Answer:
Material cost + Labor cost are called ‘Prime Costs’
Labor cost + Overhead cost are called ‘Conversion Costs’
Explanation:
Prime cost is defined as material cost+Labor cost. All the material costs and labour costs are included in the definition of the prime cost.
Conversion cost is defined as Labor cost+ overhead cost. All the costs related to labor and overhead are included in the definition of Conversion cost.
The two days on which the bookstore sells about 600 books are Monday(617) and Wednesday(563).
As of Monday, the sales of the bookstore were only 617, on Tuesday it was 498 and on Wednesday it was 563. As we arrange the data in ascending order as 498<563<617. We come to the conclusion that around 600 there are only two data which are 563 and 617. So, on Monday and Wednesday, the bookstore sells about 600 books.
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Answer:
The end of the Dark Ages.
Explanation:
The end of the Dark Ages is also referred to as the middle age and was recorded as the earliest time frame captured where the very best instruments available to detect light in visible wavelength on Earth.
If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.
<h3>What is a Wage?</h3>
A wage is known to be a kind of payment that is said to be paid by an employer to their employee for the work that they have done in a given amount of time.
Note that from the question;
aLW = 5 hours per gallon
a*LC = 2 hours per pound
SO to find the wage = 5/2
= 2.5
Therefore, If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.
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aLC = 6 hours per pound
aLW = 5 hours per gallon
a*LC = 2 hours per pound
a*LW = 6 hours per gallon
In post-trade equilibrium with Pc = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to:
An organization's vision statement describes what the organization hopes to become in the future.