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scoray [572]
2 years ago
6

Knowledge Check 01 How should the wages of a sheet metal worker in a fabrication plant be classified

Business
1 answer:
Juli2301 [7.4K]2 years ago
7 0

The wages of a sheet metal worker in a fabrication plant should be classified as Product cost.

<h3>What is a product cost?</h3>

A product cost includes all the costs directly related to the production of goods and services.  Product costs include:

  • Direct materials
  • Direct labor
  • Manufacturing overheads

Thus, the wages of a sheet metal worker in a fabrication plant should be classified as <u>Product cost</u> because it is a direct labor cost.

Learn more about product costs at brainly.com/question/26194754

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Which of the following The holding-period return (HPR) on a share of stock is equal to(s) the level of real interest rates? I) T
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Answer: D. I, II, and III.

Explanation:

The demand for investment funds determines the demand for loanable funds and when this is higher than the supply, the rate increases. The reverse it true. It therefore affects real interest rates.

The savings of households and business firms are the source of loanable funds so if these are high relative to demand, the rate will decrease. The reverse is true.

Government demand for funds will increase interest rates as the supply will decrease when the government borrows massively. The reverse is true.

All three therefore impart real interest rates.

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3 years ago
What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this
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Answer:

The legislature budget board and the governor are authorize to transfer money from one agency to other.

Explanation:

Given:

Money needs to be transferred from 1 agency to other when legislature is not in session:

Solution:

When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.

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3 years ago
What would most likely happen to the price of cable TV in Sydney, NE, when the single cable TV firm now has a new competitor com
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Answer:

If the the single cable TV firm from Sydney now has a new competitor coming into town, what will most likely happen with the price of the service is that it will go down and become more accessible to consumers, as a direct consequence of the generation of competition from market between the companies involved.

The concept of competition plays a central role in economic theory. it is a situation by which different actors (companies or consumers) compete for a share in the same activity, typically the sale or purchase of a product or service. For economic operators, it is often an advantage to have limited competition on their own side of the market and a lot of competition on the opposite side, as it allows for high profits. From the point of view of society, as high a competition as possible is usually an advantage, as it ensures the best possible utilization of society's resources.

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Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
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a. 30 units of corn and 30 units of wheat.

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Question 7 of 10
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