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yarga [219]
3 years ago
10

As explained in the Help section for the Workforce Compensation, Training, and Product Assembly decision screen, if (1) a compan

y pays a drone PAT member an annual base wage of $24,000, an $800 year-end bonus for perfect attendance, and provides a company-paid annual fringe benefits package worth $3,200 and (2) a PAT is paid a $4 assembly quality incentive per UAV drone assembled that is equally divided among 4 PAT members, then if a drone PAT's productivity is 1500 drones per year then what would be the annual total compensation cost of a fully-staffed PAT and the total compensation cost per drone assembled?
*Please provide me with a step by step process how to solve the problem. Thanks
Business
1 answer:
tekilochka [14]3 years ago
8 0

If the Workforce Compensation, Training, and Product Assembly decision screen, if (1) a company pays a drone PAT member an annual base wage of $24,000.  What would be the annual total compensation cost of a fully-staffed PAT and the total compensation cost per drone assembled is: $97.33.

Income of single PAT member $28,000

($24,000+$800+$3,200)

Annual income for 4 PAT members $112,000

($28,000×4)

Annual quality incentives $6,000

(4× 1,500)

Total labor cost  $146,000

($28,000+$112,000+$6,000)

Drones assembled 1,500

Total labor cost for each drones assembled $97.33

($146,000÷1,500)

Inconclusion if the Workforce Compensation, Training, and Product Assembly decision screen, if (1) a company pays a drone PAT member an annual base wage of $24,000.  What would be the annual total compensation cost of a fully-staffed PAT and the total compensation cost per drone assembled is: $97.33.

Learn more here:

brainly.com/question/15264374

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On January 1, 2019, Upward Company purchased a copy machine. The machine costs $320,000, its estimated useful life is 8 years, a
qwelly [4]

Answer:

$60,000

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2 / 8 = 0.25

Depreciation expense in 2019 = 0.25 x $320,000 = $80,000

Book value at the beginning of 2020 = $320,000 - $80,000 = $240,000

Depreciation expense in 2020 = 0.25 x $240,000 = $60,000

I hope my answer helps you

6 0
3 years ago
How are fixed costs different from variable costs?
Alekssandra [29.7K]

Answer:

How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.

Explanation:

when a company decides to produce a  certain commodity fixed cost and variable costs are the main costs of  the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and  rental payment while Variable cost changes or varies  or with the amount of goods and services  produced by a company.e.g money paid for labour.

6 0
3 years ago
Read 2 more answers
Swifty Company's accounting records show the following at the year ending on December 31, 2022: Purchase Discounts $ 11300 Freig
Juli2301 [7.4K]

Cost of goods sold (Periodic System) = Beginning inventory + (Purchases, net of returns and allowances, and purchase discounts) + freight in − Ending inventory .

COGS = Cost of goods sold

COGS = 46200+(401100-13500-11300)+16000-57900

COGS = 380600

The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.

First In First Out (FIFO), Last In First Out (LIFO), and the Average Cost Method are the three techniques that a business might employ when tracking the amount of inventory sold over a given time period.

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7 0
2 years ago
6.) If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase p
NeTakaya

6).Option A.<em> </em><u><em>Division of labor</em></u>

Division of labor is defined as the allocation of various parts of a manufacturing process assigned to different people in order to increase the efficiency. Furthermore, distributing a job or task into many technical parts, among a single or few number of workers assigned to every part. <u>In mass production division of labor plays a significant role.</u> Division of labor is simply the division of tasks in , e.g, in a manufacturing plant. Each and every worker perform a certain duty. Which in results boosts efficiency and productivity.

7). Option B. <em><u>A paper cutting machine</u></em>

There are two types of costs namely variable costs and fixed costs. Fixed costs are the costs which are fixed an cannot be decreased or cut down in the short term. Fixed costs usually includes bill payments, physical structure of a company, rent, and machinery (in this case paper cutting machine). Variable costs are the costs which can be increased or decreased in the short term for example, labor and inputs. In case if a company is in financial loss situation or poor financial circumstances, the company can reduced their staff (labor) but the fixed costs cannot be cut down such as rent of the building or bills and most importantly machinery.

8). Option C. <u><em>Form Utility</em></u>

Form utility refers to the certain product or service that a company offers to its potential customers or clients. The value seen by a consumer or customer in the finished product is called Form utilities. The company emphasize on the increase in form utility by making of a product available for the final consumption on a way so that it is more beneficial for the customer in this form, rather than the materials in the raw form used to produce it.

9). Option B. <em><u>Depreciation</u></em>

Depreciation is defined as the monetary value of an asset reduced or decreased over the time due to its use, its wear and tear, and its obsolescence. Such as Machinery ( cars , machines), equipment (electronic devices, cell phones), currency. For example, when a new model of a car is launched the previous model loses part of it value or this could happen due to the use (wear and tear) or deterioration.

10). Option B. <u><em>Paint</em></u>

The cost f goods and services are the costs that must be included into the account of the costs of giving the services or making the products. In this case paint is the direct cost of goods and services for the company that paints houses. On the other hand flyers falls in the promotion costs. Whereas the van and the fuel used for commute are variable costs.

11). Option A. <u><em>Fewer workers will be needed</em></u>

In this case the increase in the productivity means increase in the production per worker. Like if the productivity increases definitely workers  will become more productive which results in the production of more goods produced per worker and if the demand is in elastic or not very elastic (as in  this case). Which means that the demand is not sensitive to the reduced or falling prices of goods then the definitely less or fewer workers will be needed to produce and supply the same amount of product.

12). Option B. <em><u>Labor</u></em>

The Law of diminishing returns could be applied to the three factors of production i.e. Land, Labor, and Capital, but it is commonly used to analyze the amount of production that will be attained by the adding additional unit of labor. Generally an additional unit of labor tend to produce diminishing levels of output for example, a worker will be able to produce 30 units per day, while on the other hand extra worker will produce only 27 units per day.

13). Option B. <em><u>Providing a delivery service</u></em>

Providing a delivery service is a way to increase possession utility for refrigerator. By making an increase in the possession in the way to ensure that you have the refrigerator or any other product that you are purchasing. Possession utility is the value which customers gets while buying a product. Possession is referred as the physical access of a product what a customer has purchased.

14). Option B. <u><em>A company that makes many sales</em></u>

Economies of scale is referred as where large organizations have the advantage over the small organizations. Which means the larger the organization selling and producing more products, the lower the cost compared to the small organizations. So an organization which makes larger sales has the cost advantages that the company will exploit by expanding their production size.

15). Option D. <em><u>By the amount a consumer is willing to pay for it</u></em>

The value of a product is calculated by the ratio of its quality to its price and Prices of products are determined by supply and demand. The greater the value of product, the better will be its position among competitors. Thus either increasing the quality or reducing the price of certain product will increase the chance that the consumer will select that product than the competing product.  So the value of the product is determined by the amount a consumer is willing to pay for it.  

4 0
3 years ago
Brenda and Louise are twin sisters who each married 20 years ago. Brenda and her husband run a small piano tuning business. They
NeX [460]

Answer: Probably, still happy

Explanation:

People measure success differently, and what makes an individual happy may not be applicable to another, some person's gain satisfaction in doing their own business, while some prefer working for other people. This is why there isn't any specific measure for people's success. Concerning Brenda and Louise, there is a great possibility that they are happy in their various endeavors, having chosen a particular career part and stuck to it for years. This doesn't mean they won't have challenges but means they are happy where they are.

5 0
3 years ago
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