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3 years ago

Job 593 was recently completed. The following data have been recorded on its job cost sheet:

Business

1 answer:

elena55 [62]3 years ago

6 0

Answer:

JOB 593

Total cost of the job

Direct material 2,461

Direct labour (74 hrs @ $18) 1,332

Overhead applied (137 hrs x $19) 2,603

Total cost of the job 6,396

The correct answer is D

Explanation:

The total cost of the job is the aggregate of direct material cost, direct labour cost and overhead applied. Overhead applied is calculated as overhead application rate multiplied by actual machine hours.

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Which part of the Business Cycle would this graph represent?

Archy [21]

bust is the correct answer

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3 years ago

Dan owns an autographed copy of a brittany spears cd that he values at $100. if he sells the cd at the garage sale he's planning

Delvig [45]

The complete question is as follows:

Dan owns an autographed copy of a Brittany Spears CD that he values at $100. If he sells the CD at the garage sale he’s planning to hold in a few weeks, it will be sold to a buyer with a reservation price of $175. If he sells it on eBay, it will be sold to a buyer with a reservation price of $500. eBay will charge Dan $50 to auction the CD, which just covers eBay’s opportunity cost of running the auction. Relative to selling the CD at his garage sale, auctioning the CD on eBay will lead:

A. to no change in total economic surplus.

B. total economic surplus to increase by $500.

C. total economic surplus to increase by $275.

D. total economic surplus to increase by $100.

Answer: C - Total economic surplus to increase by $275.

In this question, we only need to consider producers' surplus since we're considering the various options for Dan to sell his CD.

We calculate Producer's Surplus as follows:

$Producer's surplus = Market Selling Price - Economic Cost.$

Economic costs not only refers to explicit costs like cost of the CD, but also includes opportunity costs. Since we need to calculate producer's surplus when Dan sells on Ebay, we need to consider the following costs:

Value of the CD = $100

Ebay's opportunity cost that Dan will have to bear = $50

$Profit Dan would've received in garage sale = $75 ($175 - $100)$

Among the three expenses listed above, the profit Dan would've got in the garage sale is considered the implicit cost or opportunity cost.

Substituting the values we have in the equation above, we get,

$Producer's Surplus = 500 - (100+50+75)$

$Producer's Surplus = 275$

8 0

4 years ago

ULab Inc., a biotechnology firm, lost one of its offices in a fire. The employees did not have a fire drill, and the 10-story bu

Ilya [14]

Answer: (B) Moral minimum

Explanation:

The moral minimum is one of the organizational degree which include the ethical behavior in the business and it basically focuses on the various types of impacts in business firms that helps in the decision process.

According to the given question, the moral minimum is one of important responsibility of the social theory that is neglecting the fire drill and also not installing the fire exist by the Ulab organization for their employees.

Therefore, Option (B) is correct answer.

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4 years ago

A new business owner is speaking with her marketing director about the possibility of creating a marketing plan for the business

Digiron [165]

Answer:

Businesses whether large or small are set up to make profits by satisfying customers' needs and a marketing plan helps achieve this goal.

Creating a marketing plan should therefore not depend on the size or age of the business.

Explanation:

Every business, whether large or small, has marketing goals and needs a marketing plan to help determine how it will use its available resources to best reach its customers.

With a marketing plan, a business can identify its target market and competitors, determine how it wants to position its products to compete, and set marketing goals that can be monitored and achieved.

Generally, a marketing plan helps a business reduce costs and increase sales, thereby increasing profits. This is a major goal of organizations, whether large or small.

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3 years ago

What is the new law the American government enacted for promoting small businesses in the country?

Lady bird [3.3K]

Answer:

The Small Businesses Act of 1953.

Explanation:

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.

The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).

Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.

Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.

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3 years ago