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4 years ago

1} When making decisions regarding the use of resources, options NOT chosen are known as which of the following?

Business

1 answer:

Trava [24]4 years ago

6 0

Answer: The answer is C opportunity cost of the option chosen

Explanation:

Human want are numerous while the resources to satisfy them are limited in supply. Because of the scarcity of resources this informed the use of scale of preference to rank our want in their order of preference. Then arise the concept of opportunity cost ,opportunity cost is the value of benefit sacrifice in favour of an alternative course of action in the sense that the acceptance of one option will automatically lead to the rejection of the second option. It is the cost of doing anything that could have been obtained if that particular decisions has not been taken. The return forgone from its use is the opportunity cost.

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In the workplace today, more emphasis is being put on mental health. But sometimes, employees don't want to be seen as being una

KonstantinChe [14]

Answer:

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Explanation:

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2 years ago

On January 1, a company issued and sold a $399,000, 9%, 10-year bond payable, and received proceeds of $394,000. Interest is pay

Lera25 [3.4K]

Answer:

Cash Interest payable on Bond = $399,000*4.5% = $17,955

Discount to be amortized = ($399,000-$394,000)/20 = $250

Interest expense = $17,955+$250 = $18,205

Date Journal Entry Debit Credit

Interest Expense $18,205

Discount on bonds payable $250

Cash $17,955

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3 years ago

Corn refiners buy shelled corn and convert it into a variety of products, including high-fructose corn syrup. the refiners then

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Refiners are in the secondary sector of the market because they are taking inputs and making them into products for consumption.

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4 years ago

Blackwelder factory produces two similar products-small lamps and desk lamps. the total plant overhead budget is $640,000 with 4

olasank [31]

Answer: b. $188,800 Blackwelder Company will allocates $188,800 to desk lamp production if the actual direct hours is 118,000.

We have the following:

Total Plant Overhead = $640,000

Total Estimated Direct labour hours = 400,000 hours

Actual labour hours for desk lamp = 118, 000 hours

$Overhead allocation rate = \frac{Total overhead}{Total estimated direct labor hours}$

$Overhead allocation rate = \frac{640,000}{400,000}$

$Overhead Allocation Rate = $1.6$

$Factory overhead allocated = Overhead allocation Rate * Actual labour hours [/tex] [tex] Factory overhead allocated = $188,800 (1.6 * 118,000)$

3 0

3 years ago

TB MC Qu. 06-49 Radakovich Corporation has provided the... Radakovich Corporation has provided the following data from its activ

Crank

Answer:

$8,460

Explanation:

The computation of product margin for product F60N is shown below:-

Total overhead cost = ($1,372,578 × 1,200 ÷ 61,800) + ($63,235 × 78 ÷ 2,010) + ($151,316 × 34 ÷ 2,090)

= $26,652 + $2,454 + $2,462

= $31,568

Per unit overhead cost = $31,568 ÷ 600

= $52.61

Per unit cost = Direct material + Direct labor + Overhead cost

= $49.55 + $12.44 + $52.61

= $114.60

Finally

product margin for product F60N is = (Selling price - Per unit Cost) × Number of units sold

= ($128.70 - $114.60) × 600

= $14.1 × 600

= $8,460

5 0

4 years ago