To know how much will be you collection worth when you retire
in the year 2064, we will use the formula of the future value or FV.
To find the FV of a lump sum, we use:
<span>
FV = PV(1 +r<span>)^t where,</span>
t = 2064 – 1952 = 112
r = 4.5 x 100 = 0.45
PV = $54
Solution:
t<span>FV = $54(1.045)^112 = $7471.68</span></span>
Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead costs total $6,710,000. its prime costs total:_Prime Cost = direct material cost + Direct Labor cost
= $ 4900000 + $ 8710000
= $ 13610000
A high price is the entire direct price of production, such as uncooked materials and exertions. indirect charges, along with utilities, supervisor salaries, and delivery costs, are not blanketed in top charges. corporations want to calculate the prime value of each product manufactured to ensure they are generating earnings.
Industry averages propose top charges need to be between fifty five% and 60%. Years in the past, that range might have been as high as sixty five%. however as the costs of a lease, coverage, and items have risen, it is grown to be extra vital to hold that percent quite tight within that variety.
Learn more about prime cost here:
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Answer:
d
Explanation:
Indirect costs are costs of production that cannot be directly linked to a unit, activity or product.
Indirect manufacturing costs are cost of production that cannot be directly linked to a good that is produced.
Examples of indirect manufacturing cost include :
- Indirect Materials
- utility
- machine maintenance
- Real estate taxes on the factory
- Depreciation
- Salary of production floor manager
Answer:
The answer is True
Explanation:
Inflation refers to the sustained or considerable rise in the general price level of goods and services over a period of time
Hope this helps!
