When overhead is underapplied, a debit must be made to the Manufacturing overhead account to close it out. The direct labor costs that incurrence of direct labor costs should be recorded by debiting Work in process account.)
<h3>
What is direct labor costs?</h3>
- The wages or salaries paid to workers who actually generate goods are referred to as direct labor costs. In other words, these costs represent what employers pay to employees who produce the goods that businesses sell.
- Direct labor and direct labor costs have a slight distinction. The actual job that employees perform to create items is referred to as labor. The sum of money the employer pays the workers to do the work is referred to as labor costs.
- It is possible to track down and assign direct labor costs to certain products. A direct laborer would be someone who welds all of the bicycle frames that leave the Schwinn factory, for instance. The frames he helps build can be directly linked to his efforts. As a result, the bike frames can also be held responsible for the expenses related to his job, such as wages, salary, and benefits.
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Medical school, and internship and residency program
Answer:
The correct answer is letter "D": buyers and sellers having all relevant information.
Explanation:
Perfect Competition is a theoretical market structure in which competition is at the highest possible level. These five (5) elements contain a perfectly competitive market: <em>all firms sell the same product, all firms are price-takers, all firms have relatively small market shares, buyers have complete product and price information, </em>and <em>the industry is characterized by low or no barriers to entry and exit.</em>
Answer:
False
Explanation:
In an enterprise-class database system, business users can not interact directly with the DBMS, which directly accesses the database data
The amount of after-tax cash flows for Company C on its investment is $37,500.
<h3>What is an after-tax income?</h3>
After-tax income is the gains earned by the company in an accounting year that remain after adjusting its income taxes.
Given values:
Revenues: $10,000
Savings: $40,000
Total investment income: $50,000 ($10,000 + $40,000)
Rate of tax: 25%
Computation of after-tax cash flows of an investment project:
Therefore, $37,500 is the value of after-tax ash flows being earned from the investment in equipment.
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