Answer:
The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.
In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).
MRP = output units per additional unit of labor x price per unit = U x $9
MC = $700
U x $9 = $700
U = $700 / $9 = 77.78, so we round up to 78 units
In order to maximize profit, each additional unit of labor must generate 78 additional units of output.
Answer:
Variable overhead efficiency variance $ 8,018
<u> </u>Unfavorable
Explanation:
<em>Variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected. </em>
Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance
Hours
2,700 units should have taken (2,700 × 3.20) 8640
but did take (actual hours) <u> 9,400</u>
Efficiency variance in hours 760 unfavorable
standard variable overhead cost per hour <u>$10.55</u>
Variable overhead efficiency variance $<u> 8,018 </u>Unfavorable
Variable overhead efficiency variance $ 8,018
<u> </u>Unfavorable
You should always ponder the opportunity cost when making a
important purchase to make sure you choose making a payment that would be most
beneficial for you. Opportunity Cost refers to the financial opportunity that
is given up because you choose to do something else with your money
Answer:
The project Charter.
Explanation:
A project charter is a structured, generally short documents that outlines the project as a whole — including what the goals are, how it will be implemented, and who are the stakeholders. It is a crucial ingredient of project planning, since it is used throughout the life cycle of the project.
This scenario illustrates that Horizon has failed to fulfill its <u>"Legal responsibility".</u>
There are legal responsibilities for most private companies. They will differ contingent upon the idea of the business.
To stay away from issues later on it is imperative to comprehend your commitments. It is critical to know your commitments and legal responsibilities for working a business. This can be perplexing in light of the fact that directions can apply to a wide range of regions of your business.You are in charge of guaranteeing you have the right business enlistments and that they are kept up and recharged.
