Answer:
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
<u>Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>
Predetermined manufacturing overhead rate= (1,192,360 / 52,000) + 2.78
Predetermined manufacturing overhead rate= 22.93 + 2.78
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
Explanation:
we should use income statement to find the new profit and the gross profit first then we can find out the expenses while doing it down on the statement anything which had written expenses is expenses.
Answer: $13.50
Explanation:
The following information can.be deduced from the question:
Distance covered = 1500 miles
Cost per mile = $ 4.50
We need to calculate the total cost of the transportation first. This will be:
= 1500 x $4.50
= $6750
We are further told that it normally ships 500 units at a time.
Therefore, tge line haul cost per unit will be:
= $6750/500 = $13.50
Answer:
Escalation of commitment
Explanation:
Escalation of commitment is the situation where an individual invest the resources into a course of action which is failing. Resources could be time, energy and money which an individual continue to invest into an investment as the individual do not want to be inconsistent.
So, in this situation, before releasing the payment, he ensures that the targets should be met for the performance. He is avoiding the situation of escalation of commitment bias.
Answer:
c. The demand for labor decreased while the supply of labor increased over this period
Explanation:
In a classical model, the production function depends on the capital stock (K) and labor (L). The production function is: Y(K,L). If the capital stock and technology increases, then firms will use more this production factor than labor. This will traduce in a decrease in the demand labor. Remember firms demand labor and workers offer it.
If real wages increase too, then more people would like to work. This will increase the total labor supply.
