Answer:
The owner's equity amounts to $1,040,000
Explanation:
The formula to compute the owner's equity is as:
Owner's equity = Assets - Liabilities
Where
Assets = Land + Machinery + Cash
= $1,500,000 + $30,000 + $10,000
= $1,500,000 + $40,000
= $1,540,000
Liabilities = Loan
= $500,000
Putting the values above in the formula:
= $1,540,000 - $500,000
= $1,040,000
The factory overhead applied to the product is $5,400
Let understand that Factory Overhead means the <em>total cost</em> that is used in operating all the production segment (i.e depreciation of equipment, salary, wages, electricity) of a manufacturing company and its does not include the costs of direct labor & materials.
- <em>Factory Labor Incurred equals $8,000 (including $6,000 direct and $2,000 indirect</em>
<em>- Manufacturing Overhead is applied to the product based on 90% of direct labor dollars</em>
<em />
- Therefore, the Factory overhead applied will equals Direct factory labor incurred * 90% Overhead applied
<em />
<em>Factory overhead applied = $6,000 * 90%</em>
<em>Factory overhead applied = $5,400</em>
<em />
In conclusion, the factory overhead applied to the product is $5,400
See similar Factory overhead here
<em>brainly.com/question/14330080</em>
Elected governance officials and appointed governance officials
The Chester company is likely implementing a strategy called
the niche differentiation. This is the process in which helps a specific
organization or company to coexist by having to use their environment in a
different way in when they are to compete.
Answer:
A. $ 3,750,000
Explanation:
Given that
At lower price
A copy is $3
Copies sold = 1.25 million
Recall that
Total revenue = Price of good × quantity of goods sold.
That is, the total amount of money a seller obtains by selling goods or/and services to a buyer(s)
Thus
Total revenue at low cost
= 3 × 1.25 million
= 3.75 million
= $3,750,000
