Answer: The answer is <u>B, a job shortage occurs when there is a higher demand for jobs than there is for labor.</u>
Explanation:
During this type of shortage, the types of jobs being offered do not have the workers that are qualified. Skilled workers are needed for various jobs but they are hard to fill since students are going into high powered fields. Some of the industries that need workers are healthcare, hotels, and construction.
Answer: Customers would go elsewhere.
Explanation: Candace sells the muffins in her bakery at a higher price because she has a steady stream of customers willing to pay what she asks. She also supports local charities. This shows that there a positive association between Candace sale, her price and her support for the charity. Therefore, when she lower her price and stops her Charity contribution her sale should go down. This means that the customers will go elsewhere.
Answer:
Total cost= $6,765
Explanation:
Giving the following information:
Total direct labor-hours 70,000
Total fixed manufacturing overhead cost $511,000
Variable manufacturing overhead per direct labor-hour $ 2.10
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (511,000/70,000) + 2.1
Predetermined manufacturing overhead rate= $9.4 per direct labor hour
<u>Job K913:</u>
Total direct labor-hours 150
Direct materials $ 705
Direct labor cost $4,650
Total cost= 705 + 4,650 + (150*9.4)
Total cost= $6,765
