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3 years ago

9

A firm's marginal product of labor is 4 and its marginal product of capital is 5. if the firm adds one unit of labor, but does

not want its output quantity to change, the firm should

1 answer:

Irina18 [472]3 years ago

7 0

The firm should hire 2 more people

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School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school sy

Blababa [14]

Answer:

Production Budget ( July August September) 5200, 6300, 9000

Sales Budget ( July August September) $ 300,000 $ 360,000 $ 450,000

Direct Materials Budget ( July August September) $ 31860 $ 39,420 $ 48,600

Direct Materials Units Budget ( July August September) 53,100 65,700 81,000

Direct Labor Budget ( July August September) $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget ( July August September)7800 9450 13500

Explanation:

The formula used are

<em>1) Production Budget = Sales + Desired Ending Inventory Less Opening Inventory</em>

<em>2) Sales Budget= Sales * Price Per unit</em>

<em>3) Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory</em>

<em>Raw Materials Costs= Raw Materials Budget * Costs</em>

<em>4) Direct Labor Hours Budget = Production * Direct Labor Hours</em>

<em>Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour</em>

<em><u /></em>

<u>School Days Furniture, Inc.</u>

<u>Production Budget</u>

<u> July August September </u>

Sales 5000 6000 7500

+ Desired

Ending Inventory 1200 1500 ------(assuming zero inv)

Less Opening

<u>Inventory 1000 1200 1500 </u>

<u>Production Budget 5200 6300 9000 </u><u> </u>

<u />

Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

<u></u>

<u>School Days Furniture, Inc.</u>

<u>Sales Budget</u>

<u>July August September </u>

Sales 5000 6000 7500

<u>Price Per unit $ 60 $60 $ 60 </u>

<u>Sales Budget $ 300,000 $ 360,000 $ 450,000 </u>

<u />

Sales Budget= Sales * Price Per unit

<u></u>

<u>School Days Furniture, Inc.</u>

<u>Raw Materials Budget</u>

<u> July August September </u>

Production Budget 5200 6300 9000

+ Desired

Ending Inventory 630 900 ------(assuming zero inv)

Less Opening

<u>Inventory 520 630 900 </u>

<u>Materials Requiremnt 5310 6570 8100 </u>

<u>Board (feet) 10 10 10 </u>

Direct Materials 53,100 65,700 81,000

<u>Plank Costs 0.60 0.60 0.60 </u>

<u>Direct Materials $ 31860 $ 39,420 $ 48,600 </u><u> </u>

Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

<u></u>

<u>School Days Furniture, Inc.</u>

<u>Direct Labor Budget</u>

<u> July August September </u>

Production Budget 5200 6300 9000

<u>Direct Labor hours 1.5 1.5 1.5 </u>

<u>Direct Labor Hours 7800 9450 13500</u>

Wages Per hour $ 21 $ 21 $21

<u>Direct Labor Budget $ 163,800 $ 198450 $ 283,500 </u>

Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

<u />

<u />

4 0

3 years ago

How does financial manager involes operating decision<br>

daser333 [38]

Answer:

they use financial statements and other information prepared by accountants to make financial decision and are focused on the cash flows, the inflows and outflows of cash.

Explanation:

7 0

3 years ago

Smith Company reported pretax book income of $400,000. Included in the computation were favorable temporary differences of $50,0

Hoochie [10]

Answer:

$10,200

Explanation:

The computation of the deferred income tax expense or benefit is shown below:

Favorable temporary difference = $50,000

Less: Unfavorable temporary difference -$20,000

Net favorable temporary difference $30,000

We assume the tax rate is of 34%

So, the deferred tax expense is

= $30,000 × 34%

= $10,200

By finding out the net favorable temporary difference and then multiplied with the tax rate we can get the deferred tax expense and the same is shown above

3 0

3 years ago

On April 11 of the current year, Zack Corporation had a market price of $48 per share of common stock. Its par value was $10 per

NikAS [45]

Answer:

The dividend yield for Zack Corporation 8%,the first option

Explanation:

The dividend yield is a measure of business performance used by investors which compares the dividend paid by a stock to its market price(price paid by investors to acquire the stock)

dividend per share for Zack Corporation is $3.90

market price per share is $48

dividend yield =$3.90/$48*100=8.13%

The correct option is the first option 8% since the figure above was simply rounded down to whole number

3 0

3 years ago

Margot has fallen in love with a three-bedroom, 2,500-square-foot property in her friend’s neighborhood. It’s listed for $400,00

fenix001 [56]

Answer:

subsititution

Explanation:

Since in the situation it is mentioned that margot has fallen with 3 set bedroom i.e. 2500 square foot and its amount is $400,000. Now there is another three set bedroom of 2,400 square foot and its amount is $350,000 so here two options are given and according to the price he opted for the second property

So out of two choices he should opt for one that means it is a subsititution economic principle

5 0

3 years ago