Marginal productivity theory assumes that a worker’s income is a function of the contribution of that worker to the value of the output. in business, this is called the "value-added" approach.
There is a correct theory called marginal productivity theory. Wages are paid at a level equal to the marginal revenue product of labor, the MRP (value of the marginal product of labor). MRP is the increase in income caused by the increase in output produced by the last employed worker.
The marginal productivity theory of income distribution proposes that each individual should receive income based on their contribution to total output. The marginal productivity theory of income distribution has been criticized for the following reasons. Income from inheritance is inconsistent with the theory.
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Answer:
Fifo
Explanation:
Because the stock that is bought first should be the one to be purchased first
An inside director.
An inside director is someone who sits on the board of directors and is also an employee of the company (some board members are external non-employee advisors).
Answer:
B) $135 F
Explanation:
The computation of the variable overhead efficiency variance for supplies cost is given below:
= (Actual hours - Standard hours) × Standard Rate
= (10,930 hours - 3,800 × 2.9 hours) × $1.50 per hour
= (-90 hours) × $1.50 per hour
= $135 favorable
Hence, the variable overhead efficiency variance for supplies cost is $135 favorable
Therefore the option b is correct
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