Answer:
C) American Federation of Labor and Congress of Industrial Organizations (AFL-CIO)
Explanation:
The American Federation of Labor and Congress of Industrial Organizations was established in 1955 when the American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO) merged together. It is the largest union federation in the US and it is formed by fifty-five national and international unions. It has approximately 12.5 million members.
Answer:
Timothy; John
Explanation:
A country has a absolute advantage in producing a commodity if it produces that commodity with less inputs than the other country.
For Timothy, he can produce:
2 pairs of shoes per hour or 4 units of clothes per hour
For John, he produces:
1 pair of shoes per hour, or 5 units of clothes per hour.
Therefore, the Timothy has a absolute advantage in producing shoes because he can produce more number of shoes in an hour than John.
And, the John has a absolute advantage in producing clothes because he can produce more units of clothes in an hour than Timothy.
Usually cash income, or letter C, is
Answer:
amount allocated to the work-in-process ending inventory $ 30,000
Explanation:
Spoilage is treated as abnormal loss.
Completed units of Finished goods = 5000 units (100% complete)
Abnormal loss units = 4000 units (100% complete as loss detected on completion)
Closing WIP units = 1000 units (100% complete in respect to material )
Total equivalent unit for material = 10,000 units
Total cost of material = $300,000
Material cost per equivalent unit = $ 30 per equivalent unit
Material cost in Closing WIP(1000 units @30) = $ 30,000
So we first need to find the profit per unit, which means we need to find the number of units sold
profit = (sales price* quantity) - variable cost*quantity - fixed costs
plug in what we know
300,000 = (20q) - 12q-25,000
275,000 = 8q
q= 34,375 units produced. Then take profit/units = 300,000/34375 = 8.73 profit per unit
Now if we sell 5,000 more units, we would have 8.73*5000 = 43,636.36 additional profit