Portsmouth company makes upholstered furniture. its only variable cost is direct materials. the demand for the company's products far exceeds its manufacturing capacity. the bottleneck (or constriant) in the production process is upholstery labor-hours. information concerning three of portsmouth's upholstered chairs appears below:

recliner sofa love seat
selling price per unit $ 1,400 $ 1,800 $ 1,500
variable cost per unit $ 800 $ 1,200 $ 1,000
upholstery labor-hours per unit 8 hours 10 hours 5 hours
required:

1. portsmouth is considering paying its upholstery laborers additional compensation to work overtime. assuming that this extra time would be used to produce sofas, up to how much of an overtime premium per hour should the company be willing to pay to keep the upholstery shop open after normal working hours?

answer the law of increasing costs;

answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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