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never [62]
3 years ago
12

Which of the following best describes the goal of economic efficiency?

Business
2 answers:
NeTakaya3 years ago
7 0
<span>Making the most of resources best describes the goal of economic efficiency.</span>
postnew [5]3 years ago
6 0
B. making the most of resources 
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Accounting standard-setters use the following process in establishing accounting standards:__________. A. Discussion paper, rese
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Option D Research, discussion paper, exposure draft, standard.

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$532,500

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The question is to compute the Statement of Cost of Services Sold for Happy Home Helpers Inc.

To compute this statement, the approach is to sum all direct costs associated with the service provided by the firm.

Particulars                                                     Amount            Amount

Opening Inventory Of Materials                  $4,000

Add: The Purchase of Direct Materials       $<u>25,600</u>

Direct Material available                               $29,600

Subtract: Closing Inventory of materials    <u>   ($2600)</u>

The Direct Material Used for the year                                $27,000

Add:

Direct Labour Cost                                          $472,500

Variable Overhead Cost                                    $15,000

Fixed Overhead cost                                          $18,000

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The Cost of Services of HHH Inc                                          $532,500

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