The correct answer is market price.
Market price is the price that you normally pay when you want to buy something. This price is usually higher than what the store that is selling it got it from the manufacturer, because it is buying the product in bulks. You as a consumer will have to pay this price when all discounts, allowances, and rebates are subtracted.
Answer:
Fixed overhead volume variance
= (Standard hours - Budgeted hours) x Standard fixed overhead rate
= (11,000 - 10,000) x $1.35
= $1,350(F)
The correct answer is A
Standard fixed overhead rate
= <u>Budgeted overhead</u>
Budgeted direct labour hours
= <u>$13,500</u>
10,000 hours
= $1.35 per direct labour hour
Explanation:
Fixed overhead volume variance is the difference between standard hours and budgeted hours multiplied by standard fixed overhead application rate. Standard fixed overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours.
Answer:
C. The reduction in funding for research to cure other diseases.
E. whether the last dollar devoted to research on heart disease results in more benefit than the last dollar spent on research for curing other diseases.
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
In this question, the opportunity cost is the The reduction in funding for research to cure other diseases.
Rational decision makers should only choose an option when the marginal benefits exceeds the marginal cost .
I hope my answer helps you
Answer: Debit: Interest expense $9900
Debit: Premium on bonds payable $540
Credit: Cash $10440
Explanation:
First and foremost, the cash payment will be calculated as:
= $174,000 × 12% × 6/12
= $174,000 × 0.12 × 0.5
= $10440
Interest expenses will be calculated as:
= $180000 × 11% × 6/12
= $180000 × 0.11 × 0.5
= $9900
Therefore, the journal entry to record the first interest payment would be:
Debit: Interest expense $9900
Debit: Premium on bonds payable $540
Credit: Cash $10440
Answer:
medium of exchange. since it is being offered in exchange for the car
