g The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and production. The overhead budget for the finishing department is $550,000, using 500,000 direct labor hours. The overhead budget for the production department is $400,000 using 80,000 direct labor hours. If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production, how much factory overhead will be allocated to each unit of desk lamps using the multiple production department factory overhead rate method with an allocation base of direct labor hours
Answers
Answer:
$7.20
Explanation:
Given the following :
FINISHING department :
overhead budget = $550,000
direct labor HOURS = 500,000
PRODUCTION department :
overhead budget = $400,000
direct labor hours = 80,000
Predetermined allocation rate for finishing department :
Overhead / allocation base = ($550,000 / 500,000) = $1.10 per direct labor hour
Predetermined allocation rate for production department :
Overhead / allocation base = ($400,000 / 80,000) = $5 per direct labor hour
If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production:
Finishing department :
(2 × Predetermined allocation rate for finishing department)
= (2 × $1.10) = $2.20
Production :
(1 × Predetermined allocation rate for production department)
= (1 × $5). = $5
Total = ($2.20 + $5) = $7.20
Related Questions
Which of the following might be a duty of a noninstructional aide?
A. Grade homework
B. Teach calligraphy
C. Tutor a child
D. Accompany a child to and from the lavatory
Answers
Tutor a child might be a duty of a non instructional aide. The Non-Instructional Aide supports the administration and instructors duty in maintaining a secure and disciplined learning environment and enforcing school rules.
Respects non instructional information about children, employees, and other administrative issues impacting the district with absolute secrecy. helps the teacher prepare and be ready for each day's activities; duty supports the teacher's efforts in the classroom. helps the teacher create lesson plans, curriculum, and lesson outlines in the designated topics. A person who assists a teacher in a classroom but is not a certified teacher is known as a teacher's aide.
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The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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stock splits stock splits drop zone empty. stock splits and stock dividends stock splits and stock dividends drop zone empty. stock dividends stock dividends drop zone empty. require a journal entry cause the par value per share to change cause total stockholders' equity to remain the same
Answers
Match stock splits and stock dividends with their characteristics Stock splits and stock dividends cause the par value per share to vary while keeping the total shareholders' equity constant. for stock dividends, a diary entry is necessary.
The dividend payment made to shareholders remains unchanged from what it was prior to the stock split; it was only split because the number of shares was doubled. A corporation won't ordinarily split its stock and pay dividends at the same time to prevent complications.
In general, dividends announced following a stock split will be proportionately lowered per share to reflect the increase in shares outstanding while maintaining the same level of total dividend payments. The amount of net income, or earnings, distributed to shareholders in the form of dividends, is shown by a company's dividend payout ratio.
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Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
Answers
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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QS 23-14 Keep or replace LO P5 Rory Company has a machine with a book value of $79,000 and a remaining five-year useful life. A new machine is available at a cost of $118,500, and Rory can also receive $75,000 for trading in its old machine. The new machine will reduce variable manufacturing costs by $22,000 per year over its five-year useful life. Calculate the incremental income. (Any losses or outflows should be entered with a minus sign.)
Answers
Answer:
Incremental Income = $66,500
Explanation:
Incremental Income from Replacing Machine
Incremental Income from Replacing Machine $110,000
(5 * $22,000)
Add: Salvage value of old machine $75,000
Total Income $185,000
Less: Acquisition Cost of New Machine $118,500
Incremental Income $66,500
Question 9 of 10
In a more traditional business setting that is not focused on CSR thinking.
what is the meaning of the "bottom line"?
O A. The number of sales the company makes
OB. The percentage based return-on-investment
OC. The value increase of the company's stock price
OD. The amount of financial profit the business earns
SUBMIT
Answers
In a more traditional business setting that is not focused on CSR thinking the meaning of the "bottom line" is the amount of financial profit the business earns.
What is CSR ?The concept of corporate social responsibility (CSR) holds that businesses should give back to the community and take into account how their actions will affect the environment and the general public.
The bottom of the pyramid is profit. This base is required for a business to adhere to all rules and legislation as well as shareholder expectations. A firm must first fulfil its ethical obligations before it can and should assume its discretionary or philanthropic obligations.
The four basic categories of CSR are economic responsibility, philanthropic duty, environmental responsibility, and ethical responsibility.
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One of the many lean techniques that have been successfully applied in service firms is the eliminating of unnecessary activities.
A. True
B. False
Answers
Answer:
True
Explanation:
One of the many lean techniques that have been successfully applied in service firms is leveling facility load. One of the many lean techniques that have been successfully applied in service firms is the eliminating of unnecessary activities. One of the few lean techniques that does not work well in service firms is demand-pull scheduling.
Why do you think women occupy so few seats on boards of directors
Answers
Answer:
Women has always been discriminated against forever because of our sex. Men feel they should always be in charge so they should make more money
The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to the company's two products using the data that are given below:Wall Mirrors Specialty WindowsTotal expected units produced 12,900 1,500Total expected material moves 1,290 1,400Expected direct labor-hours per unit 9 12The total materials handling cost for the year is expected to be $16,754.50.If the materials handling cost is allocated on the basis of direct labor-hours, the total materials handling cost allocated to the wall mirrors is closest to: (Round your intermediate calculations to 4 decimal places.)Multiple Choice
Answers
Answer:
$14,506
Explanation:
Calculation to determine what the total materials handling cost allocated to the wall mirrors is closest to:
First step is to calculate Material handling cost per labor hour
Material handling cost per labor hour = $16,754.50 / [(12,900 * 9) + (1,500 * 12)]
Material handling cost per labor hour =$16,754.50/(116,100+18,000)
Material handling cost per labor hour = $16,754.50/134,100
Material handling cost per labor hour =0.124940
Now let calculate the Materials handling cost allocated to wall mirrors
Materials handling cost allocated to wall mirrors = 12,900 *9*0.124940
Materials handling cost allocated to wall mirrors = $14,506
Therefore the total materials handling cost allocated to the wall mirrors is closest to:$14,506
Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.
Answers
You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.
Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).
Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.
Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.
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Exercise 11-11 Capitalizing interest (LO 11-2) Kobe Company began constructing a building for its own use in February 20X1. During 20X1, Kobe incurred interest of $70,000 on specific construction debt and $15,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was $60,000. Required: 1a. What amount of interest should Kobe capitalize? 1b. Prepare the journal entry to record payment of the interest. 2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was instead $90,000, what amount of interest should Kobe capitalize?
Answers
Excess interest = Actual interest - Avoidable interest
Excess interest = $70,000 - $60,000
Excess interest = $10,000
Therefore, Kobe should capitalize $10,000 of interest.
1b. The journal entry to record the payment of the interest would be:
Interest Expense $85,000
Cash $85,000
($70,000 + $15,000 = $85,000)
2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was $90,000, the calculation for the amount of interest that should be capitalized would be:
Excess interest = Actual interest - Avoidable interest
Excess interest = $70,000 - $90,000
Excess interest = ($20,000)
Since the avoidable interest ($90,000) is greater than the actual interest incurred on the specific construction debt ($70,000), Kobe would not capitalize any interest.
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Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *
Answers
Answer:
His thinking does NOT have a ethical componet.
HISELF is most affected by his conduct.
Answer:
C
Explanation:
im him
Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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The table below shows Lanark's production possibilities.
A B C D E F
Wheat 0 180 315 405 450 468
Cars 190 181 163 127 73 0
a. If Lanark is producing 145 cars, it can produce approximately
wheat.
b. If Lanark is currently producing combination C, the cost of 90 more wheat is
(Click to select)
.
c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is
(Click to select)
. If necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.
Answers
If Lanark is currently generating 145 buses, it can generate about 180 units of wheat. .
b. The cost of 90 further wheat is 90.
c. The approximate per unit cost of an fresh auto is 54.
To determine the approximate quantum of wheat Lanark can produce if it's presently producing 145 buses , we need to find the matching value in the" Wheat" column. Grounded on the given table, we can see that the values in the" buses" column drop from left to right. thus, we need to find the combination where the number of buses is closest to 145, which is combination B. In combination B, Lanark can produce roughly 180 units of wheat.
We can find the cost of 90 further wheat by comparing the wheat values between combinations C and D, If Lanark is presently producing combination C. The wheat value in combination C is 315, and the wheat value in combination D is 405.
The difference between these two values represents the fresh wheat produced when moving from combination C to combination D. In this case, the difference is 405- 315 = 90. thus, the cost of 90 further wheat is the difference between the wheat values in combination C and D, which is 90.
we can determine the approximate per unit cost of an fresh auto by comparing the auto values between combinations D and E, If Lanark is presently producing combination D. The auto value in combination D is 127, and the auto value in combination E is 73.
The difference between these two values represents the drop in auto product when moving from combination D to combination E. In this case, the difference is 127- 73 = 54.
thus, the approximate per unit cost of an fresh auto is the difference between the auto values in combination D and E, divided by the drop in auto product, which is 54/ 1 = 54.
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What kind of display is located near the cash registers to encourage impulse
buying?
Answers
Answer:
cheap things like snacks and lighters
Explanation:
To encourage impulse purchases, inexpensive items such as snacks and lighters are placed near the cash registers.
What is the cash register?A cash register is also known as a machine-controlled money handling system. It is a mechanical device used at a point of sale to register and calculate transactions.
It is typically attached to a storage space and applied to store cash and other valuables. In order to encourage impulse purchases, inexpensive items such as snacks and lighters are strategically placed near cash registers.
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A common law rule that requires that the terms of the offeree’s acceptance adhere exactly to the terms of the offeror’s offer for a valid contract to be formed is called:
1. The Mirror-Image Rule.
2. A Quasi-Contract.
3. Quantum Meruit.
4. An Option Contract
Answers
Costs that can be traced to a cost object in a cost-effective way are called direct costs.
a) true
b) false
Answers
Answer:
a) true
Explanation:
Costs that can be traced to a cost object in a cost-effective way are called direct costs. Sometimes they can literally be seen on the cost object by observation. For example the wood on the table.
The following companies and scenarios are fictional. In each case, you are to demonstrate graphically the change in the model and then provide a hypothetical explanation of what happened.
1. Becky’s Bongos sales are falling even while they continue to decrease price.
Answers
Answer:
The fact that Becky Bongos sales are falling continually even though they keep decreasing the price shows that the underlying problem is not as a result of the customers' dissatisfaction with price. The underlying problem can be any other factors like not paying attention to customers' needs, poor quality of the commodity, lack of proper marketing, and the presence of a superior competition. The solution is not the reduction of price but rather, a closer look should be paid to these other factors.
Becky’s Bongos sales are falling, even while they continue to decrease price, is not the effect of decreasing sales. It decreases due to other factors than price.
Why sales are falling?The information that Becky Bongos sales are falling continually even though they keep decreasing the price proves that the given problem is not as an outcome of the price, but it is the outcome of other factors.The given issue can be any other factors like not focusing on customers' needs, giving poor quality of the commodity, lack of correct marketing, and not response in the market due to the presence of a superior competition. The solution of the given situation is not the reduction of price but, there are other factors which affect the sales.The graph of demand and supply curve are:Here,
\(D_{0} = \text{Old Demand }\\\\D_{1} =\text{New demand}\\\\P_{0}= \text{Original price}\\\\P_{1}= \text{New price}\\\\Q_{0}=\text{Original quantity}\\\\Q_{1}=\text{New quantity}\)
Therefore, decreasing in price is not the causes of decrease in sales, it is due to the other factors.
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if I make $2,000 a day how much is that monthly?
Answers
Answer:
$60,000
Explanation:
If there is an average of 30 days in a month, then you would take $2,000 and multiply it by 30. So,
30 * 2,000 = 60,000
Thus, you would make around $60,000 monthly.
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Marcie goes to the salon and gets a pedicure and manicure. What has Marcie purchased from the salon?
Responses
a good and a service
a good and a service
a good
a good
a service
a service
neither a good nor a service
neither a good nor a service
Answers
In a case where Marcie goes to the salon and gets a pedicure and manicure what she purchased from the salon is service.
What are good and services?Good and services can be described as the things that is been offered by the business in exchange for the money , however the goods are those product that can be bought and take home, while services are been rendered like in the case described in the question, which could also be other services.
In conclusion, service is that thing that the customer get from the company which is different from the product of the company.
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Catalog companies are committed to selling at the prices printed in their catalogs. a. If a catalog company finds its inventory of sweaters rising, what does that tell you about the demand for sweaters? multiple choice 1 Demand was unexpectedly high. Demand was unexpectedly low. Demand was as expected.
Answers
Answer:
The demand for sweaters was unexpectedly low.
Explanation:
If the inventories are rising for sweaters then we know that demand for sweaters must be falling. This is because prices are fixed, so this implies that people are buying less of the good due to a decrease in demand. In most circumstances, this accumulation of inventories suggests that the demand for sweaters was unexpectedly low since companies try to smooth out production to minimize costs.
Jim just graduated from high school and has decided to work for a year before going to college. He will need a car to get to and from his job at the mall. He has $2,000 saved that he could spend on a car, or he can drive his parent’s extra car—an old clunker that has seen better days. What advice would you give Jim?
Answers
Evaluate the condition of his parents' car: If Jim's parents' extra car, the old clunker, is in a reasonably reliable condition and can get him to and from work without frequent breakdowns or safety concerns, it might be a more cost-effective option. However, if the car is constantly in need of repairs and poses a risk to his safety, it might be worth exploring other options.
Consider maintenance and repair costs: If Jim chooses his parents' car, he should factor in the potential maintenance and repair costs. As an old vehicle, it might require more frequent repairs and replacements of parts, which can add up over time. He should estimate these costs and ensure they fit within his budget.
Fuel efficiency: Jim should consider the fuel efficiency of both the old clunker and any cars he might purchase. If he's working at the mall and will be commuting frequently, a car with better fuel efficiency could save him money in the long run.
Insurance costs: Before making a decision, Jim should research the insurance costs associated with both options. Generally, older cars tend to have lower insurance premiums. If the clunker is insured under his parents' policy, it might be more affordable than purchasing his own policy for a different car.
Reliability and safety: It's important for Jim to prioritize his safety while commuting to work. If the old clunker is unreliable or lacks important safety features such as airbags, anti-lock brakes, or stability control, it might be worth considering purchasing a more reliable and safer car.
Long-term plans and financial goals: Jim should also think about his long-term plans and financial goals. If he intends to save money for college, travel, or other expenses, he should consider whether spending his entire $2,000 savings on a car is the best decision. In some cases, it might be more prudent to save the money and rely on alternative transportation options like public transit, carpooling, or cycling.
Ultimately, Jim should weigh the pros and cons of using the old clunker versus purchasing a car with his savings. By considering factors such as the condition of the car, maintenance costs, fuel efficiency, insurance expenses, reliability, safety, and his financial goals, Jim can make a well-informed decision that aligns with his needs and priorities.
A username and password is an example of a ______.
A. One-factor authentication
B. Two-factor authentication
C. Call back
D. Single sign-on
Answers
QUESTION
A username and password is an example of a ______.ANSWER
A. One - factor AuthenticationEXPLANATION
One/Single-factor authentication is the simplest form of authentication methods. With SFA, a person matches one credential to verify himself or herself online. The most popular example of this would be a password (credential) to a usernameAnswer:
One factor authentication
Explanation:
See when you use username and password option
First it asks for usernamethen for password beneath it .So it happens for once only you won't need any more authentication.
So option A is correct
Click this link to view O*NET’s Education section for Municipal Clerks. According to O*NET, what are the top two most common levels of education required for Municipal Clerks?
high school diploma or its equivalent
some college, no degree
associate degree
bachelor’s degree
master’s degree
Answers
Answer:
Explanation:
aa
Answer: A and D
Explanation:
i tried the answers on these comments and they were wrong.
. Explain factors which may cause the demand curve to shift outward
Answers
Answer:
Answer is below
Explanation:
Factors that may cause the demand curve to shift outward are:
1. changes in tastes and preference: when there is a change in taste for example commodity A, whereby people tend to enjoy its taste, the will be an outward shift in the demand curve of commodity A
2. income of the consumers: when the income of consumers increases, they tend to buy more of a certain commodity they enjoy, hence there will be an outward shift in that commodity's demand curve
3. prices of substitute or complement goods: for example, an increase in the price of a substitute will cause consumers to demand more for a particular commodity, hence, outward in demand shift curve occurs
4. expectations about future conditions and prices: when there is speculation about an increase in the price of an essential commodity or goods consumers enjoy, people tend to buy more in a given moment, hence there exists an outward shift in the demand curve
5. Population of consumers in the market: increase in the population of consumers of a certain commodity is directly proportional to an increase in demand of that commodity, hence there exists an outwards shift in the demand curve.
Match the vocabulary word with the correct definition
consumers decide how much attention they would like to
give to a message
predisposition to respond to a product or brand in a
favorable or unfavorable way
consumers interpret information, so it is consistent with
their beliefs and values
consumers actively choose messages which they want to
see
energizing force which causes an action to satisfy a need
:: Selective Exposure
:: Selective Attention
:: Selective Comprehension
:: Motivation
:: Attitude
Answers
Answer:
:: Selective Exposure - consumers actively choose messages which they want to see
:: Selective Attention -consumers decide how much attention they would like to give to a message
:: Selective Comprehension - consumers interpret information so that it is consistent with their beliefs and
values
:: Motivation- -energizing force which causes action to satisfy a need
:: Attitude - predisposition to respond to a product or brand in a favorable or unfavorable
way
Explanation:
A monopolist that practices perfect price discrimination has the same deadweight loss triangle as the single-price monopolist.
a) true
b) false
Answers
Answer:
The correct answer is the option B: False.
Explanation:
To begin with, the price discrimination strategy refers to a technique used by the companies in order to charge different prices to the different consumers regarding the fact of how much would they be able to pay for the product. When it comes to monopolies, a perfect price discrimination strategy would try as best as possible to capture the majority of the zone known as the "consumer surplus". And that is why that a company with a perfect price discrimination would face a small deadweight loss area due to the fact that with that strategy of price the monopolist will absorve as much as possible of that area becuase the triangle is half consumer surplus and half producer surplus.
how legislation can contribute to the success and failure of companies
Answers
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.
Answers
Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.
One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.
Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.
Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.
In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
A. It leads to less hands-on training and less difficulty finding a job.
B. It creates less debt from tuition and the ability to enter the workforce sooner.
C. It leads to more hands-on training and more difficulty finding a job.
D. It creates more debt from tuition, and trade school takes longer to complete.
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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Answers
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
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