Answer:
1. Department A (manufactures parts in a highly automated process): Machine hours
2. Department B (assembles the parts by hand): Direct labor hours
3. Department C (places completed units in a heat chamber to sterilize the before they are shipped out): Batches
Explanation:
Machine hours is used to measure factory overhead as against the goods produced. This method is usually applied in production environment using machine, and where the most activities are done by machines. On the other hand direct labor is used when the production of goods and services is done by human hands, and not machines. While Machine hours is the appropriate overhead allocation rate for Department A, Direct Labor hours will be appropriate for Department B. Hence Batches will be appropriate for Department C.
Answer: Option D is unemployed.
Explanation:
Option A is currently fully occupied with his education.
Option B, Janice is still in college and not fully into the labor market.
Option C, is a high school student, just looking for a part time job, not really unemployed.
Option D, is not really engaged in any job or education, so currently unemployed.
Answer would be .24, according to my "calculations"
Answer:
Correct answer is D.
$4375
Explanation:
Amortization of actuarial gain or losses = Net actuarial gain/remaining service life
= 87500/20
Amortization of actuarial gain = $4375
Answer:
(i)New firms will enter the market.
(iii)In the long run, all firms will be producing at their efficient scale
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market price is set by the forces of demand and supply.
If firms are earning positive profits, in the long run new firms would enter into the industry and this woold drive positive profits to zero. As a result , firms would be operating at the efficient scale.
I hope my answer helps you
