The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit.
<h3>What is service?</h3>
Services are referred as a type of product that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit. Any activity can have its net benefit increased by selecting the amount at which marginal utility equals marginal expense.
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Answer:
1. Allocate overhead costs to jobs: Credit Factory Overhead.
2. Pay factory utilities: Debit Factory Overhead.
3. Purchase indirect material: Debit Raw Materials Inventory.
4. Use indirect materials: Credit Raw Materials Inventory.
5. Direct labor used: Debit Work in Process Inventory.
Explanation:
1. When you allocate overhead costs to jobs: Credit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.
2. When you pay factory utilities: Debit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.
3. When you purchase indirect material: Debit raw materials inventory. The raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
4. When you use indirect materials: Credit raw materials inventory. Raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
5. For direct labor used: Debit work in process inventory.
Answer: $7,875 per year for each of the first two years.
Explanation: The method to calculate the amount of depreciation using the straight line method is to subtract the salvage price from the purchase price and then divide it by the numbers of years in its useful life.
($35,400 - 3,900)/4 = $31.500 / 4 = $7,875 per year
$7,875 is the amount of depreciation for each year of the four years of the truck’s useful life.
In the given space provided, the answer is security needs.
The safety or security needs revolve around of having to feel physically safe,
secure with financial or personal security or being healthy in an over all as a
well being in which Nadine has achieved one of them.
Answer:
$3,511
Explanation:
The given data:
Current year: operating at 98 percent with sales $28,400
Forecast of next year: sales = $35,000
the firm currently has fixed assets of $16,900 and total assets of $24,600
Current maximum capacity = $28,400 / .98 = $28,979.59
Required addition to fixed assets = [($16,900 / $28,979.59) × $35,000] – $16,900 = $3,511
