Answer:
A. is paid by firms who can't directly monitor the work effort of their employees
Explanation:
The efficiency wage refers to a wage that is greater than the equilibrium wage which firms pay to employee voluntarily in order to bring about higher productivity and profits.
The efficiency wage is usually paid in order to avoid "shirking" (screwing around) when it is not possible for firms to directly monitor the work effort of their employees.
Screwing around implies wasting time by enganging in unproductive activity.
Therefore, the theory of effiiciency wage predicts that amployees are motivated to harder ans smarter when they are paid an efficiency wage when it is not possible for firms to directly monitor the work efforts of the employees.
Answer:
$210,400
Explanation:
Particulars Amount
Cost of Goods Manufactured $380,900
Add: Closing WIP $46,000
Less: Opening WIP -$35,000
Less: Factory Overhead Applied -$125,600
Less: Direct Labor -$62,700
Add: Closing stock of Direct material <u>$6,800 </u>
Direct Material Available for use <u>$210,400</u>
Explanation:
CTSO is an abbreviation of Career and Technical Students Organization. This organization acts as the communication and collaborative vehicle for Career and Technical Students Organization. Following are the each career path with the CTSO :
Skills USA:
Cynthia wants to pursue a career in the IT industry
Business Professionals of America:
Betty dreams of becoming a computer engineer.
Family, Career and Community Leaders of America:
Ethan seeks a job in politics.
Health Occupations Students of America:
Daphne wants to be a nurse
National FFA organization:
Andrey wants to pursue a career in Farming.
Answer:
D. The price per unit changes as volume changes.
Explanation:
According to the assumption of cost-volume-profit (CVP) analysis, the fixed cost will remain constant. It will never be changed. Because of the change in volume, the total cost would get affected that means the total cost amount is changed as compare before. As the volume changes, the price per unit is also the same.
So, the appropriate option is d. As the sales volume changes with the change in volume and the same are applied for variable cost.