The part of staffing that involves seeking out and attracting qualified potential job

Which of the following describe strategies that China used to achieve the status of a high-performing Asian economy? Check all t

xenn [34]

Answer:

Export of labor-intensive products

Heavy investment in building a world-class infrastructure to attract foreign investment

Explanation:

The population of China is the highest in the world, hence they concluded that they needed to use their number to their own advantage by adopting a labor-intensive production technique which enables them to export their products as well as ensuring a higher percentage of the populace is gainfully employed, little wonders how China products are available the world over.

Also, they provided world class infrastructures which serve as incentives for foreign direct investment, for instance Apple moved its main factory to China due to the cheaper and available workforce coupled with the state of the art technological infrastructural development achieved by the Chinese people.

3 0

3 years ago

Read 2 more answers

A process cost summary for a production department accounts for all costs assigned to that department during the period plus cos

tigry1 [53]

Explanation:

The process cost shows the summary of the activities related to the production. It includes the cost of goods completed & transferred units and the ending work in process inventory.

So, the given statement is true

The indirect cost are come under the manufacturing overhead cost. So, it would be charged to overhead control account

Thus, the given statement is false.

The direct labor includes that labor which is directly related to the production process of a product. So the single production department is likely to be a direct labor

Thus, the given statement is true.

To record the allocation of overhead, the following journal entry is required

Work in Process Inventory, Baking Dept A/c Dr $24,500

To Factory overhead A/c $24,500

(Being the overhead allocation is recorded)

The computation is shown below:

= Direct labor cost × allocation rate

= $10,000 × 245%

= $24,500

Thus, the given statement is true.

7 0

3 years ago

Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of acti

Jobisdone [24]

Answer and Explanation:

The preparation of the report showing the company revenue and spending variance is shown below:

Cryan Jeep Tours

Revenue and Spending Variances

For the Month Ended May 31

Particulars Actual Results Flexible Budget Revenue & Spending Variances

Guests 507 507

Jeeps 192 192

Revenue $82,854 $104,949 $22,095 U (A)

(507 ×$207)

Expenses:

Tour guide wages $32,357 $31,104 $1,253 U

(192 × $162)

Vehicle expenses $20,140 $25,846 $5,706 F

($5,500 + 507 × $14 + 192 × $69)

Administrative expenses $7,388 $8,591 $1,203 F

($2,000 + 507 × $13 )

Total expense $59,885 $65,541 $5,656 F (B)

Net operating income $22,969 $39,408 $16,439 U (A - B)

We simply deduct all expenses from the revenues so that the net operating income could come

8 0

2 years ago

Rocco earns $19.00 per hour for straight time (40 hours), and the company pays him time-and-a-half for overtime. he worked 49

hram777 [196]

The solution to get the gross pay for the week of Rocco;First we will calculate the straight time pay which is (40 x $19.00) = $760, second is the overtime pay which is (3 x $19.00 x 1.5) = 85.5, we will just add the straight time pay and overtime pay to get the gross pay and it is $845.5

4 0

3 years ago

A cartel is difficult to maintain for which of the following reasons? A. Consumers substitute away from the good when the price

Ulleksa [173]

Answer:

The correct answer is option B.

Explanation:

A cartel can be defined as a group of independent producers who come together to form a group in order to improve profits. In an oligopoly market, there are few firms in the market. The firms are such that the economic decisions of one firm or producer affects their rivals.

In such a situation, the firms come together to form a cartel to protect their interests. In a cartel, production limits are set for all producers so that the price is high. But cartels are generally short-lived.

This is because the individual producers have incentives to cheat the cartel by producing more than a set limit so that they can increase their profit and market share.

4 0

3 years ago