Are there any answer options? I know the answer if you have options
Answer:
$6,000,000
Explanation:
Change in risk = 0 in 1,000 to 1 in 1,000 = 0 to 0.001 = +0.001
Change in wage = $30,000 to $36,000 = +$6,000
Therefore:
wage/risk = 6,000/0.001
= $6 million or $6,000,0000
The value of a human life for workers with these characteristics should a cost-benefit analyst use is $6,000,000 because workers are willing to receive an extra $6,000 for a 1 in 1,000 increase in risk of death, implying a value of life of $6 million)Value of human life for workers with these characteristics = $6 million .
In order words the workers require $6,000 to accept a death risk of .001. The value of life implied by this is $6,000/.001 = $6,000,000.
Answer:
$15,730
Explanation:
<em>under absorption costing overheads are charged to product units using an overhead absorption rate. </em>
The overhead absorption rate is determined using the formula below:
<em>Overhead absorption rate is = Budgeted Overheads / budgeted Labour hours</em>
Factory overhead Absorption rate (OAR)= $118,800/10,800
= $11 per hour
Amount of 0verhead to charge Number number 117
= 11 × 1,430
= $15,730
