You should be willing to pay the worker , Cost Accounting

You are the manager of a firm that sells output at a price of $40 per unit. You are interested in hiring a new worker who will increase your firm's output by 2,000 units per year. Several other firms also are interested in hiring this worker.

a. What is the most you should be willing to pay this worker to come to your firm?

b. What will determine whether or not you actually have to offer this much to the worker to induce him to join your firm?

Posted Date: 3/12/2013 8:19:05 AM | Location : United States







Related Discussions:- You should be willing to pay the worker , Assignment Help, Ask Question on You should be willing to pay the worker , Get Answer, Expert's Help, You should be willing to pay the worker Discussions

Write discussion on You should be willing to pay the worker
Your posts are moderated
Related Questions
from the following particulars calculate the earning of worker . rate per hours $0.50 standard time 200 hours time taken 140 hours

1. Why are marginal costs increasing? Why are they not always constant? You may give examples in some industries or just state two reasons at least.

Frame-it Ltd is a manufacturer of metal picture frames. The firm's two product lines are designate S (small frames: 12 x18 cm) and L (large frames: 20 x 25 cm). The primary raw mat

what is the classification of cost & how it is done?

Reconciliation of Profits Reconciliation of profits disclosed by Financial Accounts and Costing Accounts in an interlocking system, While interlocking cost accounting system

behabioural aspect of standard costing on budget


The number of workdays varies from month to month due to the number of weekdays, holidays, days of vacation, and sick leave taken in the month. The number of units produced in a

Purpose of Cost Accounting Information Cost accounting is employed for a number of reasons, some of that are briefly described in the given points as: a) Accounting for co

Group Bonus Plan There are specific operations or jobs that require to be done collectively via a group of workers, as an example of, continuous production work flows in asse