There are ground fault circuit interrupted outlet for Lighting equipment listed for horticultural use.
<h3>What is ground fault circuit interrupter?</h3>
A ground fault circuit interrupter serves as one that help prevent electrocution.
The Lighting equipment when connected with ground fault circuit interrupter makes the working environment a safe one. GFCIs are generally installed where electrical circuits may accidentally come into contact with water.
Learn more about ground fault circuit interrupter at:
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Answer:
It is more convenient to buy the component from the outside supplier.
Explanation:
Giving the following information:
Make in-house:
Direct materials $8
Direct labor $5
Variable manufacturing overhead $3
Fixed manufacturing overhead $5
Unit product cost $ 21
Outside supplier:
Units= 2,900
Selling price= $16
80% of the fixed manufacturing overhead costs are avoidable.
We need to calculate the total cost of each option and choose the cheapest.
Produce in-house:
Total cost= 21*2,900= $60,900
Buy:
Total cost= 16*2,900 + (5*0.2)*2,900= $49,300
It is more convenient to buy the component from the outside supplier.
Answer:
The correct answer is B) The value of taking care of her neighbours son for 60 minutes.
Explanation:
Opportunity Cost belongs more in the parlance of microeconomics and is used to describe the idea that one cannot have everything all the time. There are alternative ends competing for limited means. In order words, when we decide to take a course of action, in the hope of achieving a thing or getting a reward, there is always another benefit forgone.
So knowing that there is an opportunity that was foregone helps the microeconomist to think carefully about what they want to achieve using the limited resources at their disposal.
Further simplified, if I have $5 dollars to spend, and that amount can purchase either a cupcake or a cup of ice cream, the one I chose to buy becomes the opportunity taken, whilst the alternative forgone is the opportunity cost.
Therefore, the cost of an item is not just the amount of money for which it was purchased, but all other alternatives with which the same amount could have been purchased.
In the question above, Deidre would have chosen to babysit her neighbor's son. That to her is the next best use of her time, and therefore the opportunity cost. According to the question, she wouldn't have worked in the library even if she had nothing else to do. Hence, that does not pass as opportunity cost.
Opportunity cost must be an alternative choice and is very subjective.
Cheers!
Answer:
Model 280 is $21000 cheaper.
Explanation:
Giving the following information:
CraftMaster Corporation purchased a machine 7 years ago for $339,000 when it launched product X05K. Unfortunately, this machine has broken down and cannot be repaired.
The machine could be replaced by a new model 360 machine costing $353,000 or by a new model 280 machine costing $332,000.
We don't have any information regarding variable costs, fixed costs, useful life, etc.
The only differential cost provided is the purchase price.
Differential cost= model 360 - model 280= 353000-332000= $21000
Model 280 is $21000 cheaper.