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scoray [572]
3 years ago
15

Thompson company is a consulting firm and applies indirect overhead costs based on billing hours. the firm expects to have $7,70

0 in indirect costs during the year and bill customers for 700 hours. the cost of direct labor is $60 per hour. thompson company completed a consulting job for joe lock and billed the customer for 20 hours. what was the total cost of the consulting job?
Business
1 answer:
maksim [4K]3 years ago
8 0

The total cost of the consulting job = (Indirect cost per hour + Direct cost per hour ) * Total hours

The total cost of the consulting job = ( $11 per hour + $60 per hour ) * 20 hours

= $ 71 * 20 = $ 1,420

Here , the Indirect cost per hour is $ 11 ( 7,700 / 700 )

Direct cost per hour is $ 60

And the total number of hours billed is 20

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What was the innovative way pears’ soap marketed its product?
Degger [83]

Brand name was the innovative way pears’ soap marketed its product.

Brand name is one of the brand elements by which customers are helped to identify and differentiate one product from another. It should be chosen very carefully.

It captures the key theme of a product in an efficient and economical manner. It can be noticed easily and its meaning can be stored and triggered in the memory instantly.

Choice of a brand name requires a lot of research. Brand names are not necessary to be associated with the product.

For example , brand names can be based on places such as Air India or British Airways, animals or birds name such as Dove soap, Puma, people name such as Louise Phillips, Allen Solly etc. In some instances, the company name is used for all products  for example, General Electric, LG.

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6 0
1 year ago
Company A has been experiencing lost sales and high returns recently, so they have decided to undertake a comprehensive quality
Ne4ueva [31]

Answer:

Explanation:

Incremental cost

Inspection cost prior to shipment - 45,000

Upgrading of equipment - 400,000

Incremental benefit - 25,000

The incremental cost of improving quality far outweigh the incremental benefit

Even though loss of profit was avoided by retaining existing customers , yet the quality improvement program dies not guarantee additional customers and profit to write off or reduce  the incremental cost .

Therefor , it is not advisable fort the company to go on with the quality program.

6 0
3 years ago
A customer opens a new margin account with the following position:
galben [10]

Answer:

$1,000

Explanation:

The above means that for every $1 increase in the market value in a long margin account, the SMA increases by $0.50

If the market value rises to $22,000, the account will show

Long market value - Debit = Equity % SMA

$22,000 - $10,000 = $12,000

Against $22,00 of market value, 50% can be borrowed or $11,000. Since the debit is $10,000, an additional $1,000 can be borrowed . This is the SMA

7 0
3 years ago
The primary purpose of ________ is to encourage the expenditure of funds on research and development to create new products.
Firdavs [7]

I guess the correct option is D.

The primary purpose of patents and copyrights is to encourage the expenditure of funds on research and development to create new products.

8 0
3 years ago
Suppose the demand function​ (D) for golf clubs​ is: Qequals150minus1.00​P, where P is the price paid by consumers in dollars pe
nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

(D): Q=150-1.00P\\(S): Q=1.00P\\

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75

The number of units sold at that price is:

n=1,000*(1.00*75)\\n=75,000\ units

8 0
2 years ago
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