<span>The viability and relevancy of insurance products is used to protect your business in case if you specialized on manufacturing unusual products and provides maintain stability of your production.</span>
Answer: Structured compensation program
Explanation: In a structured compensation program the company structures the pay of employees on the basis of a predetermined criteria. The abilities needed to get promotion in such structure could be fixed on the basis of time period served or any other such criteria.
In the given case, Jamie gets promotion at every stage by passing a certain test. Thus, we can conclude that the company is performing structured program.
Answer:
a.$348,000
Explanation:
Research & Development Cost=Materials and supplies+R&D Salaries+Consultant fees+purchase cost of equipment=38,000+120,000+50,000+140,000
=$348,000
Answer:
The profit margin earned if each unit requires two machine-hours is 25%
Explanation:
For computing the profit margin, first, we have to compute the estimated overhead rate per unit which is shown below:
Estimated Overhead rate = (Estimated manufacturing overhead costs) ÷ (estimated machine hours)
= ($240,000) ÷ (40,000 machine hours)
= $6
Now the profit per margin would equal to
= Selling price per unit - direct cost per unit - overhead cost per unit × number of required machine hours
= $20 - $3 - $6 × 2
= $5
Now the profit margin would equal to
= (Profit per unit) ÷ (selling price per unit) × 00
= ($5 ÷ $20) × 100
= 25%
