Answer:
Learning curve
Explanation:
Reference is made to the time and cost with respect to the fact that the proposed system is about the same size as others. Learning curve theory teaches to identify cost and time in relation to specific jobs
Answer:
The hotel should charge $201 per day in order to maximize profit
Explanation:
According to the given data we have the following:
The number of occupied rooms is 300-x, and x vacant rooms.
Hence, The revenue R(x) = (300-x) * ($80 + x), the number of occupiedrooms times the charge per room.
The cost C(x) = (300-x) * $22.
Therefore, The profit P(x) = R(x)-C(x) = (300-x) (58 + x) = 17400 + 242 x -x^2.
P'(x) = 242 - 2x.
Critical point: x= 121.
So Charge = $80 + x = $80 + $121 = $201
The hotel should charge $201 per day in order to maximize profit
Answer:
$270,000
Explanation:
The computation of overhead cost is shown below:-
Variable manufacturing overhead = Manufacturing overhead ÷ Flexible budget
= $90,000 ÷ 15,000 hours
= $6 per hour
Total overhead costs for $25000 hours = Variable manufacturing costs + Fixed manufacturing costs
= $25,000 × $6 per hour + $120,000
= $150,000 + $120,000
= $270,000
Answer:
Skilled labor is an advanced factor endowment
Explanation:
According to porter's diamond about national advantage, the potential of factor endowments is increased by four factors that increases the nation advantage, these factors are: factors condition; firm structure, strategy and rivarly; demand condition; related and supporting industries.
Every factor leads changes on the national advantage, as an example, demand conditions because when the market conditions are more demanding the nation is willing to be more competitive, it pursues a best development on products and specialized labor skills.
