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3 years ago

PS.02 A process that utilizes inexpensive general-purpose capital equipment will tend to have higher skilled workers.

Business

1 answer:

dsp733 years ago

5 0

Answer:

True

Explanation:

There are various manufacturing process some require skilled workers and some operations demand expensive machinery and capital equipment. The process that utilises inexpensive general-purpose capital equipment generally requires skilled workers to operate it. Inexpensive equipment is not easy to handle and require experts to maintain and operate, which is why the above statement is true.

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Walt Bach Company has accumulated the following budget data for the year 2019.

mrs_skeptik [129]

Answer:

Walt Bach Company

a) Schedule of Cost of Goods Sold

Direct materials = $400,000 (2*$5*40,000)

Direct labor = 960,000 (1.5*$16*40,000)

Manufacturing overhead = 360,000 ($6*60,000)

Total cost of goods sold = $1,720,000

b) Budgeted Income Statement for 2013

Sales Revenue $2,200,000

Cost of goods sold (1,720,000)

Gross profit $480,000

Selling and admin. exp. 200,000

Income before tax $280,000

Income tax (30%) (84,000)

Net income $196,000

Explanation:

a) Budget Data and Calculations:

Sales: 40,000 units, unit selling price $55, Revenue = $2,200,000

Cost of one unit of finished goods:

Direct materials 2 pounds at $5 per pound = $400,000 (2*$5*40,000)

Direct labor 1.5 hours at $16 per hour = $960,000 (1.5*$16*40,000)

Manufacturing overhead $6 per direct labor hour = $360,000 ($6*60,000)

Inventories (raw materials only):

Beginning, 10,000 pounds;

Ending, 15,000 pounds.

Selling and administrative expenses: $200,000.

Income taxes: 30% of income before income taxes.

6 0

3 years ago

With negotiated transfer pricing, what is the minimum transfer price if operating at capacity? What is the minimum transfer pric

dezoksy [38]

Answer:

Minimum transfer price when operating at capacity is the marginal cost + opportunity cost

Maximum transfer price is marginal cost only, when not operating at capacity.

Explanation:

Minimum transfer price when operating at capacity is the marginal cost + opportunity cost because when operating at capacity there are 2 elements involved - the cost at which it has made the units it will be transferring to another department within the organisation, and the profit it would have made if it had sold those units to others (opportunity cost)

Maximum transfer price is marginal cost only, when not operating at capacity because the department is constrained, it can only produce for the satisfaction of internal demand, not external customers; hence there is no case of opportunity costs.

8 0

3 years ago

For each of the goods, classify them according to whether they are rivalrous, nonrivalrous, excludable or nonexcludable. Rivalro

sergij07 [2.7K]

Answer:

A)A sports team t-shirt:(Rivalrous and Excludable)

B)The air we breath (Nonrivalrous and nonexcludable)

C)Atlantic Bluefin Tuna in the Mediterranean Sea:(Rivalrous and nonexcludable)

D)A toll road in normal traffic:(Nonrivalrous and excludable)

Explanation:

Excludable goods can be regarded as goods whereby there is possibility of preventing consumers that has not paid for that good from accessing it.

Rivalrous goods are types of goods that can only be occupied by a person

there is competition created for their consumption.

Non-excludable goods can be regarded as public goods they are one

which are commonly available within a society for all people. These goods cannot be excluded from certain person.

Non-rivalrous goods can be regarded as public goods whereby the supply of that goods is not affected by consumption of people.

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3 years ago

Culture is important in communication because a competent speaker...

Aleonysh [2.5K]

B. is knowledgeable about every culture is the most probable answer

4 0

3 years ago

In a portfolio problem, X1, X2, and X3 represent the number of shares purchased of stocks 1, 2, and 3, which have selling prices

vaieri [72.5K]

Answer:

The correct solution is " $x_1 \leq 0.35 (x_1 + x_2 + x_3)$ ".

Explanation:

According to the question,

Let,

For stock 1,

The number of shares to be purchased will be " $x_1$ ".

For stock 2,

The number of shares to be purchased will be " $x_2$ ".

For stock 3,

The number of shares to be purchased will be " $x_3$ ".

then,

The cumulative number of shares throughout stock 1 would be well over or equivalent towards the approximate amount of all the shares or stocks for the set limit.

i.e., $x_1+x_2+x_3$

Thus the correct equation is " $x_1 \leq 0.35(x_1+x_2+x_3)$ ".

7 0

2 years ago