Answer:
under-applied overheads is $1,340
Explanation:
Note : I have attached the full question/similar as an image below.
Actual Overheads = $594,960
Applied Overheads = $594,960 / 22,200 x 22,150 = $593,620
Since,
Actual Overheads > Applied Overheads, overheads have been under-applied.
Amount of under-applied overheads is $1,340 ($594,960 - $593,620).
Answer: c.) hire less labor and rent more capital
Explanation:
To answer this we would need to find out the Marginal cost per dollar of producing with either form of production being labour or capital.
The Marginal Product of Labour is 20 units resulting from $4 dollars so that means that for every dollar spent on Labour we get,
= 20/4
= 5 units of output.
However, The Marginal Product of renting Capital is 30 units resulting from $5 dollars so that means that for every dollar spent on Capital we get,
= 30/5
= 6 units of output.
This means that renting Capital is more efficient because we get 1 more unit of output per dollar and so to minimize cost of production without changing the level of output, the firm should hire less labor and rent more capital.
Answer:
Option C The degree of uncertainty about the actual outcome of a decision.
Explanation:
The reason is that risk is the vulnerability of an desired outcome and which can be measured. So if toss a coin there are 50% chances that head will appear and I will loose money and 50 percent chances that tail will appear and I win money. So undesired outcome here is head appearing because I will loose money and it has 50% chances. So risk result in undesired outcome in an uncertain environment.
Answer:
violation/accident.
Explanation:
Its violation because its a violation to the property, but you also can use accident because it mean a situation not done on purpose or something unexpected which will cause damage or injury.
