacy levels, so, they have an abundance of knowledge.
I hope my answer helps you
