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3 years ago

Why are employers wiling to pay productive workers higher wages than less productive workers?

1 answer:

8 0

Income for most people is determined by the market value of the productive resources they sell. ... Employers are willing to pay wages and salaries to workers because they expect to sell the goods and services those workers produce at prices high enough to cover the wages and salaries and all other costs of production.

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PB13.

Nat2105 [25]

Answer:

Submarine Company

Income statement under absorption costing

$ $

Sales (1,800 units x $150) 270,000

Less: Full cost:

Direct material (2,000 units x $40) 80,000

Direct labour (2,000 units x $50) 100,000

Variable overhead (2,000 units x $10) 20,000

Fixed overhead (2,000 units x $20) 40,000

240,000

Less: Closing stock (200 units x $120) 24,000 216,000

Gross profit 54,000

Less: Selling and administrative expenses:

Variable selling and administrative 36,000

Fixed selling and administrative expenses 15,000 51,000

Net profit 3,000

Submarine Company

Income statement using marginal costing

$ $

Sales (1,800 units x $150) 270,000

Less: Variable costs:

Direct material (2,000 units x $40) 80,000

Direct labour (2,000 units x $50) 100,000

Variable overhead (2,000 units x $10) 20,000

200,000

Less: Closing stock (200 units x $100) 20,000

180,000

Add: Variable selling and administrative 36,000 216,000

Contribution 54,000

Less: Fixed cost:

Fixed production cost 40,000

Fixed selling and administrative expenses 15,000 55,000

Net loss  (1,000) 

Profit reconciliation statement

Closing stock Net profit/loss

$ $

Absorption costing 24,000 3,000

Less: Marginal costing 20,000 (1,000)

Difference 4,000   4,000

The difference of $4,000 in net profit is as a result of $4,000 difference in closing inventory.

Explanation:

In marginal costing, variable costs are deducted from sales in order to obtain the contribution margin. Net profit is calculated by deducting fixed costs from the contribution margin. Closing stock is valued at marginal cost per unit in marginal costing. Closing stock is the difference between production units and sales units. Marginal cost is the sum total of all variable costs.

In absorption costing, full costs are deducted from sales in order to obtain the gross profit. Net profit is the difference between gross profit and selling and administrative expenses. Closing stock is valued at full cost in absorption costing. Full cost is the aggregate of variable costs per unit and fixed costs per unit.

3 0

3 years ago

People with the primary responsibility for administering the systems that house the information used by the organization perform

Alexus [3.1K]

Answer:

system administrators

Explanation:

System administrators -

It refers to the people , who are incharge to maintain the IT infrastructure of the company , is referred to as system administrators.

The person play an important role in order to maintain the system.

Hence , from the given information of the question,

The correct term is system administrators .

7 0

3 years ago

Which crop finally ensured the long-term success of the Jamestown colony?

Sauron [17]

Tobacco ensured the long-term success of Jamestown.

6 0

3 years ago

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Lester is giving a presentation at a business conference. So many people have signed up for his session that it has been moved t

drek231 [11]

For Lester to use the room to his advantage while delivering the presentation, Lester should stand upright behind a podium to project authority.

<h3>What are the principles of a good presentation?</h3>

The principles of a good presentation include:

Visual communication
Simplicity of style
Consistency of style
Maintaining audience focus
Clear explanations and brief answers to questions.

Thus, as humans remember images and words better than words alone, Lester should, in addition to using visual communication, use a podium to gain authority.

Learn more about making presentations at brainly.com/question/7828376

6 0

2 years ago

Every time Beth buys a book at The Venus Bookstore, she presents her Venus card, and the sales associate enters her purchase in

Rus_ich [418]

Answer:

Explanation:

Hhhhhh

6 0

3 years ago

Read 2 more answers