Answer:
Total earnings= $581.52
Explanation:
Giving the following information:
Jane receives 16 cents for every unit produced. jane produces 3,512 pieces in a 43-hour workweek.
For overtime, Jane is paid a sum equal to one-half the regular hourly pay rate.
I will assume that Jane works evenly each hour.
<u>First, we will determine the number of units produced for an hour:</u>
<u />
Units for an hour= 3,512/43= 81.67 units
<u>Now, the total piece work and overtime:</u>
Piecework= 0.16*3,512= $561.92
Overtime= (81.67*3)*0.08= $19.6
Total earnings= $581.52
Answer:
Variable cost= $1,920,000
Explanation:
Giving the following information:
Sales= $3,000,000
Contribution margin ratio= 0.36
<u>The contribution margin ratio is the dollar remaining after deducting from sales of the variable component.</u> In 1 dollar, the contribution margin is $0.36.
<u>In this case:</u>
Variable cost= sales*(1-Contribution margin ratio)
Variable cost= 3,000,000*0.64
Variable cost= $1,920,000
If the world price is $1.00 per pound. Assuming the small-country model is applicable and no transportation costs, the United States will import copper.
<h3>What is import?</h3>
Import can be defined as the process of bringing in goods produce in another country into your own country so as to sale them in your own country.
Since the world price is $1.00 per pound and United states price is $1.20. If no transportation cost importing copper into United state will be the best choice as this will help to lower cost.
Therefore assuming the small-country model is applicable and no transportation costs, the United States will import copper.
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It is termed as Income Summary account.
<h3>Income summary account </h3>
The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period.
The income summary account is recorded by debiting revenue accounts and crediting expense accounts. The balances of the transferred amounts should match with the net income or loss for the year.
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Answer:
A
Explanation:
Here, we want to select which of the options best gives the needed result when we need to add Values of data between cell C2 and C8
The correct syntax to this is to go to that cell in which we want the result;
Then type =SUM(C2:C8)
Excel automatically sums up all the values we have between these two cells and return the addition of these values in the cell where we input the formula
