Answer:
(D) Frictionally unemployed
Explanation:
Frictional unemployment occurs when an individual who <u>leaves a job either voluntarily or by being fired,</u> is in search for another job.
Workers <u>who are also in transition, or in the process of moving from one job to another are frictionally unemployed.</u>
Answer:
c. interest expense of $107,361 and depreciation expense of $89,468.
Explanation:
The computation is shown below
The interest expense on lease is
= 8% of $1,342,016
= $ 107,361
ANd, the depreciation expense is
= (present value of lease payments at the closing of 10 years) - (salvage value) ÷ life of the asset
= ($1,342,016 - $0) ÷ 15 years
= $89,468
Hence, the option c is correct
Answer:
Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000
Explanation:
Given data:
estimated overhead = $2,40,000
Labor cost =$2,80,000
Direct labor cost = $3,00,000
= $ 0.80 per direct labor cost
=$ 2,24,000
Actual Overhead cost = $ 2,20,000
Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.
Answer:
Compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
Explanation:
If the tables are sold now, they would cost $305000. If an additional $315000 is spent to refinish the table, the table would the be sold for $605000, that means there would be an additional revenue of $300000 ($605000 - $305000). The company are already operating at a loss as a result of improperly finishing the table. In deciding whether to rework the tables or sell them, the company should compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
