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melamori03 [73]
3 years ago
12

During the first week of October, the workers at Walton's Widget Factory produced the following outputs: on Monday, 10 workers p

roduced 250 widgets; on Tuesday, 11 workers produced 286 widgets; on Wednesday, 13 workers produced 364 widgets; on Thursday, 14 workers produced 396 widgets; and on Friday, 12 workers produced 324 widgets. What is the average product of labor per day?
Business
1 answer:
EleoNora [17]3 years ago
8 0

Answer:

The average product of labor per day is 324

Explanation:

To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.

Average Product= total number of widgets /days

Monday, 10=250 widgets

Tuesday, 11=286 widgets

Wednesday, 13 =364 widgets

Thursday, 14 workers= 396 widgets

Friday, 12 workers=324 widgets

TOTAL WIDGETS= 250+286+364+396+324=1620

Days= 5 days

Average Product= 1620/5=324

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During 2020, Concord Corporation acquired a mineral mine for $3700000 of which $395000 was ascribed to land value after the mine
Ivanshal [37]

Answer:

$429,650

Explanation:

Cost of Mineral Mine             $3,700,000

Less: Ascribed Land Value   <u>$395,000</u>

Depletionable Value             <u>$3,305,000</u>

No of units can be extracted from Mine = 10,000,000 units

No of units Sold = 1,300,000 units

Depletion Value = $3,305,000/10,000,000 * 1,300,000

Depletion Value = $429,650

6 0
2 years ago
Parsons Company is planning to produce 2,900 units of product in 2020. Each unit requires 2.00 pounds of materials at $7.00 per
olga55 [171]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total cost of producing 2,900 units:</u>

Total cost= direct material + direct labor + allocated overhead

Total cost= (2*7)*2,900 + (0.5*16)*2,900 + [(0.5*16)*0.6]*2,900

Total cost= 40,600 + 23,200 + 13,920

Total cost= $77,720

<u>Now, the unitary standard cost:</u>

Unitary cost= total cost/number of units

Unitary cost= 77,720 / 2,900

Unitary cost= $26.8

3 0
2 years ago
Indicate the effect each account has on retained earnings. (increase, decrease, or no effect)
mojhsa [17]

Answer:

<em><u>Decrease:</u></em>

a)advertising expense

c) Insurance expense

d) Salaries & Wages Expense

g) Utilities Expens

<em><u>Descrease:</u></em>

e) Dividends

<em><u>Increase:</u></em>

b)Service revenue

f) Rent revenue

Explanation:

The retained earnings accumulates the net income of every year.

As net income is determinate like:

revenues - expense = gross profit

expense will make this difference lower and therefore not beign able to help you These are the changes for:

adv expense

service revenue

insurance exepense salaries and wages

Dividends will also decrease RE as they represent a disribution of the accumualted earnings in favor of the stockholders

Finally revenues increase it as they make net income to increase as well.

5 0
2 years ago
​Alice, Betty, and Cathy are interested in forming a business venture. Alice is quite wealthy and is ready to contribute money t
jolli1 [7]

Answer:

I agree with that, because all of them have good bussiness ideas.

5 0
3 years ago
A tariff can be described as ____. The purpose of a tariff is to protect ___.
Ostrovityanka [42]

Answer:

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

Explanation:

You should consider the case of rent seeking. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.

4 0
3 years ago
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