Answer: 21.32 per hour
Explanation:
Guitars produced each month = 100
considered good enough to sell = 82%
Remaining are scrapped = 18 %
Selling price of each guitar = $260
Each guitar requires = 10 labor hours
Each employee works an average = 160 hours per month
Labor is paid = $11 per hour
materials cost = $40 per guitar
overhead = $4,200
Therefore,
Number of guitars are good enough to sell = 82% of 100
                                                                    = 82 guitars
Value of output = Number of guitars sell × Selling price of each guitar
                         = 82 × $260
                         = $21,320
Input in labor hours = Guitars produced each month × Labor hour employed in each guitar
                                = 100 × 10
                                = 1,000 hours
Labor productivity =
                                 =  
                                 = 21.32 per hour
 
        
             
        
        
        
Answer:
The correct answer is: monopolistic competition.
Explanation:
There is monopolistic competition in markets that have many companies offering similar products or services. Restaurants, grocery stores, and clothing stores, for example. Such similar products and services are not ideal substitutes for each other. In these industries the barrier to entry and exit is low.
 
        
             
        
        
        
Answer:
Option c is correct
$245,680
Explanation:
The total manufacturing cost = $737,040.
Units produced = 22,200
Cost per unit before adjustment for absorbed overhead= 
=$737,040./22,200 units
=$33.2 per unit
Cost of goods sold before adjustment for overheads
= (cost per unit × units sold)
= $33.2 × 7,400 
= $245,680
 
        
                    
             
        
        
        
Answer:
 1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Summer Corporation estimates its uncollectible-account expense using a rate of 3% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
14100
Summer Corporation has $ of uncollectible-account expense using the percent-of-sales method.  
3100
Calculate the amount of its Uncollectible-Account Expense. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
15000
The ending balance of the Allowance for Uncollectible Accounts is $ under this scenario.
Dont have enough information.
Explanation:
Account receivable	88000
Allowance for uncollectible	-11000
  
Service revenue	470000
  
Estimate uncollectible	3%
Ending balance of the allowance	14100  
Expense	3100
  
Allowance for Uncollectible	26000
Uncollectible expense account	15000