Based on the number of bikes produced and the costs incurred, the cost per bike would be<u> $85 per bike. </u>
First find the total cost of producing all the bikes.
<h3>Total cost of production </h3>
= Direct materials + Direct labor + Factory overhead
= 6,000 + 2,000 + 9,000
= $17,000
<h3>What is the cost per Bike?</h3>
= Total cost of production / Number of bikes
= 17,000 / 200
= 85 bikes
In conclusion, it was $85 per bike.
Find out more on cost per unit at brainly.com/question/23700866.
Answer:
Overhead incurred for may is $8,250
Explanation:
Factory overheads are costs that don not contribute directly to production.They are also know as indirect costs and include items such as insurance costs,administrative expenses, licensing, insurance, facility upkeep costs etc.
In B&T's case factory overhead items include:
a) Indirect labor - $6300
b) Property taxes on production facility - $810
C) Factory heat,lights and power - $970
d) Insurance of plant and equipment <u>- $170</u>
Total factory Overhead for May = Indirect labor + Property taxes on production facility +Factory heat,lights and power + Insurance of plant and equipment
Total factory Overhead for May = 6300 + 810 + 970 + 170 = $8250.
Because all people ( the public ) can fully enjoy this good/service without competing for it.
Answer: Discretion
Explanation: In simple words, discretion refers to the freedom that an individual get to make decisions that might affect him or her. In business sense, it refers to the freedom of performing the job without any monitoring or interfere from the seniors.
In the given case, the company did not interfere with the job of Herb and followed his instructions even though it sounded crazy at first.
Hence we can conclude that the leadership gave herb high degree of discretion.
