When tax revenue exceed the government's outlays, the budget?

Joey sells a clock from his store through an online auction website. He has never met the buyer, Rod, and had no communication w

FromTheMoon [43]

Answer: merchantability

Explanation: In simple word, merchantibility refers to the characteristics of a product or service that makes it reasonably useful for the customer. It implies the features that a commodity has that is expected for a customer and for which such product has been manufactured and sold.

Any commodity that is merchantable possess some implied warranty due to the warranties offered for similar products in the market. Implied warranties refers to the terms of law that are presumed to be made by the seller to the producer while dealing.

In the given case, the warranties would not be disclaimed as only the medium of transaction is unusual, the commodity is same.

5 0

3 years ago

The total factory overhead for Bardot Marine Company is budgeted for the year at $1,760,850, divided into four activities: fabri

nasty-shy [4]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Activity - Speedboat - Bass boat:

Fabrication= 9,750 + 29,250= 39,000 direct labor hours

Assembly= 29,250 + 9,750= 39,000 direct labor hours

Setup= 70 + 515= 585 setups

Inspection= 122 + 853= 975 inspections

Department costs:

Fabrication= 858,000

Assembly= 351,000

Setup= 298,350

Inspection= 253,500

Each product is budgeted for 5,000 units of production for the year.

First, we need to calculate the predetermined overhead rate for each activity:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Fabrication= 858,000/39,000= $22 per direct labor hour

Assembly= 351,000/39,000= $9 per direct labor hour

Setup= 298,350/585= $510 per setup

Inspection= 253,500/975= $260 per inspection

Now, we can allocate overhead to each product line:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Speedboats= 22*9,750 + 9*29,250 + 70*510 + 122*260= $545,170

Bass boat= 22*29,250 + 9*9,750 + 515*510 + 853*260= $1,215,680

Finally, overhead per unit:

Speedboats= 545,170/5,000= $109.034

Bass boat= 1,215,680/5,000= $243.136

4 0

3 years ago

How does the elasticity of demand affect the price for a given product?

icang [17]

This term shows how responsive the quantity of demand for a product will be when you change the price. People will not always purchase your product if the price is too high.

3 0

4 years ago

The average national utility price is $270. 48. Over a 6-month period, what is the average utility price in Dallas? How does thi

makvit [3.9K]

Answer:

Im pretty sure its b

Explanation:

5 0

2 years ago

1.1 John Lucy makes wooden boxes in which to ship motorcycles. John and his three employees invest a total of 40 hours per day m

Alex787 [66]

Answer:

3 boxes per day

Explanation:

Productivity refers to output per worker per period. Productivity can be measured per a group of workers or for the entire firm.

Productivity is expressed as follows=units produced/inputs used

for John and group: units produced =120 boxes

Inputs used 40 hours per day

Their productivity = 120/40 hrs

=3 boxes per day

3 0

3 years ago

When tax revenue exceed the​ government's outlays, the budget?

When tax revenue exceed the government's outlays, the budget?