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enot [183]
3 years ago
12

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e

ach employee hour worked. Direct materials are assigned to each job according to actual cost. If Job M-47 used $330 of direct materials and took 20 direct labor hours of labor to complete, what is the total cost that should be assigned to the job?
Business
1 answer:
lesya [120]3 years ago
3 0

Answer:

Total cost= $930

Explanation:

Giving the following information:

Copy Center pays an average wage of $12 per hour.

Overhead rate= $18 per direct labor hour

Job M-47:

used $330 of direct materials and took 20 direct labor hours of labor to complete.

Total cost= direct material + direct labor + allocated overhead

Total cost= 330 + 20*12 + 20*$18= $930

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Answer:

Demand for the patent-holder's product will decrease when the patent runs out.

Explanation:

While there is a patent over a product, only the patent-holder's can sell that product. If there is a monopoly it means that that company is the only one that produce and sell this product.

When the patent run out new competitors will enter the business, so the demand on patents holders will decrease.

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