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Answer:
$59,410
Explanation:
With regards to the above information, we need to calculate first, total number of units for first quarter of the year.
Total number of units for first quarter of the year = 2,960 + 2,740 + 3,440
= 9,140
But, each unit requires 0.5 hours of direct labor.
It therefore means that;
1 unit need ----- 0.5 hours of direct labor
9,140 ----- ?
= (9,140 × 0.5) / 1
= 4,570 hours.
Finally, we will multiply the total hours by the payment per hour, or direct labor rate; which is $13 per hour.
= 4,570 × $13
= $59,410
Therefore, the budgeted direct labor cost for the first quarter of the year is $59,410
In order to have a high confidence level in a customer survey, the sample size accurately reflects the entire population.
A discrete collection of entities with identifiable characteristics, such as humans or animals, for the purposes of analysis and data collection is called a population. It consists of a group of similar species that can inhabit a specific geographical location and interbreed.
A group of people, things, events, organizations, etc. Use populations to draw conclusions. Figure 1: Population. An example of a population is the entire student body of a school. Includes all students studying at the school when the data was collected.
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Information systems have automated information management, making it quicker to process large amounts of information, but it can also create issues such as information security and IT competitiveness.
Information security is a problem arising from information systems that can configure fraudulent techniques to steal sensitive data from people and organizations and gain benefits, so it is essential to be prepared for the risks and support from specialized security companies.
The advancement of artificial intelligence can also correspond to a risk in the work environment, such as the competitiveness with IT of professionals who are not prepared to deal with digital innovations.
Therefore, it is necessary that organizations use IT to bring benefits in the speed of organizational processes, preparing themselves for risks and offering training and qualification to their employees to deal with digital systems.
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Answer:higher real interest rate discourages current consumption and higher real interest rate encourages more saving.
Explanation:The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.
Our measure of credit demand is an indicator variable for a firm's need for bank loans decreasing during the period. We measure credit supply using information on whether a firm's loan application was rejected, or the firm received less than 75% of its desired amount.
Credit supply curve is a curve that plots the quantity of credit supplied at different real interest rates.