<span>Of the over-27 million businesses, only 18,500 employ over 500 employees. 18,500/27.3mil = 0.0678%, so subtracting that from 100% leaves 99.9322% of all companies having a workforce under 500 employees. These are the "small businesses."</span>
Answer:
Estimated manufacturing overhead rate= $32 per labor hour
Explanation:
Giving the following information:
The estimated factory overhead costs $ 2,496,000. Estimated labor hours 78,000.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 2496000/78000= $32 per labor hour
Answer:
c) Inventory (beginning) and Purchases.
Explanation:
When you use perpetual inventory system, you must record cost of goods sold every time you make a sale. But when you use a periodic inventory system, you close cost of goods sold with merchandise inventory account at the end of the period.
beginning inventory + purchases - ending inventory = cost of goods sold
Answer:
The correct answer is option C.
Explanation:
The production possibility curve shows the maximum possible bundle of two goods that can be produced using all the available resources and state of technology.
Since the resources are scarce, when we produce more of one good, we need to sacrifice more and more of the other good.
If all the resources in the economy are fully employed then it is not possible to increase the production of one good without decreasing the production of the other.
The economy can thus produce either on the production possibility curve or below it but not above it.
