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To compute the percent change, divide the analysis period amount by the <u>base period amount</u> and multiply the result by 100.
The definition of a percentage change is an increase or reduction in value caused by changes in the old and new numbers. The change can therefore have a positive or negative value.
This is an increase in percentage if your response is a negative number. If you want to determine the percentage increase or reduction of numerous integers. While negative values denote a percentage decline, positive values denote a gain.
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Answer:
The standard direct labor rate per hour is 1.3 hours
Explanation:
For computing the standard direct labor rate per hour, we have to use the equation which is shown below:
= Standard production time + allowance for rest periods + setup time
where,
Standard production time is 1 hour per unit
Allowance for rest period is 0.2 hours
Setup time is 0.1 hours
Now put these values to the above formula
So, the answer would be equal to
= 1 hour per unit + 0.2 hours + 0.1 hours
= 1.3 hours
The other information which is given in the question is irrelevant. Thus, it is ignored and therefore, it is not consider in the computation part.
Hence, The standard direct labor rate per hour is 1.3 hours
Answer:
Public sector provides many services such as; education, health and social care.
A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where
- price = marginal cost
- marginal revenue = marginal cost
- marginal benefit = marginal cost
Option D
<u>Explanation:
</u>
All of the options are true.
In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.
It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.
