Answer:
Results are below.
Explanation:
<u>First, we need to calculate the total cost of producing 2,900 units:</u>
Total cost= direct material + direct labor + allocated overhead
Total cost= (2*7)*2,900 + (0.5*16)*2,900 + [(0.5*16)*0.6]*2,900
Total cost= 40,600 + 23,200 + 13,920
Total cost= $77,720
<u>Now, the unitary standard cost:</u>
Unitary cost= total cost/number of units
Unitary cost= 77,720 / 2,900
Unitary cost= $26.8
Answer:
The answer is: Taylorism
Explanation:
Frederick Winslow Taylor and Henry Fayol are considered the "fathers" of management theory, but had opposing views on how businesses should work and be organized. Taylor was responsible for developing the Scientific Management theory (Taylorism) and led the Efficiency Movement.
He was obsessed with increasing labor productivity. Most of his theories are considered archaic now, but he was the first man to really try to understand this concept. Most of his ideas still serve as a basis for modern management and some companies like McDonald's still follow several of his basic concepts like work specialization.
Answer:C. Face cream must not be processed further because cost increase more than revenue.
Explanation:
The bottle of face cream cost $11 to the firm at a sales price of $15 bringing in a profit of $4, however if the firm decided to process the cream bottle further into sunscreen it will incur additional cost of $16 which brings the total cost to $27 and it can only be sold for $26 which brings a loss of $1 invariably cost is greater than revenue.
Answer:
(1) Shen spends $200 to purchase legal service from Rowan and Martin. Associates - Dollars
(2) Valerie spends $8 to order a mojito cocktail - Dollars.
(3) Shen earns $375 per week working for Little Havana - Inputs.
Explanation:
<em>(1) & (2) statements in the "Answer" above</em> are <em>purchase on cash </em>transactions. Hence, they imply the flow of <em>dollars</em> from the household to the firm.
<em>(3) statement in the</em> <em>"Answer" above</em> implies giving of <em>factor input labor services</em> by Shen to Little Havana. Hence, it indicates the flow of <em>inputs </em>from the household to the firm.
Answer:
Time taken will be 31.35 days
Explanation:
We have given account receivable = $391648
Credit sales for the year = $5338411
Number of days in an year = 365 days
We have to find the time taken on average for credit customers to pay off their accounts during the past year
Time taken is given by 
