Answer:
Direct labor
Explanation:
The role of direct labor is to convert direct material into the finished products. Without the help of direct labor, it is impossible to convert the direct material into the finished goods.
Here, the direct material means the labor which works on manufacturing a product which is directly related to the production level. The allocation of direct labor is done based on the number of hours worked or product.
Hence, The efforts of employees who work directly to convert direct materials into the finished product are referred to as direct labor
Answer:
The statement is: True.
Explanation:
Currency exchange rates determine how much currency values compared to another currency. Different factors influence the valuation of those currencies but mainly it depends on how much they can be used and accepted in different parts of the world. The more regions accepting the currency, the higher the value of the currency.
<em>Nowadays the United States dollar (USD) is the most used currency worldwide. However, it has historically had a lower value than the Euro (EUR). It means the USD is weaker in front of the EUR even nowadays, implying every time people want to exchange dollars for euros they get fewer euros for more dollars.</em>
Answer:
Production budget = 75,000 units
Explanation:
<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>
Production = Sales volume + closing inventory - opening inventory
Production budget for 2016
=85,000 + 20,000 - 30,000
= 75,000 units
Answer:
c.
Explanation:
the product is a "me-too" and contains no new technology or points of difference
Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time
Answer:
Choose Project A whose payback is 2.492 years and therefore falls within the 2.5 year required payback period.
Explanation:
Project A
Year Cash-flow Balance
0 (72,000) (72,000)
1 21,400 (50,600)
2 22,900 (27,700)
3 56,300 28,600
Project B
Year Cash-flow Balance
0 (81,000) (81,000)
1 20,100 (60,900)
2 22,200 (38,700)
3 74,800 36,100
