Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or ba
tches of production, including all manufacturing costs other than direct material and direct labour costs, are called: A. Administrative expensesB. Nonmanufacturing costsC. Sunk costsD. Factory overheadE. Preproduction costs
Factory overheads are cost that cannot be traced to a specific unit. It is also called manufacturing overhead.
It relates to indirect materials and/or indirect cost. For example, water, electricity, cleaning. All these cost are not directly related to a specific unit, they are consumed by the whole business operations.
<span>Symbolic interactionists believe that the social value of the elderly in America decreased when the economy shifted being agricultural to industrial. This may be completely true - industrial era means more use of technology, and usually, the elderly aren't that keen on using new technology. This also means that they are less and less relevant when it comes to the social life in America which is always growing and developing.</span>
Pure monopoly refers to a market where there is a single producer selling a product with no close substitutes. Such type of market is very rare.
There is restriction on entry and exit of firms in the market. The firm operating in this market is a price maker and faces a downward-sloping demand curve.
No close substitutes, single seller and barriers to entry are essential conditions for a pure monopoly to exist.
Bonds are a form of long term debt and in the cashflow statement this goes to the Financing section. A retirement of bonds would reduce cash and this would come from the Financing activities.
Bonds Payable will also decrease because the bond that is being retired will reduce the number of bonds payable that the company has to pay off.
Finally the Net income will reduce as well to reflect the loss on bond retirement. The bonds were issued at a discount owing to interest rates being higher than the coupon rate in 2011 but on the day the bonds were retired they were selling at a premium with interest rates at 4%. The company paid more than they received and this loss will reduce the net income.
