The Production Section of a Firm Is Serviced by Personnel

question 4

Multiple Choice

The production section of a firm is serviced by personnel and computing as follows:
Personnel costs are allocated on the number of employees and computing costs on service hours. Overhead rates are based on labour hours. If the reciprocal services method is used to allocate support department costs, the total cost (rounded) allocated out of Personnel would be:

• A) $40 000
• B) $44 444
• C) $56 715
• D) $55 636

Recognize human capital and its impact on productivity and wages.

Comprehend the impact of international trade on the demand for skilled and unskilled labor.

Analyze the relationship between education, on-the-job training, and human capital accumulation.

Understand the economic theory of labor markets including supply, demand, and wage determination.

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Definitions:

Stimulation

The action of encouraging something to move, grow, or develop further.

Dyspnea

Difficulty or labored breathing, often described as a feeling of being short of breath.

Orthopneic

Pertaining to a position assumed by patients to ease breathing, often sitting up straight or leaning forward.

Position

The location or orientation of an object or individual in relation to its surroundings.