Holloway Company earned $18,000 of service revenue on account during Year 1. The company collected $14.000 cash from accounts re

Answer:

Part A:

Required workers=20.833≅21

Part B:

Each worker's productivity=2.0833 parts/hour

Part C:

Multifactor productivity=0.0832 Parts/$

Explanation:

Part A:

Total parts produced =100,000

Workers required= Total parts/(Parts per hour* hours per shift*Total Shifts)

Workers required=20.833≅21

Part B:

Individual worker productivity:

Part C:

Total material costs= $10*100,000=$1,000,000

Capital cost= $100,000

Total labor expenses=

Total labor expenses=$100,800

Multifactor productivity=Total Parts/(Total material costs+capital costs+Total labor expenses)

Answer:

Retained profits.

Explanation:

This typically happens when a business funds its operations through earnings generated from the sale of goods or services.

The income that Carol's Clothiers earns from the sales it conducts, referred to as retained earnings, acts as the main source of capital for expanding their operations.

Furthermore, as an LLP (limited liability partnership), where certain or all partners may have restricted responsibilities, they can utilize their retained earnings to provide dividends to shareholders or to repurchase shares.

Answer:

a. This is a result of the Validate Scope process.

Explanation:

The project scope statement serves as a resource that outlines the key deliverables of a project, detailing essential milestones, all necessary requirements, constraints, and assumptions. It thoroughly explains the deliverables of the project along with the necessary work needed to accomplish those deliverables. Additionally, it facilitates a shared understanding of the project scope among stakeholders. Furthermore, it might include clear exclusions from the scope that can help in aligning stakeholder expectations. It is a product of the scope management process and not the verify scope process, meaning that all other choices are valid while option "a" is incorrect.

Answer:

The answer is C.

Explanation:

According to the provided details:

Hudson Co. is manufacturing 1,000 units of a vital component at the cost of $54,400 for direct materials, $24,000 for direct labor, $14,400 for variable overhead, and $16,000 for fixed overhead. If they opt to buy the component instead, Hudson could eliminate $9,600 of fixed overhead expenses. The company aims to reduce expenses and prefers to obtain the component externally.

Make in house:

Variable cost per unit = (54,400 + 24,000 + 14,400)/1000= 92.8

Total expenses = 92.8*1000 + 9600= $102,400