Answer:
(a) $2.80; 3.40
(b) $1,400,000; $1,700,000
Explanation:
(a) Standards are stated as a per unit amount.
Therefore,
standard materials:
= Total estimated cost for materials ÷ Estimated production of Product X
= $1,400,000 ÷ 500,000
= $2.80
Standard labor:
= = Total estimated cost for labor ÷ Estimated production of Product X
= $1,700,000 ÷ 500,000
= $3.40
(b) Budgets are stated as a total amount.
Thus, the budgeted costs for the year are materials $1,400,000 and labor $1,700,000.
Answer:
Economic incentives
Explanation:
Economic incentives are what motivates you to behave in a certain way, while preferences are your needs, wants and desires. Economic incentives provide you the motivation to pursue your preferences
Incentives influence monetary advancement by legitimately actuating businesses to build the occupations in a nearby economy. The motivation might be some decrease in charges, for example, a property charge reduction.
The answer to the question is cash larceny of receivables. Cash larceny means that an individual or group has taken away an employer’s cash without the consent and against the will of the employers.
In other words, the employee has stolen money from the employer though the transaction is recorded in the books. In the case that Danielle is handling, it seems that the receivables have been taken by the employee.
A good principal to implement when you find yourself attempting to put too much information on a single slide is C)Less is more
Answer:
$ 600 per unit
Explanation:
Given:
selling price in the market = $ 600 per unit
From the given question it can be concluded that the firm is selling produce in the perfectly competitive market.
Now,
In the perfectly competitive market the marginal revenue is the selling price of the product.
Therefore, for the given question
the marginal revenue per unit = selling price = $ 600 per unit