1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inn [45]
3 years ago
7

In a construction contract, if the owner breaches before construction begins, the contractor can receive _____. If the owner bre

aches during construction, the contractor can recover _____ plus _____ incurred. If the owner breaches after construction is completed, the contractor can receive the _____ plus _____.
Business
1 answer:
r-ruslan [8.4K]3 years ago
8 0

Answer: The correct answers are:

- profits.

- profits.

- costs.

- contract price.

- interest.

Explanation: In a construction contract, if the owner breaches before construction begins, the contractor can receive <u>profits</u>. If the owner breaches during construction, the contractor can recover <u>profits</u> plus <u>costs</u> incurred. If the owner breaches after construction is completed, the contractor can receive the <u>contract price</u> plus <u>interest</u>.

You might be interested in
1. To gain profit and earn a living.​
liraira [26]

Answer:

what is your question though? I don't understand

8 0
3 years ago
Read 2 more answers
When a company shifts from a traditional cost system in which manufacturing overhead is applied based on direct labor-hours to a
Dimas [21]

Answer:

True

Explanation:

An activity based costing (ABC) system assigns resources to the different production activities, and then unit costs are determined by the proportion of the production activities that every unit requires.

This is a much more complex costing method than just assigning overhead costs based on direct labor hours or machine hours.

6 0
3 years ago
At the beginning of June, Bezco Toy Company budgeted 5,000 toy action figures to be manufactured in June at standard direct mate
Snowcat [4.5K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

<u>Standard quantity:</u>

Direct materials (pounds)= 50,000/4= 12,500 pounds

Direct materials (pounds)= 12,500/5,000= 2.5 pounds per unit

Direct labor (hours)= 36,000/18= 2,000 hours

Direct labor (hours)= 2,000/5,000= 0.4 hours

A<u>ctual quantity:</u>

Actual direct materials= (49,600/4)= 9,920 pounds

Actual direct labor= 34,020/18= 1,890 hours

Production= 4,850

T<u>o calculate the direct labor quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 2.5*4,850= 12,125

Direct material quantity variance= (12,125 - 9,920)*4

Direct material quantity variance= $8,820 favorable

<u>To calculate the direct labor time variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 0.4*4,850= 1,940

Direct labor time (efficiency) variance= (1,940 - 1,890)*18

Direct labor time (efficiency) variance= $900 favorable

8 0
3 years ago
Stella is 16 years old she earned 3000 this year at a local ice cream shop, and another 3,500 in cash babysitting her neighbor's
jeyben [28]

Answer:

No

Explanation:

Stella doesn't make over 12,000 dollars.

4 0
3 years ago
A company purchased $6,000 worth of supplies in August. On August 31, the balance in the Supplies account was $3,200. The adjust
Doss [256]

Answer:

The answer is C. Debit to Supplies for $2,800

Explanation:

Supplies of worth $6,000 was purchased in Aug.

And on Aug. 31, $3,200 balance was left.

That means $2,800($6,000 - $3,200) has been used.

The supplies expense account will he debited for $2,800.

Note that expense increases with debit and credit decreases expense.

Option B, D, E are wrong because the expense increases and not decreases.

3 0
3 years ago
Other questions:
  • Fixed expenses consist of $300,000 of common costs allocated to the three products based on relative sales, as well as direct fi
    12·2 answers
  • Based on the concept of service blueprinting, what is the "line of visibility?" select one:
    14·1 answer
  • Investments are different from savings accounts in that they:
    9·2 answers
  • Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one
    9·1 answer
  • Airline companies around the world are experiencing increased costs in part due to _________.\
    14·1 answer
  • At the beginning of Year 1, Trey Inc., purchased a machine with a total acquisition cost of $33,000. The machine has an estimate
    13·1 answer
  • XYZ, Inc., makes consumer products such as shampoo, conditioner, deodorant, and toothpaste. Recently, market research conducted
    5·1 answer
  • Suppose the price of salt increases by 25 percent​ and, as a​ result, the quantity of pepper demanded​ (holding the price of pep
    13·1 answer
  • You are meeting to discuss the proper categorization of marketing strategy costs in the monthly department budget performance re
    11·1 answer
  • What is price and explain factors that influencing price. Give at least 5 factors and explain them.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!