If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.
<h3>
What is Factors of production?</h3>
Factors of production can be defined as factors, inputs or resources that contributed to the production of goods and services.
Labor, land , capital as well as entrepreneurship play a major role when it comes to production of goods and service as they are the factors that contributed to the production of goods and services which in turn means that they are essential.
Therefore If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.
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Answer: Option A
Explanation: In simple words, return on investment refers to the profit that an investor makes on the total amount of resources he or she employs in an investment. An investor setting a standard regarding earning a profit in relation to his or her investment in a project is called a return on investment objective.
Generally such objectives are set for earning at least a minimum amount, however above that will be accepted positively and higher return that the set criteria is possible as well.
Hence from the above we can conclude that the correct option is A.
The answer to this question is <span>a. A portfolio of with a high percentage of stocks.From the options above, stock is considered the most volatile type of investments and considered high risk& high return. The price of stock could change within days and this could either give a really large profit for the shareholders or make shareholders lose their capital badly when the market price of the stock fall down.</span>
Answer:
A)
standard :direct material :9000/1000=9 pound per bad*.40=3.6
DL :48/1000=.048 *8.5=.408
voh: 16/1000=.016*10=.16
Actual Standard
DM 3578/1000=3.578 3.6
DL 450/1000=.45 .408
VOH 225/1000=.225 .16
Total variable cost per bag $4.253 4.168
b)
Materials price variance =actual cost-[AQ*SR]
=3578-[9300*.40]
= 3578- 3720
= -142 F
Quantity variance =SR[AQ-SQ]
= .40[9300-9000]
= 120 U
Labor rate variance = Actual cost-[ah*sR]
= 450-[45*8.5]
= 450-382.5
=67.5 U
Labor efficiency variance =SR[AH-SH]
= 8.5[45-48]
= -25.5 F
Variable overhead rate variance = actual cost- [AH*SR]
= 225-[18-10]
= 225-180
= 45 U
VO efficiency variance =SR[AH-SH]
= 10[18-16]
= 20 U
c)
A-Use of higher skilled employees and high efficiency equipment.
Engagement of skilled labor requires high payment resulting unfavorable variance and with the use of high efficiency equipment ,labor time is reduced resulting favorable variance.