The correct answer that corresponds to the given question is
letter b, when children tend to enter the same or the similar occupation as
their parents. It is because mercantilism is being defined as a belief in which
there is benefits to be obtained when undergoing a profitable trading.
Answer:
Results are below.
Explanation:
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Direct labor cost:
Predetermined manufacturing overhead rate= 900,000 / 500,000
Predetermined manufacturing overhead rate= $1.8 per direct labor dollar
Direct labor hours:
Predetermined manufacturing overhead rate= 900,000 / 50,000
Predetermined manufacturing overhead rate= $18 per direct labor hour
Machine-hour:
Predetermined manufacturing overhead rate= 900,000 / 100,000
Predetermined manufacturing overhead rate= $9 per machine hour
<span>Resource similarity and market commonality are factors that determine the extent to which firms will be in direct competition with each other. A market commonality refers to how many markets where a firm and a competitor are involved together. This will show the importance of the different markets and how they are related and important to one another. </span>
Answer:
Ending Inventory = $555
Cost of Goods Sold = $2,430
Explanation:
Date Units Unit Cost Closing Inventory
Opening Balance September 1 100 $3.00 $300.00
Purchases
September 8 450 $3.50 $1,575.00
September 18 300 $3.70 $1,110.00
Ending Inventory September 30 150 $3.70 $555.00
According to FIFO the the material first purchased will be sold first. So, the closing Inventory of 150 units will be valued at the rate of last purchase of 300 units @ $3.77/unit.
Cost of Goods Sold = $300 + $1575 + (( 300 - 150 ) x 3.70) = $2,430