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1 year ago

Other names for manufacturing overhead include: multiple select question.

Business

1 answer:

love history [14]1 year ago

8 0

Other names for manufacturing overhead include

c. factory overhead

d. factory burden

<h3>What is manufacturing overhead?</h3>

Manufacturing overhead can be described as all indirect costs that is been incurred during the production process.

It should be noted that the overhead is been applied to the units produced within the production, hence Other names for manufacturing overhead include factory overhead and factory burden.

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Kegler Bowling buys scorekeeping equipment with an invoice cost of $165,000. The electrical work required for the installation c

Elden [556K]

The scorekeeping equipment amounted to $198,865 recorded as a cost of equipment.

<h3>What is an Equipment?</h3>

The collection of items or physical resources needed to outfit a person or object, such as the tools utilized during a task or operation of sporting goods equipment, all of a corporate enterprise's fixed assets, except land and buildings.

The calculation for the Total recorded Cost

Invoice cost + Installation cost + Additional Cost + Delivey charges + cost of Repair

= 165,000 + 17,000 + 3,400 + 11,865 + 1,600= $198,865

The Total recorded cost is $198,865.

Thus, the total recorded cost consists of all the costs of equipment including the purchase price, applicable sales taxes, shipping charges, and any additional expenses for preparing the item for use.

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2 years ago

hen entry barriers into a market are low, firms will tend to earn zero economic profit in the long run because a. profit-seeking

tamaranim1 [39]

Answer:

The correct answer is B

Explanation:

Economic profit is the difference among the revenue received from the sale of the output and the cost of all inputs used and opportunity cost.

Zero economic profit, it is the situation where the firm is earning the same if its resources were employed in the next alternative which is best.

When the entry barriers in the market are low, then the firm will have the tendency of having a zero economic profit in the period of long run, as the profit which is short run will attract the extra suppliers which will result in down in the market price of the product.

3 0

3 years ago

Austin's total fixed cost is $4,200. austin employs 30 workers and pays each worker $160. the average product of labor is 2, and

3241004551 [841]

Answer:

$20

Explanation:

Given that,

Total fixed cost = $4,200

Number of workers employs = 30

Wages = $160 per worker

Average product of labor = 2

Marginal product of last labor hired = 8

Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.

Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:

= Wages per worker ÷ Marginal product of last labor hired

= $160 ÷ 8

= $20

5 0

3 years ago

Tinker's cost of goods sold in the year of sale (2019) was $750,000 and 2018 cost of goods sold was $770,000. The inventory at t

Harrizon [31]

Answer:

96.3 days

Explanation:

Inventory turnover is calculated as;

= ( Average inventory / cost of goods sold ) × 365

Where,

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($208,000 + $188,000) / 2

Average inventory = $198,000

Therefore,

Inventory turnover = ($198,000 / $750,000) × 365

Inventory turnover = 96.3 days

The average number of days for Tinker to sell it's inventory during 2019 is closest to 96.3 days

4 0

3 years ago

Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes or con

just olya [345]

An example of a leadership experience where I positively influenced others was when I inspired my friends to have better grades.

Leadership simply means the ability of an individual to be able to guide and motivate the members of an organization. A good leader brings out the best in others.

An example of a leadership experience where I positively influenced others was when I inspired my friends to have better grades.

My friends were having trouble with Mathematics. They always complained that it was tough. I told them that they should believe in themselves. I motivated them and they achieved higher grades.

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3 years ago