There were no choices.
However, to give some points on people with strong finance skills can manage a financial standing.
They would probably know when to spend or not depending on the cash, savings or earnings that they have. They can have estimations whether they are financially capable of every purchase. One other thing is they know the difference between a want and a need so they are focused on the needs which are priorities.
A. The items that fall under the DIRECT MATERIAL category include the following:
1. Film cost for the X ray machine.
2. Electricity cost for the X ray department.
3. Maintenance and repair on the X ray machine.
4. X ray department supplies.
The items that fall under the DIRECT LABOUR category include the following:
1. Salaries of the X ray machine technician.
2. Salary of the X ray technicians' supervisor.
The items that fall under the SERVICE OVERHEAD category include the following:
1. Wages for the hospital janitorial personnel.
2. Property taxes on the hospital building.
3. Depreciation on the hospital building.
4. Depreciation on the X ray department equipment [Manufacturing overhead]
B. The costs that are incurred during the production of a good or service are usually divided into three categories, which are direct material, direct labour and overhead costs.
Direct materials refer to those materials used in the production process which can be traced to a particular unit or department. A good example of a direct material is the raw materials used in the production unit for the production of a particular product.
Direct labour refers to the salaries and wages of those employees that are directly involved in the production process or in carrying out a particular operation. An example of a direct labour for the production of chocolates is the salary of those workers in the production unit.
Overhead cost refers to all other costs that are incurred during the process of production.These costs can not be traced to a specific department per say, but it cover the whole business unit. Overhead cost is of two types: administrative and manufacturing overheads. Examples of overhead costs are rent, utilities, insurance, depreciation, etc.
Answer:
The company should print the 3,000 units of Tennessee as they will yield a gain for 3,000 dollars.
Because it faces economies of scale it should sale for as much as it can from a given pattern
Explanation:
Profit: revenue - variable cost - fixed cost
Profit = 15*Q - 8*Q - 18,000
Profit = 7Q- 18,000
3,000 Tennessee shirts x $7 contribution per shirt - 18,000 setup cost
profit: 21,000 - 18,000 = 3,000
Profit maximization: Marginal revenue = marginal cost
Total Revenue: 15 x Q
dTR' /dQ = 15
dTR''/dQ = 0
cost function: 18,000 + 7Q
dC'/dQ = 7
dC''/dQ = 0
Sport Tee faces a economie of scale their cost do not increase over time. Sport Tee should sale as many shirt as it possible can
