What are the four basic roles government play in free enterprise?

he following information is available for completed Job No. 402: Direct materials, $170000; direct labor, $230000; manufacturing

sveticcg [70]

Answer:

The correct answer is $112,000

Explanation:

First of all, let us lay out the information given:

Direct materials = $170,000

Direct Labor = $230,000

Manufacturing overhead = $160,000

Cost of production = Direct material + Direct Labor + Manufacturing overhead = 170,000 + 230,000 + 160,000 = $560,000

Number of units produced = 5000 units

Number of units sold = 4000 units

Number of units left on hand = 5000 - 4000 = 1000 units (units produced - units sold)

Next, we will calculate the cost of production of a single unit of finished product as follows:

5000 units = $560,000

∴ 1 unit = 560,000 ÷ 5000 = 112

Finally, since the number of unit on hand is 1,000 units, we will find the cost of unit on hand as follows

1 unit = $112

∴ 1000 unit = 112 × 1000 = $112,000

3 0

3 years ago

The basic work of managers in the hospitality industry calls for: a. Being able to perform each job in the organization and make

Tamiku [17]

Answer:

d. Making the guest welcome, making the operation run correctly, keeping control operating costs.

Explanation:

The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.

The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.

8 0

3 years ago

If 0.90 metric tons (mt) of crude oil cost $288, how much will 0.35 mt of crude oil cost?

Rashid [163]

0.35 metric tons (mt) of crude oil will cost $112 if 0.90 mt cost $288.

Crude oil and other hydrocarbons can be found in liquid or gaseous form in tar or oil sands, small cavities within sedimentary rocks, and underground pools or reservoirs.

<h3>What are crude oil and its uses?</h3>

Natural petroleum products like crude oil are made up of deposits of hydrocarbons and other organic elements. Crude oil, a sort of fossil fuel, is refined to create useful products like gasoline, diesel, and numerous other petrochemicals.

Given,

Crude oil = 0.9 (mt) cost is $288.

Required to Find Cost of Crude 0.35 (mt) =?

Find Cost of Crude (0.35 mt) = $288 multiply by 0.35 and divide by 0.9.

Find Cost of Crude (0.35 mt) = $288 x 0.35/0.9

Cost of Crude (0.35 mt) = $112

Thus, Crude oil will cost $112 for 0.35 metric tons (mt).

Learn more about Crude Oil here:

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6 0

2 years ago

Because of their sharp quality text output and fast printing speeds, ___ printers are often preferred by businesses.

RideAnS [48]

Answer:

Laser printer

Explanation:

Laser printers are quicker than inkjet printers (producing more pages per minute), generate higher-quality output (with some limitations), and are better suited for high-volume production. Laser printers produce significantly finer lines than inkjet printers, making them ideal for text, logos, and corporate information graphics.

5 0

3 years ago

A company has the following account balances: Sales revenue $2,000,000: Sales Returns and Allowances $250,000: Sales Discounts $

Naily [24]

Answer:

0.25 or 25%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts

= $2,000,000 - $250,000 - $50,000

= $1,700,000

And, the Cost of goods sold is $1,275,000

So, the gross profit is

= $1,700,000 - $1,275,000

= $425,000

So, the gross profit rate is

= $425,000 ÷ $1,700,000

= 0.25 or 25%

6 0

3 years ago