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What are the strengths and weaknesses of the communist manifesto?
The Communist Manifesto remains controversial in political and economic discussions. It received praise for its insight into labor and production and championing proletariat rights, and is criticized for encouraging too much government control over economics.
What were the three ls of power in the 1500s?
land labor and loot
What board was created to settle labor disputes during the war?
National War Labor Board
What did the national War Labor Board do in World War 1?
It set wages and negotiated with labor unions.
What did the indentured servants receive for their labor?
nothing
What is the impact of changes in the marginal cost of labor on a company's overall production costs?
Changes in the marginal cost of labor can significantly impact a company's overall production costs. When the marginal cost of labor increases, it can lead to higher production costs for the company as they have to spend more on labor. Conversely, if the marginal cost of labor decreases, the company's production costs may decrease as well. This relationship between labor costs and production costs is crucial for companies to consider when making decisions about their workforce and production processes.
What is the journal entry to record materials issued into production?
debit WIP Credit labor, Raw materials
The entry to record direct labor costs into production in a job order cost accounting system is?
debit factory overhead, credit wages payable
How does demand of labor affect the level of production?
it affects because labor is the main factor of production so that is to say no labor no production at all
What was the Production Budget for Labor Day?
The Production Budget for Labor Day was $18,000,000.
What are the disadvantage of labour intensive production?
Labor-intensive production can lead to higher labor costs, especially in regions with rising wages. It often results in lower consistency and quality control compared to automated processes, as human error can impact output. Additionally, reliance on human labor can make production processes more vulnerable to disruptions, such as strikes or labor shortages. Lastly, it may limit scalability, as increasing production capacity often requires hiring and training more workers.
What is the differences between Fixed Direct labor with variable direct labor?
Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.
How can one determine the marginal product of labor in a production process?
To determine the marginal product of labor in a production process, you can calculate the change in output when one additional unit of labor is added. This can be done by dividing the change in output by the change in labor input. The marginal product of labor helps to understand how efficiently labor is contributing to the overall production.
What is labor intensive production?
it is yellow
What factor of production is a hammer?
Labor
Which one is NOT a Factor of Production?
Labor
What are the problems of commercial grain farming?
Not only does commercial grain farming impact the livelihood of smaller farms; but, production can be impacted by limited labor as well as equipment failure.
