Answer:
B) overhead cost/cost of goods sold
Explanation:
Overhead costs: all expenses not directly attributed to the production of a good or service (e.g. insurance, legal fees, administrative expenses, etc.)
Costs of goods sold: all costs directly attributed to the production of a good or service (e.g. direct labor, direct materials)
Answer:
The correct option is D
Labour budget = $1,974,175
Explanation:
The labour budget is the product of the standard labour cost per unit and the budgeted production in units
Labour budget = standard labour cost× production budget in unit
The production budget can bed determined by adjusting the sales budget for closing and opening inventories.
Production budget = Sales budget +closing inventory - opening inventory
Production budget = 39,000 + 100 -200 = 38,900 units
Labour budget = $14.50× 3.5× 38,900 = $1,974,175
Labour budget = $1,974,175
Answer:
$686,000
Explanation:
net service revenue = gross revenue - discount for early payment
gross revenue = total sales price - trade discount
gross revenue = $800,000 - $100,000 = $700,000
net service revenue = $700,000 - 2%($700,000) = $700,000 - $14,000 = $686,000
