1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nookie1986 [14]
3 years ago
12

Mack's guitar fabrication shop produces lowcost, highly durable guitars for beginners.Typically, out of the 100 guitars that beg

in production eachmonth, only 82 percent are considered good enough to sell. The other 18 percent are scrapped due to quality problems that are identified after they have completed the production process. Each guitar sells for $250. Because some of the production process isautomated, each guitar only requires 12 labor hours. Each employee works an average of 160 hours permonth. Labor is paid at $9 perhour, materials cost is $42 perguitar, and overhead is $3800.Whatis the labor productivity ratio forMack's guitar fabrication shop?
Business
1 answer:
vekshin13 years ago
5 0

Answer:

$17.08 per hour

Explanation:

The computation of the labor productivity ratio is shown below:

Labor productivity ratio = Total output ÷ Total labor hours

where,

Total output = Goods units × Selling cost per guitar

= 82 × $250

= $20,500

And, the total labor hours is

= Number of labors hours required × total production

= 12 labor hours × 100

= 1,200

So, the labor productivity ratio is

= $20,500 ÷ 1,200

= $17.08 per hour

You might be interested in
Show Stoppers is a monopoly provider of ticket services for the concerts and sporting events and their current service charge is
makvit [3.9K]

Answer:

9.50 dollars

Explanation:

The marginal revenue is the revenue generated for an additional sale.

In this case the new customer will generate an additional revenue equal to the service change to him. This amount is for 9.50 dollars. So, this is the marginal revenue for an additional sale.

The rest of the option are incorrect.

3 0
3 years ago
A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique lo
Alborosie

A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique local needs, tastes, or preferences. the company is using a multidomestic strategy.

A multidomestic strategy is an international marketing approach. This approach focuses more on advertising and commerical efforts rather than gaining the global support from consumers. They focus their product and adjust it to the country they're in rather than just globally at once.

3 0
3 years ago
Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $4. In year 2
FromTheMoon [43]

Answer:

The GDP for year 1, year 2, and year 3 is $12, $20 and, $30 respectively.

Explanation:

The nominal GDP is the value of goods and services produced in an economy in a year.

Here, the economy produces only chocolate bars. So we can find nominal GDP by calculating the value of chocolate bars produced in each year.

Nominal GDP for year 1

= Price\ \times\ Quantity

= 3\ \times\ 4

=$12

Nominal GDP for year 2

= Price\ \times\ Quantity

= 4\ \times\ 5

=$20

Nominal GDP for year 3

= Price\ \times\ Quantity

= 5\ \times\ 6

=$30

6 0
3 years ago
The exchange rate is the price of one country’s currency compared to another country’s currency. True or false?.
Murljashka [212]

Answer:

True

Explanation:

Exchange rates vary through out different currencies ,controlled by different states .

The US dollar is the universal factor across all global currencies .Some may be higher while others may be lower but the USD is like the  unit of comparison .

It is regulated by the federal reserve and is usually backed by credit .Money has taken dramatic twists , when it comes to backing as it has been backed by gold and oil before hence shifting from time to time .So the US discovered to gap which was filled by credit systems that oversee the flow of bills in relations to credit .

5 0
2 years ago
The _________ pricing strategy maintains low prices and avoids the use of special sales.
Harrizon [31]
<span>This is everyday low pricing, which is also known as EDLP. Usually, the EDLP is in the range of a high-low retailer's promotional price. However, the EDLP is not a discounted price. People are attracted to this price, because it is something they can count on.</span>
4 0
4 years ago
Other questions:
  • In the long run a company that produces and sells candy bars incurs total costs of $1,200 when output is 2,400 candy bars and $1
    15·1 answer
  • Nessca solutions inc. has recently created a hardware and software system for transmitting data among different departments with
    8·1 answer
  • Which of the following theories proposes that people prefer to feel they have control over their actions, so anything that makes
    14·1 answer
  • The Home Ownership and Equity Protection Act does not:______. a. consider optional credit insurance as a finance charge. b. give
    12·1 answer
  • The United States raises taxes on imported electronic goods. This type of trade barrier is known as a(n) embargolicensequotatari
    9·2 answers
  • Send a comment to me if you are in foster care,cuz i am, because i feel alone.
    14·1 answer
  • If a college student broke into a rival school in the neighboring town and damaged property in one of the computer labs, the cas
    14·2 answers
  • On January 1, 2017, Aiello Company purchased 100% of the common stock Uline Industries for $450,000. On that date, Uline had com
    15·1 answer
  • With crews working shifts that span 24 hours a day, what is the most important thing for Satya to keep in mind as she prepares h
    13·1 answer
  • lark Bell started a personal financial planning business when he accepted $36,000 cash as advance payment for managing the finan
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!