<span>The minimum number of activities of daily living performed to qualify for long term benefits is 2. A person who can perform more than 2 daily activities (in the eyes of the government) should be able to function at a higher than below average rate, which means that they do not need long term coverage. Instead, this person might be a candidate for short term coverage.</span>
Answer:
Bounded rationality.
Explanation:
Bounded rationality is the possibility that in decision-making, rationality of people is restricted by the data they have, the subjective impediments of their psyches, and the limited measure of time they need to settle on a decision.
Answer:
Total cost per unit is $77
Explanation:
Fixed manufacturing overhead per unit = Total fixed manufacturing overhead ÷ Number of units
= $478,800 ÷ 34,200 = $14 per unit
Fixed selling and administrative expenses per unit = Total Fixed selling and administrative expenses ÷ Number of units
= $171,000 ÷ 34,200 = $5 per unit.
Total cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling expenses + Fixed selling expenses
Total cost per unit = $15 + $5 + $11 + $14 + $5 + $5 = $55 per unit.
Markup = 40% of total cost = $55 × 40% = $22
Therefore, total selling price per unit = Cost per unit + Markup
= $55 + $22 = $77 per unit.
Answer:
$25,000 increase
Explanation:
Base on the scenario been described in the question, we can use the following method to compute the answer
CALCULATIONS: we can compare total “buy” cost to total “make” cost
So total buy cost is
Buy cost = 6,000 + 3,000 + 16,000 + 40,000 + 510,000= 575,000
And total make cost is
Make cost = 600,000
So the difference between total buy and total cost is
=$600,000 - $575,000
= $25,000