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3 years ago

EA4.

Business

1 answer:

boyakko [2]3 years ago

3 0

Answer:

Explanation:

There is the relation between the variable cost and the product cost & fixed cost and the period cost

The product cost is that cost which is used to make the product. It includes direct material, direct labor, and the manufacturing overhead

In mathematically,

Product cost = Direct material + direct labor + manufacturing overhead

The period cost is that cost which remain fixed and is incurred when the time passes

Period cost = Salaries of sales person + delivery trucks depreciation + Repairs to office equipment + Advertising expense + usage of office supplies expense

So, the categorization is shown below:

Lumber used to construct decks ($12.00 per square foot) = Variable cost and Product cost

Carpenter labor used to construct decks ($10 per hour) = Variable cost and Product cost

Construction supervisor salary ($45,000 per year) = Fixed cost and the period cost

Depreciation on tools and equipment ($6,000 per year) = Fixed cost and the period cost

Selling and administrative expenses ($35,000 per year) = Fixed cost and the period cost

Rent on corporate office space ($34,000 per year) = Fixed cost and the period cost

Nails, glue, and other materials required to construct deck (varies per job) =

Variable cost and Product cost

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Omega Custom Cabinets produces and sells custom bathroom vanities. Assume that labor is the only input that varies for the firm.

Papessa [141]

Answer:

The answer is option a). For the 11th worker, the marginal profit is $600.

Explanation:

Step 1: Determine the initial profit for the 10 workers as shown;

initial profit=revenue from sales-cost of labor

where;

revenue from sales=sale per unit×number of units

revenue from sales=800×20=$16,000

cost of labor=cost per unit×number of workers

cost of labor=1,000×10=$10,000

replacing;

initial profit=16,000-10,000=$6,000

Step 2: Determine the final profit for the 10 workers as shown;

final profit=revenue from sales-cost of labor

where;

revenue from sales=sale per unit×number of units

revenue from sales=800×22=$17,600

cost of labor=cost per unit×number of workers

cost of labor=1,000×11=$11,000

replacing;

final profit=17,600-11,000=$6,600

Step 3: Determine the marginal profit as shown;

marginal profit=final profit-initial profit

where;

final profit=$6,600

initial profit=$6,000

replacing;

marginal profit=6,600-6,000=$600

The marginal profit for the 11th worker=$600

5 0

3 years ago

Telecommuters must be able to

MakcuM [25]

Travel different places and work.

6 0

3 years ago

Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $46,000 in inventory. During t

oksian1 [2.3K]

Explanation:

Net purchases= Gross purchases- Returned inventory- Discount on purchases

= $10,300- $800- $360= $9,140

Ending inventory= Beginning inventory+ Net purchases- Cost of goods sold

Cost of goods sold= Beginning inventory+ Net purchases- Ending inventory

= $46,000+ $9,140- $34,500= $20,640

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4 years ago

The managerial function of leading: is a part of the planning process. involves monitoring the organization s progress toward it

Rudik [331]

Answer:

is the set of processes used to get members of an organization to work together.

Explanation:

Management can be defined as a strategic process which typically involves analyzing, planning supervising, organizing, controlling and coordination of employees and business activities in order to successfully achieve organizational goals and objectives.

Generally, there are four (4) main components associated with the management of business activities and employees, these includes planning, organizing, leading and controlling.

The managerial function of leading is the set of processes used to get members of an organization to work together. Thus, leading a team of workers working in an organization simply involves communication, motivation, inspiration, direction, guidance and support of these employees in order to enhance their level of output or production at all times.

3 0

3 years ago

What can be said about real average hourly earnings and nominal average hourly earnings between 2008 and 2010? A. Real average

Bas_tet [7]

Remainder part of the Question:

Year Nominal avg. CPI

2008 16.00 202

2009 17.00 207

2010 18.00 209

Answer:

Option D Both real and nominal average hourly earnings increased.

Explanation:

The real average hourly rate for year 2008 = 16 * 100 / 202 = 7.92%

The real average hourly rate for year 2009 = 17 * 100 / 207 = 8.21%

The real average hourly rate for year 2010 = 18 * 100 / 209 = 8.61%

We can see from the above scenario that the real avearage hourly rate has increased from the year 2008 to year 2010. We can also see that the inflation has also increased as the CPI is growing from the year 2008 to 2010.

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4 years ago