Consider the annual expense of a plant in the following table: Types of expenses Amount of money($)
Direct labor 5,000,000
Materials 1,000,000
Factory expense 1,500,000
Corporate expense 4,000,000
a) Determine factory overhead rate, cooperate overhead rate
b) Suppose that this plant will produce 100 products which are ordered from customer with processing time is 150 hours. The total time for processing the parts (including setup and other direct labor) is 100 hr. Direct labor cost is $18.00/hr. The material cost is provided by the customer.
1) Determine the cost of the job.
2) Determine the price should be quoted to the customer if the company uses a 10% markup?
Noted that the total cost =direct labor cost +material cost + overhead cost.

According to the research in strategic human resources management, answers: firms that are able to use human resource practices to develop socially complex human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially simplistic human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially complex human and organizational resources gain little advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially complex human and organizational resources are at a competitive disadvantage when compared to firms that do not engage in these practices.

Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?