Answer:
Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.
Explanation:
Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.
This scenario occurs in a purely competitive labor market.
In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.
Answer:
Gross profit earned by the company for each of the four costing methods = Subtraction of Total cost of goods sold from Total Sales
$48,322 - $30,651 = $17,671
Explanation:
Total sales = (330 x 87.4) + (200 x 97.4) = $48,322
Total cost of goods sold overweighted average method = $30,651
Subtract $48,322 from $30,651 to give $17,671 as the gross profit.
In the attached picture, Your will see average costs calculated and the inventory values for March 5, 9, 25, and 29.
Explanation:
Ocean warming-driven deoxygenation: Warmer ocean water holds less oxygen and is more buoyant than cooler water. This leads to reduced mixing of oxygenated water near the surface with deeper waters, which naturally contain less oxygen. Warmer water also raises oxygen demand from living organisms.
<em>PLEASE</em><em> </em><em>THANK</em><em>,</em><em> </em><em>RATE</em><em> </em><em>AND</em><em> </em><em>FOLLOW</em><em> </em><em>ME</em><em>,</em><em> </em>
<em>AND</em><em> </em><em>PLEASE</em><em> </em><em>MARK</em><em> </em><em>ME</em><em> </em><em>AS</em><em> </em><em>"</em><em>BRAINLIEST</em><em>"</em><em>ANSWER</em><em> </em>
<em>HOPE</em><em> </em><em>IT</em><em> </em><em>HELPS</em><em> </em><em>YOU</em><em> </em>
Answer:
c. $3,200 favorable.
Explanation:
We know that
Total controllable cost variance = Budgeted overhead cost - actual overhead cost
where,
Budgeted overhead cost = Variable overhead + Fixed overhead
where,
Variable overhead = 40,000 units × $2 = $80,000
And, the fixed overhead = $72,000
So, the budgeted overhead = $152,000
And, the actual one is $148,800
So, the total controllable cost variance would be
= $152,000 - $148,800
= $3,200 favorable
