Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead costs total $6,710,000. its prime costs total:_Prime Cost = direct material cost + Direct Labor cost
= $ 4900000 + $ 8710000
= $ 13610000
A high price is the entire direct price of production, such as uncooked materials and exertions. indirect charges, along with utilities, supervisor salaries, and delivery costs, are not blanketed in top charges. corporations want to calculate the prime value of each product manufactured to ensure they are generating earnings.
Industry averages propose top charges need to be between fifty five% and 60%. Years in the past, that range might have been as high as sixty five%. however as the costs of a lease, coverage, and items have risen, it is grown to be extra vital to hold that percent quite tight within that variety.
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Shaleen in her first two months on the job, she not only learned to do her job more efficiently, but she has also saved the company money.
This is an example of (E) learning effects.
<h3>
What are the learning effects?</h3>
- The learning effect is the process by which education increases productivity and leads to greater earnings in economics.
- In psychology and motor learning, the learning effect refers to the rapid improvements in performance that we witness when a person performs their first 5-10 tries at a new task.
- As the learner becomes more familiar with the activity, these initial leaps in performance become smaller and smaller.
- Learning effects are stronger when a technologically difficult task is repeated since there is more to learn about the task.
<h3>Solution -</h3>
As it is stated above as the learner becomes more familiar with the activity, these initial leaps in performance become smaller and smaller.
Therefore, this is an example of (E) learning effects.
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Complete question:
When Shaleen first started at the manufacturing facility, it took her four hours to complete the task she can now accomplish in 30 minutes. In her first two months on the job, she not only learned to do her job more efficiently, but she has also saved the company money. This is an example of
a. Multiple Choice
b. economies of scale.
c. lead strategy.
d. lag effects.
e. learning effects.
f. transition effects.
To solve:
Direct marterial cost = $12,000
Direct labor cost = $11,000
Manufacturing overhead = 85% of direct labor cost = $9,350
Add up all of the costs for the total cost of Job No. 110.
$12,000 + $11,000 + $9,350 = $32,350.
<span>If Americans decides to save less, then they will not keep the money in the bank account. They will rather spend it. This will leads to deficit in the deposits of banks and as a result bank will have less lending capacity. This reduction in lending will make it difficult for businesses to get loans which will impact their production levels and hence productivity as a whole will be reduced. Therefore, reduction in saving leads to reduction in productivity.</span>
