Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor
<h3>What is direct labor?</h3>
Direct labour are labor that are used for production.
It includes casual workers in factory, processing and packaging.
Therefore, Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor
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Chronic bronchitis is an inflammatory condition that results in excessive production of mucus in the large or main bronchial air passages resulting in reduced airflow and shortness of breath.
Answer: Accountants play major role in firms in handling financial records and auditing. Managers know financial information based on either background knowledge or learning on the job
Explanation:
The accountants are valuable to the organization because they monitor the monetary information that concerns the firm, they handle how cash come in and keep track of how they are spent, all these makes them valuable even to the extent of auditing information as regarding the firm. Managers might understand financial information either based on how they monitor what occurs in the organization or what they learnt in from college. But it's unsafe for the managers to handle financial situation without the aid of a professional accountant.
Answer:
Option A. $20
Explanation:
Marginal cost be MC, marginal revenue be MR and . We know that
MR = ∆TR ÷ ∆Q
or
MR = (P∆Q+Q∆P) ÷ ∆Q
Here,
P is Profit-maximizing price
or
MR = (P∆Q ÷ ∆Q) + (Q∆P ÷ ∆Q)
or
MR = P + (Q∆P ÷ ∆Q)
we can also write the above equation as
MR = 
also,
Price elasticity of demand PED = 
or
MR = P + [ P ÷ (PED) ]
We know MR = MC
Therefore,
MC = P + [ P ÷ (PED) ]
(P − MC) ÷ P = −1 ÷ PED
Substituting the values provided in the question
MC = $10
PED = -2
we get
P = [ PED ÷ (1 + PED)] × MC
P = ( -2 ÷ -1) × 10
or
P =$20
hence,
Option A. $20
Answer:
A) Comparability.
Explanation:
According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.
If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.
