Answer:
A: inputs
B: inequitable
C: outcomes
Explanation:
This passage relates to equity theory, which is a way of thinking about the distribution of resources in <em>just</em> ways. In this theory, inputs are defined as the contributions that each participant makes, which entitle him to rewards or costs.
On the other hand, outcomes are defined as the positive and negative consequences that the individual perceives as a consequence of his relationship to others. This theory states that employees seek to maintain equity between the inputs that they bring to a job and the outcomes that they receive from it.
Answer:
$36,720
Explanation:
Given that,
Number of direct labor hours = 270 DLH
Direct labor cost = $64 per hour
Overhead cost per DLH = $72
Total estimated cost for this job:
= Direct labor cost + Overhead cost
= (Number of direct labor hours × Cost per DLH) + (Number of direct labor hours × Overhead cost per DLH)
= (270 × $64) + (270 × $72)
= $17,280 + $19,440
= $36,720
Answer:
The company reported $61,250 amount of Cost of Goods Sold
Explanation:
As gross profit percentage is the net percentage of sales revenue and cost of goods sold. We can find the cost of goods sold percentage as follow
Gross profit = Sales - Cost of Goods Sold
Placing the percentage
65% = 100 % - Cost of Goods sold
Cost of Goods sold = 100% - 65%
Cost of Goods sold = 35%
Now calculate the value of cost of goods sold using following formula
Cost of goods sold percentage = Cost of good sold / Sales Revenue
35% = Cost of Goods sold / $175,000
Cost of Goods sold = $175,000 x 35%
Cost of Goods sold = $61,250
Comparative: D.
Absolute: B.
Explanation:
Comparative is about opportunity cost whilst absolute is about the quantity productivity efficiency
