Answer:
Journal entries to record the expenses incurred are given below.
Debit Factory Overhead Control Account $ 1300
Credit Utilities bills account $ 700
Credit Accumlated factory depreciation $ 400
Credit property tax payable $ 200
Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.
Debit WiP process account $ 525
Credit Factory overhead applied account $ 525
(1.5 * 350 (machine hours))
Answer: c. a "fair use" exception to the provisions of the act.
Explanation: such digital sampling has been found by some federal courts to be a "fair use" exception to the provisions of the act. Fair use as a legal concept allows the reproduction or copying of copyrighted material without obtaining permission from the makers of such material and without paying fee or royalties. Purposes such as reviews, teaching, news reporting, etc. are all considered under the act.
In 2007, Petra spent <u>$2,340</u> on wages for her employees each week, and Petra increased her annual wage budget from 2008 by <u>$14,56</u>0.
<h3>
Calculation of wages</h3>
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Petra owns a coffee shop. She has ten employees. In 2007, she paid her employees minimum wage ($5.85 an hour). In 2008, the minimum wage increased to $6.55 an hour. In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___
We can now proceed as follows:
Weekly wage spent Petra in 2007 = 2007 minimum wage per hour * Number of employees * Number of hours per week = $5.85 * 10 * 40 = $2,340
Amount of increase in minimum wage per hour between 2008 and 2009 = $7.25 - 6.55 = $0.7/hour
Petra’s increase in annual budget for wages in 2009 = Amount of increase in minimum wage per hour between 2008 and 2009 * Number of employees * Number of hours per week * Number of weeks = $0.7 * 10 * 40 * 52 = $14,560
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Answer: It supports price differentiation
Explanation:
Cost-plus pricing works by adding a standard margin to the cost of producing or acquiring a good. The margin will be the gross profit per unit.
This does not support price differentiation because it would lead to the same price being charged to all customers for the goods regardless of who the customers are, whereas price differentiation calls for different types of customers to be charged different prices.
Instruction usually in manual or skilled trades to prepare a student for gainful employment is called <u>vocational</u> training.
Vocational training refers to instructional programs or courses that focus on the talents required for a selected process feature or exchange. In vocational training, education prepares college students for particular careers, disregarding traditional, unrelated instructional subjects.
Vocational training refers to training and talent-based totally training programs that prepare human beings for a particular task, trade, or craft. Trades and crafts talk over with jobs that can be manual in nature and are considered non-instructional.
Vocational training is training that prepares human beings to work as a technician or to take in employment in a professional craft or exchange as a tradesperson or artisan.
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