Answer:
Supplier's quotation (2,400 x $6.25) 150,000
Less: Relevant cost of production:
Direct material (2,400 x $31) 74,400
Direct labour (2,400 x $18) 43,200
Variable overhead (2,400 x $9) <u>21,600</u> <u>139,200</u>
Savings <u> 10,800</u>
The parts should be produced in-house since the relevant cost of production is lower than supplier's quotation.
Explanation:
In this case, we need to compare supplier's quotation to the relevant cost of production. The price of $6.25 above was computed by dividing the total price charged by the supplier by the number of parts. Moreso, the relevant cost of production is obtained by the aggregate of direct material, direct labour and variable overhead.
Answer:
A trust created while a person is still alive is called a Living Trust. The Living Trust is created when one person, a Grantor, places property into the trust.
Explanation:
The answer would be, "<span>Longer response times, sometimes six to eight weeks".</span>
I think the deduct checks outstanding should be deducted from the bank balance and deposit outstanding should be added to the bank balance
