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3 years ago

Land, Labor and Entrepreneurship are all of the factors of production.

Business

1 answer:

igomit [66]3 years ago

6 0

The correct answer is False.

Explanation

Production has four factors, which are land, labor, capital, and entrepreneurship. The first, the land, refers to all the goods that can be obtained from the land, both cultivation, wood from trees, minerals such as coal, oil, metals, among others; the second is work, this refers to the workforce and the work of individuals to obtain a product; the third is capital, that is, money, machinery, supplements, and everything necessary to carry out production; the fourth is entrepreneurship, that initial motivation to start production and carry out the entire process, and earn profits from it. According to the above, the answer is false because in addition to labor, land and entrepreneurship, capital is a factor in production. So, the correct answer is False.

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As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f

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Answer: Sharing information across the organisation

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This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.

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4 years ago

3. Colloids are used in food preparations like in baking pastries and cakes.yes or no

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Yes they colloids are used in food perparations like pastries and cakes

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3 years ago

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin

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Answer:

1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.

2. The total manufacturing overhead cost assigned to Job 203 is $2,058.46.

3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.

Explanation:

Predetermined overhead rate = Budgeted Overheads / Budgeted Activity

Cutting Department = $390,000 / 43,400

= $8.99 per machine hour

Finishing Department = $496,000 / 43,000

= $11.53 per direct labor hour

Total manufacturing overhead cost assigned to Job 203.

Direct materials

Cutting Department $ 745.00

Finishing Department $ 370 .00

Direct labor costs

Cutting Department $ 43.00

Finishing Department $ 210.00

Variable manufacturing overhead

Cutting Department ($2.00 × 43) $86.00

Finishing Department ($2.00 × 4) $8.00

Variable manufacturing overhead

Cutting Department ($3.75 × 3) $11.25

Finishing Department ($3.75 × 13) $48.75

Fixed manufacturing overhead

Cutting Department ($8.99 × 43) $386.57

Finishing Department ($11.53 × 13) $149.89

Total $2,058.46

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3 years ago

A company assigns overhead using a plantwide rate. If total estimated manufacturing overhead is $900,000 and the total estimated

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Answer:

Overhead application rate

= Budgeted overhead

Budgeted machine hours

= $900,000

30,000 hours

= $30 per machine hour

Overhead cost assigned to the product

= Overhead application rate x Actual machine hours

= $30 x 12,000 hours

= $360,000

Explanation:

In this case, there is need to determine the overhead application rate, which is the ratio of budgeted overhead to budgeted machine hours.

Then, we will obtain the overhead cost assigned to the product by multiplying the overhead application rate by actual machine hours.

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3 years ago

A computerized spreadsheet program is useful for

scoundrel [369]

Helps perform calculations and other manipulations of data

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3 years ago