All categories

4 years ago

Which of the following statements accurately brings out the difference between economies of scale and learning effects?

Business

1 answer:

Andre45 [30]4 years ago

5 0

Answer:

Learning effects occur over time, whereas economies of scale are captured at one point in time when output is increased.

Explanation:

Learning effect is defined as as the process by which education results in increased productivity and in turn higher wages. This process takes time because most specialised skills need to be learnt in a formal institution over time.

Economies of scale is defines as cost reduction that a company experiences when there is an increase in production. Fixed cost realised can be spread over a larger number of produced units. Economies of scale is captured at one point in time when output is increased.

You might be interested in

Calculate the simple interest on a loan of $9000 at an interest rate of 8% for 6 years?

alexandr402 [8]

Answer:

$4,320

Explanation:

Covert 8% to a decimal, in this case is 0.08. Then multiply all three values together.

9000 * 0.08 * 6 = 4320

5 0

3 years ago

In a ________, a small team of workers handle all aspects of building a component, a “family” of components, or a finished produ

zysi [14]

A business setting or place

3 0

3 years ago

Read 2 more answers

Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen. Compute the standard cost for one dozen cupcakes,

Andrej [43]

Answer:

The correct answer is $15.69.

Explanation:

According to the scenario, computation of the given data as follow:-

We can calculate the cupcake sold by the dozen by using following formula:-

Cost for a dozen cupcake = Direct material + Direct labor + Factory OH

Where,

Direct material = 4.25 × $0.56 = $2.38

Direct labor = 1.10 × $8.30 = $9.13

Factory overhead = 1.10 × $3.80 = $4.18

By putting the value in the formula, we get

= $2.38 + $9.13 + $4.18

= $15.69

6 0

3 years ago

Adjust the separate financial statements of Parent Inc. to reflect the proposed acquisition. Adjust Parent's pro forma 2019 fina

Dvinal [7]

Answer:

Separate financial statement are adjusted and prepared for parents and subsidiaries.

Explanation:

6 0

3 years ago

John at Tim’s Toys was working on a custom-made miniature car for a customer. The job, BCB101, was begun in March. At the end of

Anton [14]

Answer:

Applied overhead= $9,375

Explanation:

Giving the following information:

The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of $6,000, direct labor of 200 hours at $75 per hour, and overhead of 50% of direct labor cost.

During April, John’s time ticket showed 50 hours on Job BCB101.

Applied overhead= (200*75)*0.5 + (50*75)*0.5= $9,375

4 0

3 years ago