Farmer Brown will have to charge enough to make sure he is receiving the most money for his product. He needs to make sure what he charges is more than what it costs to make his item and then profit what he would like. Maximizing profit refers to producing the quantity of output where marginal revenue is equal to marginal cost.
In law, a restrictive covenant is the arrangement that generally restricts use of land in order to preserve the value of adjacent land or a neighborhood.
<h3>What is a
restrictive covenant?</h3>
In an agreement, a restrictive covenant is a kind of condition that confers a restriction, limits or prohibition on the actions of someone named in an enforceable agreement.
In conclusion, these covenant in law is such arrangement that restricts a use of land in order to preserve the value of adjacent land or a neighborhood.
Read more about restrictive covenant
<em>brainly.com/question/6336090</em>
Answer: 2.5 years
Explanation:
The payback period of a project as the term implies, is the amount of time it takes for a project's cashflows to pay off its original outlay.
The formula is;
= Year before payback + Amount remaining/ Cashflow in year of Payback
Year 1 + 2 = 150 + 200 = $350
Amount remaining = 500 - 350 = $150
Payback period = 2 + 150/300
= 2.5 years
Answer:
C. $ 13.31 per machine hour.
Explanation:
Standard variable manufacturing overhead allocation rate is calculated by dividing the Budgeted overhead by the Budgeted level of activity on which the overhead is allocated. It is a rate at which the overhead is allocated to a product / project/ department.
First we need to calculate the standard variable manufacturing overhead allocation rate using machine hours.
Standard variable manufacturing overhead allocation rate = Budgeted overheads / budgeted Machine hours
Standard variable manufacturing overhead allocation rate = $5,325 / 400 machine hours
Standard variable manufacturing overhead allocation rate = $13.3125 per machine hour
Standard variable manufacturing overhead allocation rate = $13.31 per machine hour