Cost Accounting2 questions :
Answer each of the following questions in two to four sentences.
1) An employee who manufactures goods for her employer earns $14 an hour for regular wages. She’s paid time and a half for all hours worked in excess of 40 hours per week. In a recent week she worked 48 hours.
a. How much of her gross pay that week was direct labor?
b. How much was indirect labor?
2) A company has $50,000 in fixed costs and sells one product with a selling price of $15 per unit. If variable costs are $5 per unit, what is this company’s break even sales in units?
Business Law 1 (4 questions )
1) Anne is under an employment agreement with Ellen. Jack is an old business acquaintance of Anne, and contacts Anne asking her if she would be interested in working for his company. Jack offers Anne three times her salary with Ellen, although Jack doesn’t know what Anne’s salary is with Ellen, or even that Anne is under contract with Ellen. Anne jumps at the deal and leaves Ellen. Has the tort of wrongful interference occurred? Why or why not ?
2) Nika enters an agreement with Tricia in which Nika agrees to lease electronic equipment from Tricia. Is there a body of statutory law that will govern the terms of this agreement, and if so, what’s the body of statutory law?
3) Ethan and Leigh Ann enters an agreement in which Ethan agrees to sell Leigh Ann exercise equipment. The terms of the agreement are delivery ex ship. Ethan places the exercise equipment on a ship to Europe, where Leigh Ann resides. While on the Atlantic, a storm destroys the exercise equipment. Who bears the risk of loss? Why?
4) XYZ Company is trying to persuade Allison to come and work for the company. One of the high level executives of ZYZ Company tells Allison that she will absolutely be in an executive position within two years, even though the executive knows that it will be at least five years before Allison is in an executive position. Based upon this promise, Allison leaves her job in Boston and moves to California to work at XYZ Company. When Allison realizes the executive lied, she tries to get her old job back, but her former employer had already hired someone else. What tort has XYZ Company committed through its executive? Discuss how the elements o this tort are met in this instance.
Attachments:
Cost Acct B….docx