What happens in the labor market?

1. All of the following would be classified as manufacturing overhead except the: A) wages of supervisor of the machining shop.

jek_recluse [69]

Answer:

D) All of the above would be classified as manufacturing overhead.

Explanation:

Manufacturing overhead is the overhead incurred directly in relation to the manufacturing process.

It can be fixed as well as variable, there is no standard conclusion for the above on the basis of nature of overhead.

Machining shop is a part of manufacturing process, and all expense related to that will be classified as manufacturing overhead, whether the expense is in cash like supervisor salary, property taxes of building of machining shop, or non cash expense like depreciation.

Therefore, all the expenses will be included in manufacturing overhead.

8 0

3 years ago

Bell Inc. took a physical inventory at the end of the year and determined that $840,000 of goods were on hand. In Addition, the

Paul [167]

Answer:

Explanation:

r

8 0

3 years ago

Smoke, Inc. makes and sells buckets. Each bucket uses 1/2 pound of plastic. Budgeted production of buckets in units for the next

Natali5045456 [20]

Answer:

total budgeted direct materials = $24,750

Explanation:

production budget x materials needed:

April = 21,000 x 0.5 lbs = 10,500 pounds

May = 22,000 x 0.5 lbs = 11,000 pounds

June = 24,000 x 0.5 lbs = 12,000 pounds

beginning inventory = 11,000 x 25% = 2,750 lbs
production requirements = 11,000 lbs
ending inventory = 12,000 x 25% = 3,000 lbs

<u>direct materials budget May:</u>

budgeted production 22,000 units

materials per unit 0.5 lbs

materials needed for production 11,000 lbs

budgeted ending inventory 3,000 lbs

budgeted beginning inventory 2,750 lbs.

materials to be purchased 11,000 + 3,000 - 2,750 = 11,250 lbs

price per pound $2.20

total budgeted direct materials $24,750

7 0

4 years ago

Determine fixed cost, F; average variable cost, AVC; average cost, AC; marginal cost, MC; and average fixed-cost, AFC. The

Rom4ik [11]

Answer:

Fixed Cost Function = Average Cost - Average Variable cost

Explanation:

A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.

5 0

4 years ago

Inflation occurs when the money supply in a country increases faster than output increases. True or False

ANTONII [103]

Answer:

FALSE

Explanation:

8 0

3 years ago