Marginal productivity theory assumes that a worker’s income is a function of the contribution of that worker to the value of the output. in business, this is called the "value-added" approach.
There is a correct theory called marginal productivity theory. Wages are paid at a level equal to the marginal revenue product of labor, the MRP (value of the marginal product of labor). MRP is the increase in income caused by the increase in output produced by the last employed worker.
The marginal productivity theory of income distribution proposes that each individual should receive income based on their contribution to total output. The marginal productivity theory of income distribution has been criticized for the following reasons. Income from inheritance is inconsistent with the theory.
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Answer:
Total product cost= $181,000
Explanation:
<u>The product cost is the sum of the direct material, direct labor, and manufacturing overhead:</u>
Direct materials $ 70,000
Direct labor $ 37,000
Variable manufacturing overhead $ 12,000
Fixed manufacturing overhead $ 25,000
Total manufacturing overhead $ 37,000
Total product cost= $181,000
Answer:
The answer is D. $180,000
Explanation:
Investing activities is about spending on long term asset or long term investments.
Under investing activities in cash flow, what constitutes inflow is the sales of these long term assets like plant and machinery and what constitutes outflow is the purchase of these assets.
In this question, the inflow is the sale of equipment which us $270,000 and outflow is the purchase of equipment for $90,000.
So net cash flow from investing activities is:
$270,000 - $90,000
=$180,000
The document a caterer uses to stipulate the terms, conditions, and contents of the services he or she will provide each client is called the A.) CLIENT AGREEMENT.
Client Agreement is a contract between the client and the contractor. Both parties will sign on the written client agreement contract and both are held accountable on the terms and conditions specified in the contract.
