To determine the socially-optimal quantity of output in a market, we need to find the point where the marginal social benefit (MSB) of the good is equal to the marginal social cost (MSC) of production.
The socially-optimal quantity of output can be found by graphing the demand curve, which represents the marginal social benefit (MSB), and the supply curve, which represents the marginal social cost (MSC). The point where these two curves intersect is the socially-optimal quantity of output.
If the demand curve is downward-sloping, as it typically is, and the supply curve is upward-sloping, as it typically is in a competitive market, then the socially-optimal quantity of output is less than the market equilibrium quantity.
To achieve the socially-optimal quantity, governments may use a variety of policies, such as taxes or subsidies, to internalize external costs or benefits and align private incentives with social welfare.
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what is the present value of $1,000 to be received in 12 years invested at a rate of 8%?
Answer:
2,518
Explanation:
0 = 1,000
1 = 1,080
2 = 1,166
3 = 1,260
4 = 1,360
5 = 1,469
6 = 1,587
7 = 1,714
8 = 1,851
9 = 1,999
10 = 2,159
11 = 2,332
12 = 2,518
suppose that a tax is placed on books. if the seller pays the majority of the tax, what do we know?
a. the supply curve is more inelastic than the demand curve.
b.the demand curve is more inelastic than the supply curve.
c.the government has placed the tax on the seller.
d.the government has placed the tax on the buyer.
If the seller pays the majority of the tax on books, then we can infer that the supply curve is more inelastic than the demand curve. Option A is correct.
This is because when the supply curve is more inelastic, the seller is less able to adjust the quantity supplied in response to changes in price or cost, which means that they will bear more of the burden of the tax.
In contrast, when the demand curve is more inelastic, the buyer is less able to adjust their quantity demanded in response to changes in price or cost, which means that they will bear more of the burden of the tax.
Hence, A. the supply curve is more inelastic than the demand curve is the correct option.
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what company is sponsoring the halftime show, and who is performing?
The company sponsoring the halftime show for the Super Bowl varies from year to year. For the 2022 Super Bowl, the halftime show will be sponsored by Pepsi, as it has been for many years.
The performer for the 2022 Super Bowl halftime show has not been officially announced as of the current date (March 2023). In past years, the Super Bowl halftime show has featured a wide range of performers, including popular musicians such as Beyoncé, Lady Gaga, Justin Timberlake, and The Weeknd. The halftime show is widely anticipated each year, with millions of viewers tuning in to see the performance, which often includes elaborate staging, special effects, and surprise guests.
The company sponsoring the halftime show for the company varies from year to year. For the 2022 Super Bowl, the halftime show will be sponsored by Pepsi, as it has been for many years.
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determine whether descriptive or inferential statistics were used in the statement. usa today reported that the average college graduate student loan debt was about $19,000.
Making sense of rows upon rows of data requires both descriptive and inferential statistics! Data for a selected group can be compiled and visualised using descriptive statistics.
You can comprehend that particular collection of observations using this procedure. An analysis of a sample using descriptive statistics. It's fairly simple, that. In order to display the group attributes, you just choose a group in which you are interested, collect data on its members, and then utilise summary statistics and graphs to illustrate the group's characteristics. Due to the fact that descriptive statistics only describe the individuals or things that you really measure, there is no uncertainty. You're not attempting to infer traits about a bigger population. Data points from the sample are taken during the procedure, potentially in massive quantities.
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Depreciation is a non-cash expense that is deducted from revenues to arrive at net income; therefore, it must be ______ net income to determine the actual amount of funds on hand.
Depreciation must be considered because it is a non-cash item that is subtracted from revenues to determine net income profit net income to determine the actual amount of funds on hand.
The expenses that are listed on the income statement but do not really involve a cash transaction are known as non-cash expenses. Depreciation is one such noncash expense. There is no cash flow when depreciation is debited in the income statement, yet the net profit is reduced.
When the cost of the asset is assigned on the income statement, a depreciation expense lowers net income. Depreciation is a method of accounting for decreases in a fixed asset's value over time.
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what are the four basic channels for industrial goods?
The four basic channels for industrial goods are Direct sales, Distributors, Value-added resellers, Original equipment manufacturers.
Direct sales: This involves selling industrial goods directly from the manufacturer or supplier to the end-user or buyer. Direct sales may be facilitated by field sales representatives or by the manufacturer's website or e-commerce platform.
Distributors: Industrial goods are often sold through a network of distributors that act as intermediaries between the manufacturer or supplier and the end-user or buyer. Distributors typically buy goods in bulk and then sell them in smaller quantities to customers.
Value-added resellers: Value-added resellers (VARs) purchase industrial goods and then add value to them by customizing, assembling, or bundling them with other products or services before selling them to end-users.
Original equipment manufacturers (OEMs): OEMs are companies that manufacture products that are used as components in other products. Industrial goods are often sold to OEMs, which then incorporate them into their finished products.
Overall, the choice of channel depends on the product, the target demand market, and the company's marketing strategy. A company may use one or multiple channels to reach its customers and maximize its sales potential.
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True or False: being a spender has many more positives than being a saver.
False, being a spender has no many more positives than being a saver.
Being a spender allows individuals to enjoy life now rather than waiting for retirement. Spending can also help stimulate the economy, as it helps drive business growth and job creation. Individuals who are spenders may also be more likely to take risks, which can lead to greater rewards.
Additionally, spending can help individuals build relationships by taking part in activities with friends and family. Finally, spending money on experiences can help create memories that last a lifetime.
Experiences help shape our lives, and can even shape our identities. Experiences can also be shared, allowing us to connect with friends and family. Whether it's a trip to a foreign country, a sporting event, or a night on the town, spending money on experiences can provide a lifetime of memories.
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True/False. Sport management researchers are interested in questions relating to marketing, finance, communication, human resources, and policy.
Questions pertaining to marketing, finances, communication, human resources, and policy are of interest to sport management researchers. This statement is True.
Sport management research is the act of locating and analyzing particular phenomena or problems that are peculiar to the field of sport management. Any topic, such as organizational behavior and theory, ethics, sponsorship and sales, governance, facility, and event management, or economics and finance, maybe the focus of the study.
Sports researchers can learn more about sports management through study, which also helps them better comprehend the various potential occurrences in the sector. The knowledge they obtain will help them in their efforts to enhance the organization.
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what does cob stand for
COB basically stands for the close of business and basically represents the close of a particular business at the end of the business day.
COB basically stands for the close of business. It basically refers to the end of a particular business day and indicates the close of the financial markets in the New York City. It basically defines the business hours in the U.S. This terminology is very widely used in business communications in order to set a deadline for a particular task which has to be completed by 5:00 PM according to the Eastern Standard Time (EST).
COB is able to be used interchangeably with end of play (EOP), close of play (COP), end of business (EOB) and the end of day (EOD).
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Which power strategy is most closely aligned with OD's traditional humanistic values? a. playing it straight b. avoiding confrontation c. using social networks d. going around the formal system
The power strategy that is most closely aligned with OD's traditional humanistic values is avoiding confrontation. Here option B is the correct answer.
In traditional OD, the emphasis is on collaboration, open communication, and mutual trust and respect. The avoidance of confrontation is consistent with these values, as it reflects a preference for resolving conflicts and differences through dialogue and negotiation rather than through the use of power or force.
While the other power strategies may be effective in certain situations, they may be less consistent with the values of traditional OD. For example, "going around the formal system" (option d) may involve deception or circumventing established processes, which could undermine trust and erode the integrity of the system.
Similarly, "using social networks" (option c) may involve favoritism or nepotism, which could undermine merit-based decision-making and lead to resentment and mistrust.
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what can be said about the future role for the u.s. in the world economy? part 2
The U.S. needs to become more cognizant of and integrate into the economic success of other countries.
The US is a profoundly evolved blended market economy. It is the world's biggest economy by ostensible Gross domestic product, and the second-biggest by buying power equality (PPP) behind China. It has the world's seventh-most noteworthy per capita Gross domestic product (ostensible) and the eighth-most noteworthy per capita Gross domestic product (PPP) starting around 2022. U.S. represented 15.5% of the worldwide economy in 2022 in PPP terms, and around 24.7% in ostensible terms in 2022. Its organizations are at or close to the front line in mechanical advances, particularly in PCs, drugs, and clinical, aviation, and military hardware. The U.S. dollar is the cash of record most utilized in global exchanges and is the world's chief save money, supported by the country's monstrous economy, stable government and legitimate system, enormous U.S. depositories market, broad normal assets, exceptionally progressed military, its job as the reference standard for the petrodollar framework, and its connected eurodollar. A few nations use it as their authority cash and in others, it is true money.
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then write an essay in which you evaluate what a business or government agency would need to consider before transferring a hardy but nonindigenous species to another country. synthesize at least three of the sources for support.
The essay in which I evaluate what a business or government agency would need to consider before transferring a hardy but nonindigenous species to another country is given below.
What is the essay about?The transfer of hardy but nonindigenous species to another country can have far-reaching and sometimes unintended consequences. Both businesses and government agencies must carefully evaluate the potential risks and benefits of such a transfer before proceeding. There are many factors to consider, including ecological, economic, and social implications, as well as legal and ethical considerations.
One major ecological concern is the potential for nonindigenous species to become invasive, outcompeting native species for resources and disrupting the natural balance of the ecosystem. Invasive species can cause significant economic and environmental damage, leading to losses in biodiversity, crop yields, and other important resources. In a study published in the journal Nature, researchers found that the global cost of invasive species was estimated to be around $1.4 trillion per year, highlighting the importance of careful consideration before introducing nonindigenous species.
Economic considerations also play a role in the decision to transfer nonindigenous species. For businesses, the introduction of a hardy species may lead to increased profits through higher yields or reduced costs.
In conclusion, the transfer of hardy but nonindigenous species is a complex issue that requires careful consideration of many different factors. Businesses and government agencies must evaluate the potential ecological, economic, social, legal, and ethical implications of any transfer before proceeding.
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____ is a statement describing which markets or businesses the organization will compete in is describing the of the organization’s strategy.
Business organization, an entity created with the intention of conducting business.
A system of law governing contract and trade, property rights, and incorporation is the foundation of such an organization.
Typically, businesses are organized as one of three types: sole proprietorships, partnerships, or limited liability companies (or corporations). In the first type, a single person owns the entire business as his personal property and typically oversees daily operations. Certain kinds of enterprises predominate. Large law and accounting firms, brokerage houses, and advertising agencies are examples of the second kind, the partnership, which can have two to fifty or more members. The owners of this type of company are the partners.
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level responsible for goal setting and strategic planning
The level responsible for goal setting and strategic planning varies depending on the size and structure of the organization.
Generally, the top management team, such as the CEO, board of directors, and executive management, is responsible for developing and setting goals and strategies for the organization.These individuals have the responsibility of defining the overall mission, vision, and objectives of the organization and determining the best strategies to achieve these goals. They also have the authority to allocate resources and determine the priorities and direction of the organization. in some organizations, goal setting and strategic planning may involve input and collaboration from middle-level management, department heads, and other stakeholders. These individuals may provide feedback and suggestions based on their expertise and knowledge of the organization's operations and customers.
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The complete question is : Top-level managers responsible for setting goals and planning for the future
a decrease in which of the following, all else being equal, will increase the current value of a stock according to the dividend growth model?
The current value of a stock will rise as the discount rate falls.
Because the intrinsic value of a stock and the discount rate are inversely related, an increase in the discount rate will result in a decrease in the intrinsic value of the stock.
Do dividends impact stock price?Dividends on stocks
The price of the stock typically rises following the declaration of a dividend. A stock dividend lowers the book value per common share and lowers the stock price since it increases the number of shares outstanding while the company's worth remains constant.
According to the dividend growth model, what factors influence the stock's value?The dividend-growth model states that a stock's value is determined by its existing payouts, its rate of dividend growth, and the required level of investor capital.
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which of the following is an example of detective controls? multiple choice employees should be made aware of the company's internal control policies. management periodically determines whether the amount of physical assets agree with the accounting records. the company should establish formal guidelines to handle cash receipts and make purchases. important documents should be kept in a safe place, and electronic files should be backed up regularly.
The management periodically determines whether the amount of physical assets agree with the accounting records is an example of defective control.
What is defective control?
Detective control is an accounting term that refers to a type of internal control that is designed to detect problems in a company's processes after they have occurred.
Detective controls can be used to achieve a variety of objectives, including quality control, fraud prevention, and legal compliance. A physical inventory count is an example of a detective control that can be used to detect when actual inventories do not match those in accounting records.
Account report and reconciliation reviews, as well as assessments of current controls, are examples of detective controls.
Therefore, the second option is an example of defective control.
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What happens to price elasticity of demand when price increases?
When prices increase, the price elasticity of demand changes in way that the demand decreases, thus it monitors the response of demand.
Price elasticity of demand (PED) regulates how much a product or service's demand changes in response to a price change. With most products, a rise in price causes a drop in demand, while a rise in price causes a rise in demand. The percentage change in quantity demanded divided by the percentage change in price is used to compute PED. This calculation's value represents how responsive the demand is.
A good is said to have "elastic demand" if there is a significant shift in demand following a price change. On the other hand, a good is said to have somewhat inelastic demand if there is only a slight variation in demand.
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which administrative tool can be used to reinstall drivers for a device that isn’t working correctly?
Device Motorist reinstallation Enter" device operation" and also" device director" in the taskbar's hunt box. To uninstall a program, simply right- click( or click while holding) the device's name.
Your computer should be renewed. Windows will make an trouble to install the motorist again. That's a analogous approach to modernize the motorist. By opting Device director from the environment menu of the Windows icon, you can renew the Device director. The device you want to reinstall can be set up via the menu. To uninstall a device, right- click it and also elect Uninstall device from the menu. Your computer should be renewed.
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describe what estimators look for in their review of the bid documents.
Data may be highlighted by the estimator for consideration at a later stage of the estimation process. Everything unique in the specs or on the drawings falls under this category.
The price of an item is determined by the job's specifications. The information in specifications include things like construction type, material quality, mix ratios, how the work is to be done, etc. Detailed specs, rates, and other information are needed in order to create an estimate. Plans, sections, elevations, and other drawings are required to create the estimate.
They define the types, amounts, and ratios of materials as well as the preparation and execution processes for a specific piece of work within a project.
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What is cash flow statement how do they work and what specifically do they show you?
The cause of a cash flow statement is to offer a detailed picture of what happened to a commercial enterprise's cash during a particular period, called the accounting length.
Accounting is a fundamental part of any business or organization, providing a system for recording, classifying, and summarizing financial transactions to help monitor and control financial resources. The main objective of accounting is to provide accurate and reliable financial information to stakeholders, such as investors, creditors, and management, to make informed decisions about the allocation of resources.
It involves the use of various tools and techniques, including financial statements, budgeting, auditing, and tax planning, to manage financial performance and comply with legal and regulatory requirements. Effective accounting also involves analyzing financial data to identify trends and patterns, and making recommendations for improving profitability, reducing costs, and maximizing efficiency.
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what is the key distinction between audit services and attest services?
The correct option is C, the key distinction between audit services and attest services Audits are limited to economic actions and events while attest services are not.
Audits refer to the systematic review, examination, and verification of financial or operational records, procedures, and controls of an organization or business. The main objective of an audit is to provide an independent and objective opinion on the accuracy and reliability of financial statements, as well as to ensure compliance with legal and regulatory requirements.
Audits are usually conducted by trained and certified professionals, such as auditors, accountants, or regulatory bodies. The audit process involves gathering evidence, assessing risk, testing internal controls, analyzing financial data, and reporting the findings to the relevant stakeholders. Audits play a crucial role in ensuring transparency, accountability, and good governance, particularly in the public sector and listed companies.
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Complete Question: -
What is the key distinction between audit services and attest services?
a. Audit services provide written reports to interested users while attest services do not.
b. Audits provide assurance regarding subject matter that is the responsibility of others while attest services do not
c. Audits are limited to economic actions and events while attest services are not
d. None of the above is a distinction between audits and attest services
in agile projects, the individual who leads in a collaborative manner by guiding teams and removing obstacles to their progress is called the: group of answer choices sponsor. project manager. scrum master. facilitator.
The supervisor and the construction manager are the team members' two bosses in a matrix structure.
What is a project defined as?A projects is a collection of goals that must be achieved in a specific time frame. They offer a great chance to effectively organise both your professional and personal goals. It is anticipated that the modifications to the project process of completing this project will improve performance.
How come it's called a project?The Latin word projectum, from which the English word project is derived, is originated in the Latin gerund proicere, which means "before an action," and which itself is derived from the prefix pro-, which designates precedence and anything that comes within a week of another thing during time (contrasting with the Greek ). Hence, the original meaning of the word "project" was "before an action".
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the burden of a tax falls more heavily on the sellers in a market whenA. both supply and demand are elasticB. both supply and demand are inelasticC. demand is inelastic and supply is elasticD. demand is elastic and supply is inelastic
The burden of a tax falls more heavily on the sellers in a market when D. demand is elastic and supply is inelastic
What is burden of a tax ?The majority of the tax burden falls on consumers if demand is more rigid than supply. Yet, sellers shoulder the majority of the tax burden if supply is less elastic than demand.
When demand is inelastic, customers do not react to price changes very much, and the amount sought is mostly unchanged when the tax is implemented. Because smokers are dependent on the product, demand for cigarettes is inelastic. Without much of a drop in the equilibrium quantity, the seller can then pass the tax burden on to customers in the form of higher pricing.
Sellers are forced to accept lower pricing when a tax is implemented in a market with an inelastic supply, such as, for instance, beachfront hotels.
Therefore, option D is correct.
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the infant industry argument relies on an assumption that firms can make efficient long-term investments by borrowing money from the domestic or international capital market.True/False
The infant industry argument relies on an assumption that firms can make efficient long-term investments by borrowing money from the domestic or international capital market - False
An emerging industry in economics is one that is not yet powerful enough to compete with those in more mature markets. A fledgling, emerging industry is a sector of the economy that, in its early stages, either finds it extremely difficult or impossible to compete with well-established competitors abroad. The foundation of the infant industry argument is that enterprises cannot borrow money from either the local or international financial markets to make successful long-term investments.
Therefore, various long-term investments have to be subsidized by governments. Further, according to the industry argument, a well-known idea in international commerce, emerging industries require protection from foreign rivals until they are mature, stable, and prepared to compete.
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gillette has the largest market share in men’s razors and blades, products that offer little growth potential. the planning team wants to pursue a high-growth/high-potential market. as an expert in international business, what do you tell the team?
Despite the fact that Gillette joined the Indian market in 1984 and introduced its newest triple-blade system, the Mach3 in 2004, sales remained stagnant for a considerable amount of time.
The device remained unchanged and maintained its major characteristics, including long-lasting blades coated with diamond-like material, 'PowerGlide' smoothness, ergonomic handles, and pivoting precision heads, as well as a premium pricing that was ten times higher than that of its two-blade rivals. Although the target market consisted of professional males with better spending incomes than the average Indian, the conventional, double-edged razor was inflexible. Shaving is not a major enough action in Indian men's eyes to warrant such a premium. Based on in-depth customer research, Gillette developed the Mach3 value proposition to address the main issues that men experienced with shaving, including time consumption and skin irritation.
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a manufacturer has a process where materials are added all at the beginning of the process and conversion costs are added evenly throughout the manufacturing process. if 400 are 30% completed during the period, the eup for conversion is
The EUP for conversion is 120 if 400 are only 30% finished throughout the time period.
What is EUP for conversion cost?Equivalent units of production (EUP) is an accounting management calculation that determines how many units could have been begun and finished during a certain period if all resources had been allocated to them. Equivalent Units of Production are fully completed units that represent the amount of work completed during the month.
For computing EUP, the units begun and finished during the current period are multiplied by 100%, where units begun and completed equal units sent out minus initial WIP units. Ending WIP units are multiplied by the proportion of work that has been finished.
Calculation of EUP for Conversion:
EUP for Conversion 120 = 400*30%
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there are 10 movies that greg would like to rent but the store only allows him to have 4 movies at one time. in how many ways can greg choose 4 of the 10 movies?
Greg can choose 4 of the 10 movies in 210 ways. It is a question of combination. Combination is a way of opting particulars from a collection where the order of selection doesn't count.
The number of ways he can choose 4 out of 10 = 10/4
The number of ways he can choose 4 out of 10 = 210
In mathematics, a combination is a way of opting particulars from a collection where the order of selection doesn't count. Suppose we've a set of three figures P, Q and R. also in how numerous ways we can elect two figures from each set, is defined by combination.
In lower cases, it's possible to count the number of combinations, but for the cases which have a large number of group of rudiments or sets, the possibility of a set of combination is also advanced. thus, a formula has been determined to find the possible selection of the number of particulars, which we will bandy in this composition.
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jones manufacturing purchased $10,000 of merchandise inventory on account from a vendor and paid a $500 freight bill. the credit terms are 2/10 or n/30. because some of the merchandise was not needed, jones manufacturing returned $2,000 the same day. jones manufacturing uses the perpetual inventory system and made payment for the merchandise, less the return, within the discount period. what is the final cost of the merchandise inventory for jones manufacturing from this purchase? answer unselected $10,094 unselected $8,000 unselected $8,340 unselected $7,840
The total cost of the inventory of goods for Jones Manufacturing following this acquisition is $8340.
What is the price of inventory?These costs consist of items like: The cost of delivery of the acquired products, assuming the buyer is responsible for those fees. the costs involved with placing a purchase, like phone call costs. expenses connected with inventory reviews after supplier delivery.
It is necessary to first calculate the value of inventory at the start of the study period, then add the cost of any new inventory purchased during the study period, and then subtract the value of inventory held at the end of the study period in order to arrive at the cost of products sold (COGS).
Purchased- 10000
Freight Bill- 500
Credit terms- 2/10 n/30
Returned- 2000
Purchase- $10000
Return- $2000
Net inventory- $8000
Discount %- 2%
Discount- 8000 X 2%= $160
Net inventory- $8000 - $160= $7840
Freight Bill- $500
Final cost- $7840 + $500= $8340
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Consider the following information: budgeted indirect cost $3,000 budgeted production units 800 budgeted direct manufacturing labor hours 550 budgeted customer orders 400 actual number of setups 1,000 using broad averaging, what is the budgeted indirect-cost rate per direct manufacturing labor-hour?
To calculate the budgeted indirect-cost rate per direct manufacturing labor-hour using broad averaging, we need to divide the budgeted indirect cost by the budgeted direct manufacturing labor hours. The formula for this calculation is:
Budgeted indirect-cost rate per direct manufacturing labor-hour = Budgeted indirect cost / Budgeted direct manufacturing labor hours
Plugging in the given values, we get:
Budgeted indirect-cost rate per direct manufacturing labor-hour = $3,000 / 550
Budgeted indirect-cost rate per direct manufacturing labor-hour = $5.45
Therefore, the budgeted indirect-cost rate per direct manufacturing labor-hour using broad averaging is $5.45.
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what technique did frank and lillian gilbreth use to expand on taylor's motion studies? multiple choice question. they provided scripts for manager-employee conversations. they created the just-in-time inventory system. they filmed workers to isolate parts of a job. they created logical supply chains for every industry.
The technique that Frank and Lillian Gilbreth used to expand on Taylor's motion studies was: they filmed workers to isolate parts of a job.
What is Taylor's motion studies?Frederick Winslow Taylor created a set of guidelines and methods known as Taylor's motion studies, often referred to as time and motion studies, in the late 19th century to assess and improve the effectiveness of industrial processes. This research sought to determine the most effective way to carry out a work, minimize the time and effort needed to execute it, and increase production while lowering expenses.
Taylor's method was founded on the discovery that work could be divided into a number of distinct motions or acts, and that it was possible to spot and eliminate inefficiencies in the production process by carefully examining and timing these motions. Instead of depending only on the expertise and judgment of certain employees, he thought that the best way to do this was by using scientific concepts and procedures.
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