The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.
<h3>
What are the types of overheads?</h3>
Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.
Business overheads may be divided into two categories:
- administrative and
- manufacturing.
Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost
Learn more about Cost overheads:
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The common arguments that are in favor of Corporate Social Responsibility (CSR) are:
Public image of the company.
Moral Justification.
Public Support for business.
Long run survival of the organization and the public both.
Common arguments that go against CSR are:
Ambiguity in business policies.
Moral Responsibility.
Shareholders' rights
Explanation:
Against
The public should perceive the company as their savior and not their enemy. CSR helps a company stay in the good books of the public. If a cigarette manufacturing company opens a profit free farm or a recreational park for the public, it will ensure the maintenance of a positive image.
Morally, when a company takes something from the public e.g their clean air, or clean environment, then morally the company is bound to give something in return e.g a water filtration plant.
CSR can lead the public to support the company during times of need. A company during tough times might get several volunteers if it is known to have given much to the public.
Co-dependence is essential for the survival of both the organization and the public. Companies excel if the public likes them. If a company has been known to have only take and never give, then the balance is disturbed.
Against:
Not every company has the resources or interest to focus on one problem. Therefore, ambiguous policies of different organizations lead to partial working on one social issue or environmental issue. it leads the problem to be partially solved and not completely eliminated.
Company might morally owe the public in some domain but might not have the resources to fix that particular problem. It may leave the company in a moral debt. In order to compensate, a company may go beyond its capabilities which will not result in mutual benefit. Only one party will be happy.
CSR activities require resources. A company has several stakeholders and all might nit agree to spending/donating their profits for CSR activities. This may sound 'selfish' but public doesn't always know what the stakeholders are going through. CSR in such a case may deprive a stakeholder from a fraction of his share of profit.
Answer:
Yes
Explanation:
Making profit is a good thing because Profit equals a company's revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
Answer: Customer saves = $13.4
Explanation:
Here, we are charged $1.60 per minute
Therefore, charges incurred for usage till 60 minutes = 1.60 × 60 = $96.
This is the costs without any discount applied.
Case: If we are provided with discount
Then in this case we'll have to pay the $25 connection fee
Also we have paid 60% of the phone bill= 0.6 × 96 = 57.6.
Therefore, Total = $25 + $57.6 = $82.6
∴ We save = $96 - $82.6 = $13.4
Therefore, the correct option is (c)
Answer:
Debit cash for $100,000
Credit cash for $100,000
Explanation:
It should be noted that on September 1, the only transaction that occurred is the receipt of cash by Vicario, Inc. from First National Bank and no interest expenses has been accrued.
Based on this therefore, the journal entry for Vicario on September 1 will appear as follows:
<u>Date Name of Accounts DR ($) CR ($) </u>
Sept. 1 Cash 100,000
Notes payable 100,000
<u><em> (To record borrowing from First National Bank.) </em></u>
