Answer:
Option (D) is correct.
Explanation:
Total Overhead Cost:
= (Overhead × Number of cases) for all products
= (20 × 350) + (25 × 550) + (17 × 650)
= 31,800
Total Machine Hours:
= Machine hours × Number of cases
= (5 × 350) + (3 × 550) + (4 × 650)
= 6,000
Overhead Rate:
= Total Overhead Cost ÷ Total Machine Hours
= 31,800 ÷ 6,000
= 5.30
Total product cost per case for Product GC:
= Direct Material + Direct Labor + Overhead
= 80 + 30 + (Machine hours × Overhead Rate)
= 80 + 30 + (3 × 5.3)
= 80.00 + 30.00 + 15.90
= $125.90
Change in quantity supply will lead to a shift in supply curve.
<h3>What is change in supply?</h3>
Change in supply lead to a shift in the supply curve either to the left or right.
This occur in the price to quantity relationship which defines a supply curve.
This change often makes the supply curve becomes steeper and flatter.
Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.
Learn more on supply curve here,
brainly.com/question/1456933
Answer:
The contribution margin and the contribution ratio is $0.90 and 50% respectively.
Explanation:
The formula to compute contribution margin per package is shown below:
Contribution margin = Selling price per package - variable expense per package
= $1.80 - $0.90
= $0.90
And, the formula to compute contribution ratio is shown below:
= (Contribution per package ÷ selling price per package) × 100
= ($0.90 per package) ÷ ($1.80 per package) × 100
= 50%
Answer: B. Statement 1 is false and statement 2 is true
Explanation:
Preference Shareholders do not see their dividends raised when a company is going through good times. This is because they usually earn a FIXED dividend.
Ordinary/Common Shareholders though, will usually see their dividends rise when a company performs well so that they may enjoy the profits.
If you need any clarification do comment.
Question Completion with Options:
*Re-evaluate the existing commission plan to determine whether you can eliminate the perception of unfairness. Re-evaluate the base salaries by comparing them to other upscale clothing stores.
*Put all salespeople on the same commission plan regardless of tenure. This will clearly establish a strong relationship between performance and reward for all sales personnel. Increase the base salaries of longer-tenured salespeople who have worked for Swazzi more than two years to reinforce the relationship between their experience/loyalty and their rewards.
*Travel to the stores and explain the system in detail to the sales teams. Tell them you will try to clear up any perceived unfairness once you see whether they are serious about selling
Answer:
*Put all salespeople on the same commission plan regardless of tenure. This will clearly establish a strong relationship between performance and reward for all sales personnel. Increase the base salaries of longer-tenured salespeople who have worked for Swazzi more than two years to reinforce the relationship between their experience/loyalty and their rewards.
Explanation:
Longer-term sales personnel should be rewarded differently from newer personnel. But, this differential reward should not be based on the sales commission. The base salary will be more ideal for this tenure reward. This will be in line with the Expectancy Theory which states that employees base their individual levels of effort on what is necessary to perform well and earn rewards within the workplace. The theory also requires that the reward structure is clear with well-defined goals and routine evaluations. The Expectancy Theory helps workers to put in their best because they are looking forward to some well-defined and clear rewards.
