Answer:
Budgeted direct labour hours
= 0.5 hour x 200 buckets
= 100 hours
Budgeted amount of direct labour
= 100 hours x $15
= $1,500
Explanation:
There is need to calculate direct labour hour, which is 0.5 hour multiplied by number of buckets budgeted. then, we will determine the budgeted amount of direct labour, which is budgeted direct labour hours multiplied by hourly rate.
Answer:
C) product life cycle
Explanation:
A product life cycle has 4 stages:
- introduction: a new product is introduced to the market usually with a marketing campaign
- growth: the demand and the sales of the new product start to rise
- maturity: the product is well known with a steady demand but new competitors enter the market
- decline: the sales start to decline and the product loses market share
Unibronx's inverter is a mature product.
Answer:
b. $358,500
Explanation:
Given;
Retained Earnings at December 31, 2018 = $300,000
In 2019,
Revenue = $600,000
Expenses = $525,000
Declared and paid dividends = $16,500
Retained earnings on the balance sheet as of December 31, 2019
= $300,000 + $600,000 - $525,000 - $16,500
= $358,500
The right option is b. $358,500
Answer:
Focus group
Explanation:
Focus group is a small group of people who are introduced in an open discussion for research purpose. In the given question there is a informal session with 6 - 10 customers in which their opinions are considered about a firms products. This is a small group session which is initiated to identify product features and how these customers use these products. This is focus group for research purpose.
Answer: A) Income Summary
Explanation:
The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.
The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.
