Answer:
Direct labor cost= $31,200
Explanation:
Giving the following information:
Production= 48,000 units
Standard time= 3 minutes per unit
Rate= $13 per hour
First, we need to calculate the number of hours required:
The proportion of minuted per hour= 3/60= 0.05
Number of hours= 48,000*0.05= 2,400 hours
Now, the direct labor cost:
Direct labor cost= 2,400*13= $31,200
This illustrates that a moving <span>inflation is directly related to the increasing costs of transactions.
The situation perfectly implies that costs will be incurred to ensure efficient
and effective flow of processes. This theory also applies to all business strategies of companies.</span>
Answer:
Exploratory
Explanation:
Sheena, marketing manager for Yaard-Vark Lawn Tractors, is interested in the relationship between the prices of lawn tractors and the level of sales. To test whether increasing prices will lead to a change in sales and, if so, how much of a change, she should use exploratory research.
Exploratory research is the kind of research where an unknown phenomenon is worked upon. In this case, Sheena does not know the effects of prices on sales. Therefore she carries out exploratory research to fill in the blanks.
Answer:
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