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2 years ago

Labor costs charged to manufacturing overhead represent ______ labor costs.

1 answer:

8 0

The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.

<h3>What are the types of overheads?</h3>

Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.

Business overheads may be divided into two categories:

administrative and
manufacturing.

Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost

Learn more about Cost overheads:

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Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco

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Answer:

Y = 300

government multiplier 2

output demanded increase by 20

If income tax is applied:

Y = 272.72

multipliers: 2.253775

increase 22.53775 billons

As disclosure it has a larget effect when the income tax is levied based on income rather than a flat rate.

Explanation:

DI = Y - 100

C = 30 + 0.6(Y - 100)

C = 30 - 60 + 0.6Y

C = 0.6Y - 30

Y = C + G + I

Y = (0.6Y -30) + 120 + 30

Y = 120 / 0.4 = 300

C = (0.6)300 - 30 = 150

With C we solve for the multiplier:

150/300 = 0.5

1 / (1 - 0.5) = 2

10 x 2 = 20

If variable that:

C = 30 + 0.6 (0.75Y)

C = 30 + 0.45Y

Y = 0.45Y + 120 + 30

Y = 150/.55 = 272,72

C = 30 + 0.45Y = 152,72

Propensitivity to consume:

152.72/272.72 = 0,5563

multiplier:

1 (1 - PMC) = 2.253775073

10 nillon will icnrease x 2.25377 = 22.54 billons

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3 years ago

Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as

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Answer:

d. Cash 27,000

Floyd, Capital 5,250

Merriam, Capital 1,750

Ramelow, Capital 20,000

Explanation:

First of all we need to calculate the total capital after admission

Total Capital after admission = $50,000 + $23,000 + $27,000 = $100,000

Share of Ramelow = Total Capital x Partnership share = $100,000 x 1/5 = $20,000

Actual Payment made by Ramelow = $27,000

Amount of goodwill paid by Ramelow = $27,000 - $20,000 = $7,000

This goodwill will be distributed between Floyd and Merriam as per their partnership ratio

Share of Goodwill ro Flyod = $7,000 x 3/4 = $5,250

Share of Goodwill ro Merriam = $7,000 x 1/4 = $1,750

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3 years ago

________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress through the entrepre

Fed [463]

Answer:

Reflection activities/tasks

Explanation:

Reflection activities are tasks that makes entrepreneurs look back over what or how they have learned as they progress through the entrepreneurial process. Reflection tasks often assess metacognitive skills, it helps entrepreneurs to arouse their thinking towards taking conscious actions that will improve their decisions.

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3 years ago

In the late 1960s and the early 1970s, the ___________ and the __________ attempted to resolve the dispute by agreeing to severa

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Answer:

In the late 1960s and the early 1970s, the _texas bar association_ and the _texas association of realtors_ attempted to resolve the dispute by agreeing to several earnest money contracts that would be acceptable for real estate practitioners to use in their daily business.

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3 years ago

In Macroland there is $10,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If ban

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Answer:

$50,000,000; $55,000,000

Explanation:

In Macroland there is $10,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 10%, deposits in Macroland equal <u>$50,000,000 </u> and the money supply equals <u>$55,000,000</u>

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3 years ago