Contractual workers or seasonal workers are favorable to businessmen because they don't have benefits to be complied on by companies compared to permanent workers. They also have the idea that other workers can be employed if the basis is seasonal work.
Answer and Explanation:
The preparation of the income statement is presented below:
Revenues
Fees earned $520,400
Total revenues $520,400
Less expenses:
Depreciation Expense $9,800
Insurance Expense $1,860
Miscellaneous Expense $3,920
Rent Expense $74,500
Salaries Expense $261,700
Supplies Expense $3,330
Utilities Expense $28,400
Total expenses $383,510
Net income $136,890
Answer:
$634,443
Explanation:
The computation of total overhead applied to Product P4 under activity-based costing is shown below:-
Activity Expected Expected Activity
costs Activity Rate
a b c = a ÷ b
Labor related $145,000 6,000 DLHs 24.17 per DLHs
Production
orders $68,360 1,400 orders 48.83 Per orders
Order size $1,069,190 5,800 MHs 184.34 per MHs
Product P4
Activity driver Overhead
Incurred Assigned
d e = c × d
2,000 $48,340
300 $14,649
3,100 $571,454
Total overhead cost $634,443
Soft customer-defined standard.
Opinion based measures that cannot be observed and must be collected by talking to customers(perceptions, belief) is called Soft customer-defined standard.
Complete Question:
If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is
Group of answer choices:
A. they will both increase market share.
B. they will simply neutralize one another's efforts.
C. they will both lose market share.
D. they will both improve their industrial position.
Answer:
B. they will simply neutralize one another's efforts.
Explanation:
If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is they will simply neutralize one another's efforts.
A monopolist can be defined as an individual who is engaged in selling a unique product in a market without any competitor. Also, a monopolistic competition involves various firms engaged in monopoly competes with one other, but selling products that are unique and distinct from the other.
Hence, when two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, this would result in one monopolist effort canceling or nullifying the effort of the other. This simply means that, it would have been as though none of them had made any effort at all because they were both involved in doing the same thing. Thus, making the market the same as it were originally prior to their advertising efforts.
