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2 years ago

The costs of direct materials, direct labor, and overhead for partially completed products are known as:

1 answer:

8 0

The costs of direct materials, direct labor, and overhead for partially completed products are known as total manufacturing costs.

Direct material costs are the costs of raw materials and parts used to manufacture products. The materials must be clearly identifiable in the resulting product (otherwise they are considered community costs). Direct material costs are one of the few variable costs associated with the production process.

Therefore, it is used to derive the throughput from the production process. The throughput is the revenue minus all fully variable costs. Examples of direct materials include wood used to build houses, automobile steel, radio circuit boards, and fabrics used to assemble garments.

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As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for b

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Answer:

The demand curve and supply curve will shift leftwards.

Explanation:

The increase in the income of riders will decrease the number of bus rides because there is an inverse relationship between income and inferior goods. Therefore, the demand curve for bus rides will shift leftwards. Moreover, the increase in wages is an input cost, therefore, the rise in input cost will shift the supply curve leftwards.

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3 years ago

You purchased 1,000 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load o

Mazyrski [523]

Answer:

6.37%

Explanation:

Rate of return

= (Aggregate investment value after one year - Investment value) / investment value ----- equation 1

Cost of shares =number of shares* price per share

= 1000* $20 =$20,000

Total amount invested = Purchasing cost /(1- front-end load)

= $20,000 / (1-0.04)

=$20,000 / 0.96 = $20,833.333

Investment value after one year

= Total Investment*( 1+ price increase-expense ratio)

= $20,000( 1 +0.12 -0.012)

= $20,000(1.12-0.012) = $20,000 * 1.108 = $22,160

From equation 1 above

Rate of return = ($22,160 - $ 20,833.333) / $20,833.333

$ 1,326.667 / $ 20,833.333

= 0.06368001701

= 0.0637

Since rates of return are expressed as %, we multiply the result by 100 to get

0.0637*100 =6.37%

My rate of return on the fund will be 6.37% if I sell the shares at the end of the year.

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3 years ago

Shoshone County uses the consumption method to account for supplies. At the beginning of the year the City had no supplies on ha

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Answer:

Expenditures $300,000; Supplies inventory $150,000.

Explanation:

The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.

After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.

Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.

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3 years ago

Saturn Systems Inc., which is headquartered in the United States, has its production plant located in a less-developed country w

ivann1987 [24]

Answer:

a. unethical

Explanation:

This company's behavior is unethical. In the globalized world, it is natural for transnational firms to direct their production structure to countries where labor is cheaper, as this makes their product more competitive in the international market. However, these firms must not take advantage of regulatory failures in the labor market in these countries to increase their profit. Every firm must be concerned and ensure that the physical integrity and health of employees who work on its plants is preserved, regardless of location. Thus, in order to act ethically, this firm should implement process improvements to minimize the exposure of employees to chemical agents and to inhibit the exploitation of the labor that occurs when employees work in excess and without being paid for overtime.

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3 years ago

Which of the following changes in the loanable funds market will decrease the equilibrium real interest rate?

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Answer:

The answer is Option C

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Any event that would either decrease the demand for loanable funds or increase the supply of loanable funds will decrease the equilibrium interest rates. Supply of loanable funds is affect by the amount of national savings. National savings in turn, is the sum of private savings, public saving and net capital inflow.

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3 years ago