Economists usually assume that production is subject to increasing opportunity costs because:

Marysya12 [62]

Resource pricing is important because resource prices are a major determinant of money incomes.

The greater the call for, the higher the charge, and vice versa. when demand is excessive, only the companies willing to pay the fee get the resources, and they will best be able to afford the sources via generating worthwhile products or services that clients are inclined to pay better expenses for.

The pricing of natural resources at stages that reflect their blended economic values and environmental values.

Adjustments in useful resource fees have an effect on the price of manufacturing. A higher price approach higher price and a decreased price method lower the cost. changes in manufacturing fees then affect the prices that dealers are willing to just accept to promote goods and services, which in the end influences the general rate level.

Learn more about Resource pricing here: brainly.com/question/24266033

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8 0

2 years ago

Common allocation bases are a.direct labor dollars, direct labor hours, and machine dollars b.machine dollars, direct labor doll

kkurt [141]

Answer:

The correct answer is letter "C": direct labor dollars, direct labor hours, and machine hours.

Explanation:

The allocation base is the method of assigning overhead costs to the source that causes it. More often, the allocation base is used for goods being produced in the manufacturing industry. In case the allocation base has properly been applied, changes in the allocation costs will not have a major impact on the costs of the source.

Examples of allocation bases are assigning costs of Human Resources (HR) according to the number of employees in each administrative department or direct labor dollars, direct labor hours, and machine hours in production.

8 0

4 years ago

In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and

kumpel [21]

Answer:

Relationships; Competition.

Explanation:

In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and other stakeholders at the top of the organizational hierarchy. when this occurs, the firm shifts its focus from transactions to relationships, and from competitions to collaboration.

Customer are considered to be king in the current open market condition, where seller are trying every bit to attract more and more customer. When a firm possesses capabilities that allow it to serve customers' needs better than the competition, the firm is said to have competitive advantage, however, this lead to shift of focus from transaction to relation building with customer to gain profit in long run and it does not focus only on competition but look for collaboration with customer to gain competitive advantage for future.

4 0

3 years ago

Contributions with no eligibility requirement restricted by an external donor for a particular operating purpose would be report

irakobra [83]

Answer:

F

Explanation:

8 0

3 years ago

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one uni

Viefleur [7K]

Answer: Materials price variance= $5,550 ----F - Favourable

Materials quantity variance=$4,250-U- Unfavourable

Labor Rate Variance= $2,400- U=Unfavorable

Labor Efficiency Variance=$2,800 =F Favourable

Explanation:

Standard Quantity Standard Price Standard Cost

or Hours or Rate

Direct materials 6.40 pounds $ 1.70 per pound $ 10.88

D.irect labor 0.40 hours $ 14.00 per hour $ 5.60

18,500.00 pounds of material were purchased at a cost of $1.40 per pound. All of the material purchased was used to produce 2,500 units of Zoom. 800 hours of direct labor time were recorded at a total labor cost of $13,600

a Materials price variance =Actual Quantity of Material Purchased*(Actual Rate - Standard Rate)

=18,500 X ( 1.40 -1.70)= 18,500 X 0.3= $5,550 ----F - Favourable because the actual cost of material per unit is less than the standard cost of material per unit]

b Materials quantity variance=Standard Rate*(Actual Quantity of Material Used in Production - Standard Quantity of Material Used in Production)

Standard Quantity of Material Used in Production = Actual Units Produced*Standard Material Per Unit

=2500 x 6.40= 16,000pounds nof materials

Materials quantity variance=1.70 x (18,500 - 16,000) =$4,250-U- Unfavourable because the actual quantity of material used to produce 2,500 units is higher than what was expected as the standard

C)Labor Rate Variance = Actual Hours Used*(Actual Rate - Standard Rate)

Actual rate = Actual cost/ Actual time

= 13,600/800= $17

Labor Rate Variance= 800 x (17-14)= 800 x 3 = $2,400- U=Unfavorable because the actual labor hour rate is higher than the standard hour rate

D)Labor Efficiency Variance = Standard Rate*(Actual Hours Used in Production - Standard Hours Used in Production)

Standard Hours Used in Production = Actual Units Produced*Standard Hours Per Unit

2500 x 0.40=1000 hours

Labor Efficiency Variance= 14 x ( 800 -1000) 14 x 200= $2,800 =F Favourable because the actual hours used in production is less than the standard hours that could have been used to produce 2,500 units

8 0

4 years ago