Answer:
The answer is c.direct labor cost and overhead costs.
Explanation:
Conversion costs include direct labor and overhead expenses incurred in the process of converting raw materials into finished products
The option that represents the rise in labor productivity will be C. GDP increased from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.
Labor productivity simply means the workforce productivity. It's the real ouput per labor hours. It's the amount of goods that are produced for a given time period.
An increase in labor productivity will be the increase in the GDP from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.
Learn more about GDP on:
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Answer:
Hi the demand for each product for this question is missing, however, i have provided step by step approach to solving the problem below .
Explanation:
First Calculate the contribution per unit of each product
A B C
Sales price $65.50 $57.50 $75.25
Less Total variable cost ($28.85) ($26.50) ($38.95
)
Less Direct material cost ($11.25) ($8.90) ($22.75)
Contribution $25.40 $22.10 $13.25
Calculate the contribution per limiting factor of each product and rank the products
<em>contribution per limiting factor = contribution per unit ÷ quantity per limiting factor per unit</em>
A B C
Contribution $25.40 $22.10 $13.25
Quantity of limiting factor 4.65 6.3 5.9
Contribution per limiting factor 5.46 3.51 2.25
Ranking 1 2 3
Allocate the limiting factor according to the limiting factor
The company will on produce Product A as this is the most profitable.
Contribution = $25.40
Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.
Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.
Learn more about the burden of this tax here.
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Grace period is the answer aka c
