Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the standard time?
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- Assume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEEThe standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. The actual cost per labor hour is $7.5 and the actual labor hour per unit is 0.7 hours. What is the standard labor cost per output unit? a. $4.8 b. $5.6 c. $4.5 d. $5.25Overtime long time periods of several years, supervisory labor costs will tend to behave as: O A. Linear variable costs B. Step fixed costs C. Fixed costs O D. Semi - variable costs
- (1)Use the graph to answer the question that follows. Based on the chart above, if the product sells at a price of $3 per unit, what is the marginal revenue product of the second unit of labor? A-$30. B-$45. C-$90. D-$120. E-Indeterminate (2)The number of units of output that a machine will produce increases, ceteris paribus. How will this change in productivity affect demand for the machine? A-Demand for the machine will increase. B-Demand for the machine will decrease. C-There will be no change in demand for the machine. D-Demand will not change, but quantity demanded will decrease. E-Demand will not change, but quantity demanded will increase.Why might a company claim that the total cost of employing a person is $15.30 per hour when the employee's wage rate is $10.50 per hour? How should this difference be classified and why?Is there a difference between the number of hours students study and the hours they work?Also, is there an association between the two?
- The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following? total overhead costs. the variable costs. total fixed costs. the cost driver in units.Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $1600 and profits are $5700 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =If D = 8,400 per month, S = $43 per order, and H = $1.50 per unit per month, a) What is the economic order quantity? The EOQ is units (round your response to the nearest whole number).
