Answer:
Total labor cost= $70,000
Explanation:
<u>The supervisor salary is a fixed labor cost, it is unlikely that would change with production.</u>
<u>First, we need to calculate the unitary variable direct labor hour:</u>
Unitary variable direct labor hour= 30,000 / 3,000
Unitary labor hour= $10
<u>Now, the flexible budget for 5,000 hours:</u>
Fixed cost= 20,000
Variable cost= 10*5,000= 50,000
Total labor cost= $70,000
A simple discount note results in i<span>nterest that are deducted in advance, this can just be simply called a discount. </span><span> It is usually being confused with markdown. </span><span>Discount is a deduction in the price of a product base on the purchase of the customer while markdown is a reduction of price based on inability to be sold. </span>
Answer:
$9.25
Explanation:
Hourly wage will be the number of hours worked divide by total earnings.
Gross pay = $370
hours worked 40 hours
per hour = $370/40
=$9.25
Answer:
Net Capital Spending = $72,000
Explanation:
Formula for Net capital Spending:
Net Capital Spending = Net Increase in Fixed Asset + Depreciation
Net Capital Spending = ( $243,600 - $234,100 ) + $62,500
Net Capital Spending = $9,500 + $62,500
Net Capital Spending = $72,000
Sale of asset is already accounted for in the ending net balance of fixed assets.
Answer:
D. Pure competition spreads resources between many different
firms.
Explanation:
Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include
- There are no dominant suppliers.
- There is ease of entry and exit into the market
- Suppliers/firms are price takers.
In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.
