Answer:
Estimated manufacturing overhead rate= $15 per direct labor hour
Explanation:
Giving the following information:
Overhead is allocated to each job based on the number of direct labor hours spent on that job.
The estimated overhead= $61,500.
Estimated direct labor hours= 4,100
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 61,500/4,100= $15 per direct tlabor hour
The correct answer for the question that is being presented above is this one: "FALSE." <span>Becoming an early adopter of technology and industry trends can increase your job security. This statement is false because it is not an assurance that job security will be increased.</span>
Answer:
The consumption of fixed capital
Explanation:
GDP is Gross Domestic Product : Gross value of all final (finished) goods produced within an economy during an year.
NDP is Net Domestic Product : Net value of all final (finished) goods produced within an economy during an year.
GDP is the the production valued at its gross original price i.e at price excluding depreciation cost .
NDP is production valued at its net price , after deducting depreciation cost from gross value.
Depreciation is also called Consumption of Fixed Capital.
GDP - Depreciation/Consumption of fixed capital = NDP
Answer:
I and III only
Explanation:
The full form of GDP is Gross domestic product. It is the sum of all the income at the time when the business taxes i.e. indirect and the foreign incomes would be adjusted also it is a sum total of market value of the goods and services i.e. final generated in an economy for a time period
Therefore the I and III statements are true
