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3 years ago

EB8.

Business

1 answer:

Mashutka [201]3 years ago

6 0

Answer:

Total cost of each job

Job 131 Job 132 Job 133

$ $ $

Direct material 3,485 39,853 2,301

Direct labour 2,353 34,245 2,037

Overhead applied 4,706 74,098 4,338

Total cost of each job 10,544  148,196 8,676 

Explanation:

The total cost of each job is the aggregate of direct material, direct labour and overhead applied. Since the company assigns overhead at twice the direct labour cost, it implies that the direct labour will be multiplied by 2 so as to obtain the overhead applied.

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Katie Kwasi’s utility function is U(x1, x2) = 2(ln x1) + x2. Given her current income and the current relative prices, she consu

aniked [119]

Answer:

Katie Kwasi's Utility Function

The units of x1 that she will consume after the change in income is:

= 40 units of x1

Explanation:

a) Data and Calculations:

Katie Kwasi’s utility function, U(x1, x2) = 2(ln x1) + x2

Current consumption = 10 units of x1 and 15 units of x2

When her income doubles, with prices staying constant, Katie will consume:

= 2(2 * 10 of x1) + 15 of x2

= 40 units of x1 + 15 units of x2

Therefore, she will consume 40 units of x1 and 15 units of x2

b) The above function expresses mathematically Katie's utility to be a function of the units of x1 and x2 that she can consume, given her income constraint. If her income doubles, Katie will consume double units of x1 and the same units of x2 as she was consuming before the change in income.

4 0

3 years ago

What is the difference between an authoritarian and a democratic manager?

dolphi86 [110]

Answer:

Autocratic leadership has only one person that has the authority to make decisions and takes very little to no inputs from other groups, Democratic leadership allows everyone to participate in decision making.

Explanation:

Authoritarian leadership, also known as autocratic leadership, is a management style in which an individual has total decision-making power and absolute control.

Democratic management involves managers reaching decisions with the input of the employees but being responsible for making the final decision.

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2 years ago

Sheffield Corp. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Bud

FinnZ [79.3K]

Answer:

How much is the total budgeted variable selling and administrative expenses for October?

$17,150

Explanation:

Variable Cost Fixed Cost Total costs

Per Unit for 7,000 units

Sales commissions $0.60 $7,000 $11,200

Shipping $1.20 $8,400

Advertising $0.30 $2,100

Executive salaries $34,000 $34,000

Depreciation $8,000 $8,000

Other $0.35 $28,000 $30,450

TOTAL $2.45 $77,000 $94,150

How much is the total budgeted variable selling and administrative expenses for October?

total variable costs per unit = $2.45 x 7,000 units = $17,150

6 0

3 years ago

Kevin bought 265 shares of Intel stock on January 1, 2019, for $76 per share, with a brokerage fee of $165. Then, Kevin sells al

garri49 [273]

Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

265shares x $76per share = $20,140

Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase = $20,305

Cost to sell = $215(brokerage fee)

3 0

3 years ago

Few restaurant management students opt for ____________________management, believing it lacks the variety, glamour and opportuni

sammy [17]

Answer: Quick service

Explanation:

According to the given question, the few restaurants student opting quick service management is the process of lack of varieties, opportunities and the glamour.

The Quick service is one of the disadvantage method using in the management as it contain the fast serving of the food and lack of the various types of variety in the food menu.

We are not able to manage all the stuff in order to satisfying the customer requirement and also lacks the opportunities for the self expression. Therefore, Quick service is the correct answer.

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2 years ago