Answer:
The correct answers are the following:
1 - C
2 - A
3 - B
4 - D
5 - C and D
Explanation:
1) The product of labor is a concept developed in economics in order to show the amount of output that a worker adds to a firm.
2) The demand curve of labor is the graphical representation of the relationship between the wage rate and the quantity of labor that the firms are willing to hire in the market where the workers go an offer their job.
3) The supply curce of labor is the graphical representation of the relationship between the wage rate and the quantity of labor that the workers are willing to offer in the market.
4) The marginal product of labor is the increase in the revenue that an additional worker will add to the amount of revenues already been made in the company when the worker is hire and puts himself to work.
5) An increase in the labor supply can happen be either an increase in the working population that increase the amount of supply of labor as well as an increase in the women's desire to work rather than stay at home with their kids.
Answer:
The answer is Option D.
Explanation:
The answer is Option D.
The direct costs (materials and labor) will change if the production level varies. They are defined as the costs that are strictily related with the production of the product or service.
The fixed manufacturing overhead will vary independently of the variations of the production level. This is an example of indirect cost.
Answer:
The new truck will enter the account with the invoice value.
new truck 122,000
ac dep old truck 44,000
loss on trade 22,000
Cash 110,000
Old Truck 78,000
Explanation:
Old truck 78,000
acc depreciation 44,000
net-book value 34,000
trade-in allowance 12,000
loss on trade 22,000
The new truck will enter the account with the invoice value.
Answer:
Company should load 1,479.9 motorcycles on each truck.
Explanation:
Cost per trip = $1,000
Demand for motorcycles = 300 per day
Cost per engine = $500
Holding cost = 20% of $500
= $100
Assuming that company plant works for 365 days in a year,
Annual demand = 300 motorcycles × 365 days
= 109,500 motorcycles
where,
D = Annual demand in units
S = Set up cost per order
H = Handling cost per order
= 1,479.9
Thus, the company should load 1,479.9 motorcycles on each truck.
