Answer:
I used an excel spreadsheet to calculate each unit's ending inventory price:
Product 1 = $7,20
Product 2 = $10,20
Product 3 = $11,75
Product 4 = $5,25
Product 5 = $5,60
D. Suppose that the government imposes a tax on the oil refiner that makes the oil refiner pay twice per unit of output produced. is there T that induces the Pareto efficient level of o
Answer:
The variance is: $ 0.50 per direct labor hour.
Explanation:
Actual payroll = $117,000/6000h = $19.50 per hour
So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour
Answer
It has created in business the concept of human capital which recognizes that not all labor is equal. Economic value of an employee increases with worker’s experience and skills.
Explanation
Human capital is the economic value of a worker expressed in the view of his/her education, training, punctuality, loyalty, skills, health , intelligence and other things. Employees possessing these items could be considered an assets to the company thus paid good wages. Employers can improve quality of human capital of the workers through investing in employees’ education, experiences and abilities.
Hope this helps!