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horsena [70]
3 years ago
12

During January, its first month of operations, Marigold Company accumulated the following manufacturing costs: raw materials $5,

100 on account, factory labor $7,500 of which $5,800 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,900.
Business
1 answer:
Fiesta28 [93]3 years ago
6 0

Explanation:

The journal entries are as follows

1. Raw material inventory $5,100

         To Account payable $5,100

(Being the raw material is purchased on account)

2. Factory labor $5,100

       To Factory wages payable $1,700

       To Payroll tax payable $2,900

(Being the factory overhead cost is recorded)

3. Manufacturing overhead $2,900

           To Utilities payable $2,900

(Being the overhead cost is recorded)

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What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

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Explanation:

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As the economic condition of the poor becomes better, these poor people inturn becomes customer for these business for other products thus being a huge source of profit.

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Answer:

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Explanation:

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