The following variable production costs apply to goods made by Solomon Manufacturing Corporation: Item Materials Cost per unit $13.00 Labor 9.00 Variable overhead 0.25 Total $22.25 Required Determine the total variable production cost, assuming that Solomon makes 11,000, 21,000, or 31,000 units. Units Produced 11,000 21,000 31,000 Total variable cost

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Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.