Answer:
division of labor
Explanation:
At the time of its uprising, the Industrial Revolution changed the nature of division of labor in society. This refers to the concept of dividing the production of a product within the manufacturing process into various different stages. This concept or strategy helps workers focus specifically on a single task which increases performance, and thus profit for the company.
If the graph represented a perfectly competitive industry, then the quantity of output produced would be 160 units.
<h3 /><h3>What is the quantity produced in a perfectly competitive industry?</h3>
Companies in any industry would try to maximize their profit by producing at a point where marginal revenue is the same as marginal cost.
This is the same in perfectly competitive industries like the ones shown in the graph.
The difference is that, in a perfect competition market, the demand curve is the same as the price which is also the same as the marginal revenue curve.
This means that the point of maximizing profit in a perfectly competitive industry is:
P = MR = MC
The point where the Marginal revenue curve intersects with the Marginal cost curve is 160 units as the marginal revenue curve is the demand curve.
In conclusion, the output would be 160 units.
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Answer:
$43.75 per direct labor Hour
Explanation:
Overhead rate is the rate of allocation of overheads based on an activity. In this question direct labor is used as an activity. Total overhead of a plant also includes the utilities of the plant.
Total Overhead of plant = $3,600,000 + $950,000 = $4,550,000
Direct labor hours = 104,000 hours
We can calculate the overhead rate after dividing total overhead with total direct labor hours.
Plant-wide overhead rate = $4.550,000 / 104,000 = $43.75 per direct labor Hour
Answer:
a) under FIFO
COGS = $461
ending inventory = $120
b) under LIFO
COGS = $491
ending inventory = $90
Explanation:
inventory:
March 3 Inventory 12 units at $15
March 11 Purchase 13 units at $17
March 14 Sale 18 units
March 21 Purchase 9 units at $20
March 25 Sale 10 units
under FIFO COGS:
March 14
Dr Cost of goods sold 282
Cr Merchandise inventory 282
March 25
Dr Cost of goods sold 179
Cr Merchandise inventory 179
under LIFO COGS:
March 14
Dr Cost of goods sold 296
Cr Merchandise inventory 296
March 25
Dr Cost of goods sold 195
Cr Merchandise inventory 195
Answer:
b. zone of tolerance
Explanation:
Zone of tolerance is a concept used in customer service, which refers to the range of service performance that a customer perceives to be satisfactory and tolerable. This zone is between the service performance that the customer expects and the adequate or minimum level of service performance.
Considering the information given in the scenario in the question about John, regarding the time that his room would be ready in line with the standard check-in time, we can infer that his wait time fell within his <em>zone of tolerance</em>, as he doesn't mind waiting since the waiting time he expected is between his expectations regarding desired service and the minimum level of service he will accept.
