The rising interest rates make it harder to start concrete businesses (worse loans) so an impact would be online businesses gaining popularity.
Answer:
Explanation:
The journal entry that would include is shown below:
Work in Progress inventory A/c Dr $125,000
Factory overhead A/c Dr $24,000
(Being labor cost is recorded)
The computation is shown below:
Work in progress = Labor expenses + whole labor expenses
=$88,000 + $37,000
= $125,000
The labor expenses are directly related to the product which means it is a direct cost
And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product
And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account
Answer:
The optimal stocking level is 45 muffins.
Explanation:
First we have to calculate the Overage cost Co = Purchase price - Salvage value = $0.2 - 0 = $0.2
Then the Underage cost Cu = Selling price - Purchase price =$0.80 - $0.2 = $0.60
Service level = Cu / (Cu + Co) = $0.60/($0.60+$0.2) = $0.75
Hence, optimal stocking level = Minimum demand + Service level *(Maximum demand - Minimum demand)
optimal stocking level = 30 + 0.75*(50-30) = 45
The optimal stocking level is 45 muffins.
Optimal stocking level = 68.75 Muffins
Answer:
For more than 180 minutes of phone use.
Explanation:
Let m represent number of minutes of phone use in a month.
We have been given that in Plan A, there is no monthly fee, but the customer pays $0.06 per minute of use.
The cost of using m minutes in plan A would be 
.
We are also told that in Plan B, the customer pays a monthly fee of $4.80 and then an additional $0.03 per minute of use.
The cost of using m minutes in plan B would be 
.
To find the amounts of monthly phone when Plan A will cost more than Plan B, we will set cost of plane A greater than cost of plan B as:
Let us solve for m.
Therefore, Plan A will cost more than Plan B for more than 180 minutes of phone use.
