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2 years ago

costs that can be easily traced to cost-objects in a cost-effective manner are called costs. multiple choice question.

Business

1 answer:

Elden [556K]2 years ago

7 0

Costs that cannot be efficiently and promptly attributed to cost-objects are considered indirect costs.

<h3>What exactly are indirect costs?</h3>

Indirect costs are business expenses that are crucial to the running of the organization as a whole and the accomplishment of its objectives even though they aren't directly connected to a given grant, contract, project function, or activity.

Indirect costs include expenses that are typically classified as overhead, like rent and utilities, as well as general and administrative costs, like officer salaries, accounting department costs, and personnel department costs.

Direct expenses are those that can be connected to a specific product, whereas indirect costs are those involved in maintaining and operating a business.

To learn more about indirect costs visit:

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Lauren Clark works for a pottery shop. She works 40-hour weeks (5 days) and gets paid $25 per hour. If she exceeds her normal 40

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Answer:

D. $950;425

Explanation:

Before solving the problem, it is convenient to define the concepts of direct labor and indirect labor. The former is the worker's productive labor, such as operation of machinery, manufacture of products or customer service. In the example, direct labor equals the 38 hours that Lauren Clark really worked, for which she was paid $ 950 (38 multiplied by the pay that is $25).

For its part, indirect labor is not related to the transformation of inputs into finished products, but is still recorded in the company's accounting. Lauren Clark, in addition to the 38 hours she actually worked, was paid an additional eight hours in which she did not perform any activity, because the shop was closed. So, these 8 hours can be considered as non-productive or indirect labor. In monetary terms, this equals $200 (8 multiplied by $25).

Moreover, Lauren Clark worked 1.5 additional hours for four days, which allowed her to exceed her 40 normal hours and thus be able to access a bonus. This incentive is not directly associated with goods transformation processes, so it also constitutes indirect labor. In monetary terms, this equals $225:

$$225 = (1.5*4)*37.5$

Here, the number of additional hours worked was multiplied by the number of days (1.5 * 4), and this product was multiplied by the salary, which in this case is 37.5, since for these additional hours you are paid a salary and a half.

Therefore, the total indirect labor is $425.

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3 years ago

Explain what is meant by market research.

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Answer:

Market research is an effective tool to assist your business planning. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to monitor market trends and keep an eye on what your competition is doing.

Explanation:

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3 years ago

Curtiss Construction Company, Inc. entered into a fixed-price contract with Axelrod Associates on July 1, 2015, to construct a f

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3 years ago

Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning

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None of the alternatives are correct.

Explanation:

When a builder enters into an agreement to construct a commercial building in the residential areas that violates the laws , as a result the government stops construction. If such a scenario occurs the workers will not be paid as the construction process has stopped, so no productivity will take place and thus the workers will have to face the scenario.

While signing a contract the contractor must have proper knowledge regarding the property. Otherwise the workers will not be able to earn their daily wage.

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3 years ago

In an economy, the total expenditures for a market basket of goods in year 1 (the base year) was $5,000 billion. In year 2, the

julia-pushkina [17]

Answer:

The correct answer is option (C).

Explanation:

According to the scenario, the given data are as follows:

Base year basket price = $5,000 billion

Year 2 basket price = $5,500 billion

So, we can calculate the consumer price index by using following formula:

Consumer price index = (Year 2 basket price ÷ Base year basket price ) × 100

By putting the value, we get

Consumer price index = ( $5,500 ÷ $5,000 ) × 100

= 1.1 × 100

= $110 billion

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3 years ago