Labor rate variance is the difference between the actual labor rate and the applied overhead rate (standard rate multiplied by the number of actual hours worked). Consider this and respond to the following: • "Our workers are all under labor contracts. Therefore‚ our labor rate variance is bound to be zero." Do you agree or disagree that the labor rate variance will be zero if all workers are under labor contracts? Explain giving reasons. The concept of labor rate variance and its application
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have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Preterm labor is defined as the presence of uterine contractions of sufficient frequency and intensity to effect progressive effacement and dilation of the cervix prior to term gestation (between 20 and 37 wk). Preterm labor precedes almost half of preterm births and preterm birth occurs in approximately 12% of pregnancies and is the leading cause of neonatal mortality in the United States.[1‚ 2] In addition‚ preterm birth accounts for 70% of neonatal morbidity‚ mortality‚ and health care dollars
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Hydrogen Producing Bacteria was incubated in a complete - mix digester with work volume 1.7 L‚ seeded with sludge obtained from the local sewage treatment plant. Each liter of feed medium was composed of the following : 7 g of glucose‚ 1 g NaHCO3 ‚ 500 mg of NH4Cl ‚ 250 mg KH2PO4 ‚ 250 mg K2HPO4 ‚ 320 mg of MgSO4 • 7H2O ‚ 50 mg of FeCl 3 ‚ NiSO4 32 mg ‚ 50 mg CaCl2‚ Na2BO7 7.2 mg H2O ‚ 14.4 mg (NH4) 6MO7O24 H2O ‚ 23 mg of ZnCl2 ‚ 21 mg CoCl2 H2O ‚ 10 mg CuCl2•2H2O and 30 mg of MnCl2•4H2O . The reaction
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TITLE ( LABOR – exertion by human beings of physical or mental efforts‚ or both‚ towards the production of goods and services. Labor also means that sector or groups in a society which derives its livelihood chiefly from rendition of work or services in exchange for compensation under managerial direction. (Mendoza: 2001) CHAPTER I GENERAL PROVISIONS ( ART. 1. NAME OF DECREE “Labor Code of the Philippines” ? ART. 2. DATE OF EFFECTIVITY ( The Labor Code took
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4. 1) Labor demand is more elastic the greater the elasticity of demand for the output. When the wage rises‚ the marginal cost of production increases. A wage increase‚ therefore‚ raises the industry’s price and reduces consumers’ demand for the product. Because less output is being sold‚ firms cut employment. The greater the reduction is consumer demand‚ the larger the cut in employment and the more elastic the industry’s labor demand curve. Unions want to limit the availability of goods that compete
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Components of Labor *The 4 P’s: • passage • passenger • powers • psyche i. PASSAGE • refers to pelvis & soft tissues which include: lower uterine segment‚ cervix‚ vaginal canal • 2 pelvic measurements --Necessary to determine adequacy: diagonal conjugate- narrowest at inlet; transverse diameter- narrowest at outlet • If disproportion occurs usually the pelvis (If fetus presents in unusual position); could be R/t mother: being < 4’9” tall being < 18 years old Underwent
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Definition Labor is a physiologic process during which the products of conception (ie‚ the fetus‚ membranes‚ umbilical cord‚ and placenta) are expelled outside of the uterus. Labor is achieved with changes in the biochemical connective tissue and with gradual effacement and dilatation of the uterine cervix as a result of rhythmic uterine contractions of sufficient frequency‚ intensity‚ and duration.1‚2 Labor is a clinical diagnosis. The onset of labor is defined as regular‚ painful uterine contractions
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Unit 203 Unit title: Principles of managing information and producing documents 1. Understand the purpose of information technology in a business environment 1.1 Identify different types of information technology that may be used for work tasks Types of technology that could be used to do tasks at work are computer software like: Microsoft Word which is software used to create documents Excel is software that can be used for storing and organising data. Publisher is software which is used
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