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Prime cost and conversion cost?
Prime cost = direct materials + direct laborwhile conversion cost = direct labor + factory overhead( which includes indirect materials, indirect labor and other indirect costs
What is the common element between prime cost and conversion cost?
Direct Labor.
What is the inflation rate if nominal wages increase by 3 percent and labor productivity increases by 1 percent?
103/101 = 1.0198 So, if there are no other changes, (eg in capital productivity) inflation is 1.98 %. For small percentage changes, it is usually safe to take 3% - 1% = 2% since the estimation error in these figures is likely to be greater than the rounding error between 1.98 and 2.0
What are the 6 factors that influence agriculture?
Location, Climate, Raw Materials, Labor, Market and Transportation
Which factor is most contributing factor to increase nation's wealth?
The largest factor is the amount of labor.
What is the percent break down for labor force by occupation in Cambodia?
15 percent
What is the main occupation of Afghanistan?
About 78% of the labor force in Afghanistan is invloved in agriculture.
The percentage of the working-age population in the labor force employed officially unemployed is called the?
Labor-force participation rate
What is Canada's Labor force by Occupation?
Up to 2009: the total No. is about 27,750,712.
Why did Hawaii not force Japanese residents into internment?
a large percentage of the labor force was japanese.!
Why did Hawaii not force its Japanese residents into internment?
a large percentage of the labor force was japanese.!
What does the unemployment rate represent?
the percentage of the total labor force that is unemployed
A percentage of labor force either employed or actively seeking employment is called?
but
What percentage of the labor force was in World War 2 military?
1 million
How do you Calculate working age population?
To calculate the working age population, you typically identify the age range considered as "working age" within a specific country or region (for example, 15-64 years old). Then, look at the total population data and subtract those outside the working age range (e.g., under 15 and over 64) to determine the working age population size. This figure is essential for economic analyses and workforce planning.
During the 1990s by what percentage did the number of people in the US labor force increase?
10.8 percent
What is a force labor?
force labor
