“Preference” is the answer.
<span>Jack and James disagreed about the shirt because of the differences in
their preference. People have their own inclination towards objects and this
could be a result of their personal taste or past experiences. In this case, it
could be that Jack liked the shirt’s fabric or color but James didn’t, that’s
why they disagreed.</span>
Answer:
Total cost= $1,375
Explanation:
Giving the following information:
The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.
Job 84:
Direct materials= $900
direct labor hours= 25
Direct labor cost= $350.
First, we need to calculate the manufacturing overhead rate based on direct labor hours:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour
Now, we can calculate the total cost:
Total cost= direct material + direct labor + allocated overhead
Total cost= 900 + 350 + 5*25= $1,375
Answer:
Production Possibility Frontier (PPF or PPC)
All points inside PPF are inefficient points. These points are attainable (e.g., point U), but they are not using the resources at the fullest.
Hi there
The journal entry would be
debit to telephone expense for $300
Credit to cash for $300
Good luck!
Answer:
Continuous manufacturing organisation
Explanation:
Continuous production uses a production plant to manufacture a product continuously. It is also called continuous flow.
This is so called because the materials inputted in the production process is in continuous motion as it moves through the production line.
The products tend to be similar or standardised with no distinguishing features. For example cement, fertiliser, and sugar
