1. Danoff Midwifery’s cost formula for its wages and salaries is $1‚540 per month plus $497 per birth. For the month of March‚ the company planned for activity of 112 births‚ but the actual level of activity was 107 births. The actual wages and salaries for the month was $56‚850. The activity variance for wages and salaries in March would be closest to: A. $2‚485 U B. $354 U C. $2‚485 F D. $354 F Solution: C (1‚540 * 1) + (497 * 112) = 57‚204 (Planned) (1‚540 * 1) + (497 * 107) = 54
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is normally average around 2/3rd of men’s .In general‚ simply 1/5th of world’s wages accrue to women partly because they are engaged usually in low paying-jobs. Still in these jobs‚ payment is less usually to women compare to men instead doing comparable work (Bergmann‚ 1971)‚ the result of discrimination and exclusion of women are solely the gender differences in labour market‚ to evaluate a method the output and wage are affected under conditions of discrimination it has been projected in the context
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room hut that includes no more than an out-house and an old refrigerator. She has to haul water from a single faucet that services a group of other families as well as her own. Hoping that some development would come (either in working conditions or wage) since the beginning of her working career as a child‚ Hernandez knows that progress hasn’t developed within the last couple of years. While she continues to slave in ‘maquiladoras’ (U.S. and other foreign-owned factories that assemble products for
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for high wages‚ and which are sufficient. In most cases the conditions are neither necessary nor sufficient. Turning first to demand for labour. Without high marginal revenue product (MRP) no profit maximising private sector firm will pay high wages (note wage=AWC‚ which is less than or equal to MWC))‚ since it aims to make MRP=MWC. If MRP is not high‚ MWC cannot be high and therefore neither can the wage be high. This idea does not work in reverse. High MRP does not guarantee high wages‚ as in
Free Economics Supply and demand Wage
negotiations between representatives of management and labour representatives no such issues as wages‚ wage grades‚ working conditions and other welfare amenities. At the end of negotiations both the parties sign an agreement which has a stipulated duration. In conventional bargaining whether at enterprise-level or industry level‚ the lead is normally taken by the union‚ which demands higher wages‚ fringe benefits‚ better working conditions‚ etc. Most of the times after considerable amount of
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is no cost at the moment c) Wages paid to the firm’s workers – Explicit‚ as the company would be paying wages d) The wages the firm’s owner could earn if he worked for another company – Implicit‚ because the company does not spend any money on potential outside wages for the firms owner. 2. Consider the following information in the table for Pat’s Pizza Restaurant and answer the questions below. Marginal Product of Capital 4‚000 Marginal Produce of Labor 100 Wage Rate $10 Rental Price of Pizza
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Benefits and costs of authorized immigrants to workers‚ consumers‚ and the economy are varied. Authorized immigrants have the ability to come to the US and make higher wages than they usually can in there home country. With the legality of their working here they will still pay taxes‚ and abide by all US laws. This allows for firms to hire workers that will do many of the undesirable jobs most people would not want to do‚ or are over qualified to do without forcing the firms to operate in the "black
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The following cost data for the year just ended pertain to Heartstrings‚ Inc.‚ a greeting card manufacturer: Service department costs * ……………………………………. $ 50‚000 Direct labor: wages ……………………………………………. 242‚500 Direct labor: fringe benefits …………………………………… 47‚500 Indirect labor: fringe benefits …………………………………. 15‚000 Fringe benefits for production supervisor ……………………. 4‚500 Total overtime premiums paid ……………………………….. 27‚500 Cost of idle time: production employees § …………………… 20‚000 Administrative
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girls to work in their silk factories. The costs did not outweigh the benefits the female workers in Japanese silk factories during the early 1900’s because workers were working under harsh and inhuman conditions‚ with amount of hours they work the wages are really low and it was out of choice to work
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3.1 Understanding of University-Industry Collaboration. University-Industry Collaboration is mainly driven by the rapid change in consumer market today where industries source for open innovation to gain edge in the global market. When organizations and universities work together to push the frontiers of knowledge‚ they become a powerful engine for innovation and economic growth. (Edmondson‚ G‚ et al. 2012) UIC has become increasingly popular from mutual benefits where university are able to find
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