Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.
Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
Answer:
$11,700
Explanation:
The computation of the balance in the work in process at the end of the month is shown below:
= Direct material cost + direct labor cost + manufacturing overhead cost percentage of direct labor cost
= $1,800 + $3,300 + $3,300 × 200%
= $1,800 + $3,300 + $6,600
= $11,700
We simply added the direct material cost, direct labor cost and the manufacturing overhead cost so that the ending balance could arrive
The answer is False. Wages from an employer are not the only source of income.
1. Ordering 204 boxes will minimize the sum of annual ordering and carrying costs
2. Total cost will be $6118.82
3. Yes,annual ordering and carrying costs always equal at the EOQ.
<u>Explanation</u>:
D = 40 boxes per for 260 days
= 
boxes
S = $60
H = $30
1. 
= 203.96
Q = 204 boxes
2. 
TC= $6118.82
