Smart Manufacturing budgeted costs for 50,000 linear feet of block are:
Fixed manufacturing costs $24,000 per month
Variable manufacturing costs $16.00 per linear foot
Smart installed 40,000 linear feet of block during March. How much is budgeted total manufacturing costs in March?
a) $800,000
b) $664,000
c) $640,000
d) $824,000
b) $664,000
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A compensation plan which will likely produce the greatest degree of company-centeredness and financial security for the employee is:
A) straight commission plan B) guaranteed salary C) straight salary D) guaranteed salary plus a bonus E) straight commission plus a bonus
In the context of insurance, what does the term premium refer to?
A) the money received from the defaulting party B) the money paid to the insurance company C) the money paid to insured after an accidental damage D) the money paid to insurance brokers as fee