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r-ruslan [8.4K]
2 years ago
13

A catering company prepared and served 350 meals at an anniversary celebration last week using 8 workers. The week before, 2 wor

kers prepared and served 230 meals at a wedding reception. a1. Calculate the labor productivity for each event. (Round your answers to 1 decimal place.) Anniversary meals/worker Wedding meals/worker a2. For which event was the labor productivity higher
Business
1 answer:
pav-90 [236]2 years ago
3 0

Answer:

Labour productivity at an anniversary celebration = 43.75

Labour productivity  at a wedding reception = 115

Labour productivity is higher at the wedding reception.

Explanation:

Labour productivity is the ratio of output to labour

Labour productivity at an anniversary celebration = 350 / 8 = 43.75

Labour productivity  at a wedding reception = 230 / 2 = 115

Labour productivity is higher at the wedding reception. Less labour produces more more meals.

This can be explained by the law of diminishing marginal returns

the law of diminishing returns states that as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.

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Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D
andreyandreev [35.5K]

Answer:

(E) 225,000; 195,000

Explanation:

Provided information,

Method used = FIFO

Provided units in opening as well as closing are 100% complete with respect to materials.

Opening = 50,000 units for $70,500 which were 100% complete with respect to material

During the month = 225,000 units for $342,000

Since both are 100 % complete for materials

Equivalent units for materials for the month = 225,000 = 225,000 units

Provided for conversion cost

Opening = 50,000 which is 40% complete, that means 60% was not complete which is completed during the month

= 50,000 \times 60 % = 30,000 units during the month

225,000 units newly added this month out of which 150,000 units are completed

Remaining 75,000 units are 20% complete for conversion cost = 75,000 \times 20% = 15,000 units completed.

Equivalent units completed during the month = 30,000 from opening + 150,000 + 15,000 = 195,000 units

Therefore correct option is

(E) 225,000; 195,000

8 0
2 years ago
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is Rs.500 a ride. Motorvill
larisa86 [58]

Answer:

The answer is below

Explanation:

i) The price elasticity of demand is given by the formula:

Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{40-80}{(40+80)/2} }{\frac{600-500}{(600+500)/2} }=\frac{-2/3}{2/11} =3.667 (ignore \ the\ sign)

Since the price elasticity of demand is greater than 1 hence it is elastic

ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.

iii)

Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{120-80}{(120+80)/2} }{\frac{400-500}{(400+500)/2} }=\frac{0.4}{-2/9} =1.8 (ignore \ the\ sign)

Since the price elasticity of demand is greater than 1 hence it is elastic

4 0
2 years ago
Assume you are the CEO of Black Diamond, a global organization. You realize that some of the people in your organization are hig
const2013 [10]

Answer:

a. High uncertainty avoidance.

Explanation:

Cultures that have high uncertainty avoidance have a low tolerance for situations that are unclear and vague. They tend to avoid risk, follow laid down rules, and favor well structured environments.

People from cultures with high uncertainty avoidance will be ideal for the Black Diamond team. They will function well in a structured team where members collaborate to achieve set goals.

3 0
2 years ago
1. How has an understanding of consumer behavior helped Coppertone grow in the United States and around the globe? 2. Describe t
True [87]

Answer: The answers are provided below

Explanation:

1. The understanding of consumer behavior which has helped Coppertone grow in the United States and around the world are:

• Its understanding of consumer behavior was along with changing behaviour of consumers.

• Its understanding was along with consumer's changing needs.

• Providing innovative solutions that are in accordance with consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumers preferences changed from tanning to skin protection.

2. . The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information. It is the stage of seeking solution to the problem

c. Comparision of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability etc.

d. Decision of purchasing - This is the stage of decision making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. The factors that can influence the Coppertone consumer purchase decision process are:

• Psychological: It is the intention of consumers to protect their skin from the sun while going out thereby maintaining their good look.

• Sociological : It is in human behaviour to replicate the things that are being done by other people in the society.

• Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their need.

4. The marketing activities Coppertone utilized to help it grow in the marketplace are:

• Advertisment: Coppertone advertisment strategy really worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

• Use of social media: They also engage with their customers on social media nd other websites.

5. The challenges that would be faced by Coppertone in the future are:

• There will be an unbalanced demand and supply since the requirement of the product is seasonal.

• Selective usage of the product by the customer can hampers the sale.

• There may be the need for more innovative products in order to meet customer needs.

The recommendation related to each challenges are:

• Awareness should be created among the customers about their self health and looks, in order for them to shift away from seasonal usage.

• New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

6 0
2 years ago
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct
7nadin3 [17]

Answer:

a) 25000 labor x 150% rate =37,500 overhead

b) total manufacturing cost:

12,000 +25,000 + 37,500 =  74,500

d) labor  = overhead / 1.5 = 18000 / 1.5 = 12,000

c) total less labor les maufacturing = materials

45,000 - 18,000 - 12,000 = 15,000

e) to solve for labor we express overhead in function of labor:

materials + labor + 1.5labor = total manufacturing

15,000 + 2.5 labor = 35,000

labor = (35,000 - 15,000) / 2.5 = 8000

f) overhead: 8,000 x 1.5 = 12,000

Table to fill:

Direct Material used

12,000    //   c    //   15,000

Direct labor

25,000  //   d   // e

Manufacturing overhead applied

a   //  18,000 //  f

Total current manufacturing costs  

b   //  45,000   //  35,000

Explanation:

4 0
2 years ago
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