businesses are transforming labor into a more flexible (and variable) cost. Among such companies are Hewlett-Packard‚ General Electric‚ DuPont‚ Sun Microsystems‚ and British Airways. Discuss whether direct labor is a fixed or a variable cost. What are the pros and cons of management treating direct labor as a variable cost? Are there ethical issues to be considered here? Direct labor can be classified as a fixed cost or a variable cost‚ depending on how flexible the employer needs to be/can be with
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Cost of Production Fixed costs are those that do not vary with output and typically include rents‚ insurance‚ depreciation‚ set-up costs‚ and normal profit. They are also called overheads. Variable costs are costs that do vary with output‚ and they are also called direct costs. Examples of typical variable costs include fuel‚ raw materials‚ and some labour costs. An example Production costs Consider the following hypothetical example of a boat building firm. The total fixed costs‚ TFC‚ include
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goods and services. This is only possible with greater consumption of natural resources such as land‚ forest‚ fuels etc. Thus reckless and thoughtless use of these resources would cause their exhaustion and degradation‚ thereby reduce productivity and impede economic growth. As a result our future generations will not get enough resources for their use thus adversely affecting their output‚ income and living standards. So environmental degradation not only affects us but will also have repercussions
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In Where Are You Going‚ Where Have You Been Joyce Carol Oates uses compelling themes to convey real life issues to the readers. She also exploits many references to well know fairytales through symbols and motifs. This short story shares the theme of good versus evil to the fairytales Cinderella‚ Rapunzel and Snow White. The theme of evil is first expressed through Connie’s and Cinderella’s afflictions with their sisters that shape the essence of sibling rivalry. Like Cinderella‚ Connie’s sister
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product costs are the direct materials‚ and manufacturing overhead that are involved in acquiring or making products. Products costs are assigned to an inventory account on the balance sheet and considered to be assets. When the goods are sold‚ the costs are released from inventory and are recognized as expenses in the income statement. Period costs are all the costs that are not included in product cost‚ such as advertising‚ executive salaries‚ and other nonmanufacturing costs. These costs are expenses
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Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone products after making a choice. Opportunity cost is a
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Be Careful What You Wish For Anything that is too much is harmful. The main character in "Where are you going‚ Where have you been?" Connie‚ faces the end conclusion of her shallow ways when she is approached by evil in human form. She had an excess of self-confidence. This self-confidence leads to a false sense of security and bad reputation. Connie also had a large amount of bad choices. She would do her best to impress boys with her looks; eventually she impressed the wrong guy. This
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changes as you grow older and transforming from a young and reckless‚ naïve child into a working‚ responsible adult could be very fearful. Change itself is one of the biggest fears people encounter each and every day. Having to do things on their own‚ or figuring out if the decisions they make are right and if their experiences are going to help them or just hurt them more in the long run. In Connie’s experience with Arnold Friend‚ whether it is real or a dream‚ the theme of "Where Are You Going‚ Where
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other‚ and contrast uniformity. Psychopaths lead to the death of individuals that conform to the standard and have no remorse for the action. They disrupt the flow of progress and end the life of another with no penalty of law. Psychopaths work to change how society thinks as a norm‚ such as a psychopath in “Cask of Amontillado‚” “The Lottery‚” and “Where Are You Going‚ Where Have You Been.” “Cask of Amontillado” shows how a calm person can hide envy and hate. Montresor works with Fortunato to reach
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twentieth centuries‚ continued into the 1960s and 1970s‚ then followed by the 1990s to the twentieth century‚ feminism and feminist grown across the nation. From clubs and organizations‚ to readings and speeches‚ feminist all across the nation‚ and world‚ have influenced aspects of our daily lives‚ including our literature. “Feminist criticism examines the ways in which literature reinforces or undermines the economic‚ political.‚ social‚ and psychological oppression of woman” (Tyson 83). In simpler terms
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