Answer:
It is cheaper to produce in-house. Cost savings= $3500
Explanation:
We need to find whether it is better to produce in-house or to purchase to a supplier.
Q= 175000
Produce in house:
Direct Materials $15,000
Direct Labor $5,000
Variable overhead $6,000
Fixed overhead $9,000
Total cost= $35000
Outsource:
Purchase Cost= 175000q*$0.18= $31500
Fixed Cost= (9000-2000)= $7000
Total cost=$38500
It is cheaper to produce in-house. Cost savings= $3500
Answer:
The rule of 72 establishes that, to determine the time in which an investment will double its initial capital through the generation of compound interest, 72 must be divided by the interest rate number of said financial investment.
In the present question, the interest rate is 7.8%, with which the investment would double in 9.23 years (72 / 7.8 = 9.23).
Now, at the same time there will be an annual inflation of 4.9%, that is, an accumulated inflation of 45.22% (4.9 x 9.23 = 45.22). In other words, the real growth of investment will not be 100%, but the accumulated inflation will have to be discounted from said number, with which the real growth of investment will be 54.88% over those 9.23 years.
Answer:
Increase
Explanation:
The elimination of minimum wage, means that the wage or "price" for teenage workers will decrease.
Next we can use the information that both type of workers are complements. Remembering that two goods are complements if the cross price elasticity is negative. This means that if the price of one good decreases the demand for the other will increase.
Since the price for teenage workers decreased by the elimination of minimum wage that will make the demand for adult workers to increase.
Answer:
A) cost of units completed and transferred out plus the cost of ending work in process.
Explanation:
The total costs accounted for in a production cost report consists of Cost in units of Work - In - Process Inventory and Cost Incurred During the Current Period.These Costs equal cost of units completed and transferred out plus the cost of ending work in process.
Answer and Explanation:
There are various types of experiences that in case when the organization does not engage in HR and staffing planning which are as follows
1. Employees in shortage capacity
2. In shortage of skills
3. Lacking of motivation skills
4. Inflexible working environment
5. Inadequate workforce, etc
These types of experiences the organization is facing if it is not engaged with the HR and the staffing planning
