Answer:
Use more labor and fewer capital.
Explanation:
Given that,
For producing 10,000 gadgets,
Labor hours use = 80
Capital = 6 units
Marginal product of labor = 4 gadgets per hour
Marginal product of capital = 20 gadgets per unit
Cost of each unit of labor = $8 per hour
Cost of each unit of capital = $50 per unit
Therefore,
Marginal product per dollar for labor is as follows:
= 0.5
Marginal product per dollar for capital is as follows:
= 0.4
Hence, the marginal product per dollar for labor is greater than the marginal product per dollar for capital, which means that the firm should use more labor and fewer capital.
Answer:
$ in thousands) 2020
Net sales $4,163,770
Cost of sales before special charges 1,382,235
Special inventory obsolescence charge 27,876
Total cost of sales 1,410,111
Gross profit 2,753,659
Selling, general and admin expense 1,570,667
Research and development expense 531,086
Explanation:
A positive impact of economic globalization is the economic integration. The world as a global village has experienced an unprecedented level of economic integration in the sense that many companies across a wide range of countries have been able to propose a variety of products to the world, which would have been very difficult or even impossible in a context of locally based or centred economy.
Answer:
The change in the dollar amount of inventory is $200 due to change in the inventory costing method.
Explanation:
The variable cost per unit is $6.00 while the fixed cost per unit is $2.00
Variable cost per unit = $6.00
Absorption cost pet units = $8.00
Total cost under absorption costing = Absorption cost per unit / number of units in ending inventory
Total absorption cost = $8.00 × 100 = $800
Total cost under variable cost = Variable cost per unit × number of units in ending inventory
Total variable cost = $6.00 × 100 = $600
Change in cost = Total absorption cost - Total variable cost
Change in cost = $800 - $600 = $200
<span>C) Renters don’t have to pay for major repairs to the property.</span>
