Answer:
C.
Explanation:
Being an editor for a local newspaper counts as an economic sense because that is the only part that takes part as a job and helps the economy.
Any material purchased will be recorded in the Raw material inventory account. The option for the first blank is raw and second blank is material.
<h3>
What is Inventory Account?</h3>
Inventory Account refers to the account which records all the transactions related to the stock. It records the purchased of the stocks, work in progress, closing stock, opening stock etc.
The complete question is attached below.
The raw material inventory account is where all materials that will be used to create the final product are first registered.
Learn more about raw material here:
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Ensure reliable accounting. It’s kinda obvious because it’s DUMB!
Answer:
$300,000
Explanation:
Data provided in the question:
Amount the painter would like to spend on a respirator = $30
Chances of paint fume killing the painter = 0.01%
Now,
The cash value he places on the life of painter
= [ Amount spent on respirator ] ÷ [ Probability of death ]
or
= 30 ÷ 0.01%
or
= 30 ÷ 0.0001
or
= $300,000
Answer:
Profit= $106,682.52
Explanation:
Giving the following information:
Unitary Variable costs:
Direct material= 3,200
Direct labor= $2,300 ($15 per hour)= 153.33 hours
Manufacturing overhead is applied at $18 per direct labor hour.
Units sold= 42
Selling price= $10,800
Profit= Total sales - total variable cost
Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52
