<span>false
In the United States, the cases most regularly connected with liability as it relates to product are carelessness, strict obligation, rupture of guarantee, and different buyer insurance claims. The lion's share of item risk laws are resolved at the state level and shift generally from state to state.</span>
Answer:
The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units is closest to $11.40
Explanation:
It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units
From Production of 10500 units to 10501 units, there is an increment of 1 unit.
<u>Lets find the incremental cost of 1 unit.</u>
1.To do this we only consider variable manufacturing costs only.
2.Since increase is within the relevant range, the fixed manufacturing overheads do not change.
3.Also Ignore all non- manufacturing overhead as they do not form part of manufacturing costs.
Extra 1 Unit
Direct materials $6.70
Direct labor $3.50
Variable manufacturing overhead $1.20
Total Cost $11.40
Answer:
The correct answer is (A) fish has a more delicate flavor
Explanation:
From the given information from the question which says that:
You would cut the mirepoix ingredients smaller when making a fish fumet than when making a beef stock because, the fish will have a more delicate flavor.
TH PRODUCT COSTING DIRECT COST CONNECTS OVERHEAD COSTS TO COST OBJECT.
Explanation:
Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.
Direct costs are costs which are directly accountable to a cost object (such as a particular project, facility, function or product). Some overhead costs which can be directly attributed to a project .
Answer:
$9,045.11.
Explanation:
The value of the investment, fv after 2 years can be determined as fallows :
PV = - $9000
Pmt = $0
r = 0.25%
n = 2 × 12 = 24
p/yr = 12
FV = ?
Using a financial calculator, the value of the investment, fv is $9,045.11.
