Answer:
$79,600
Explanation:
Calculation for what the total amount of direct manufacturing cost incurred will be :
Direct material $50,400
(8,000 x $6.30)
Add Direct labor $29,200
(8,000 x $3.65)
Total Direct cost $79,600
Therefore the total amount of direct manufacturing cost incurred is closest to: $76,600
From what I researched $109.99 not sure if that's sure tho
Answer:
The correct answer is: oligopoly.
Explanation:
A market structure where there are only a few firms is called an oligopoly market. These firms can be producing either identical products or differentiated products.
Because of few firms, there is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.
There is interdependence in the market such that the economic decisions of a firm affects the price, profits and output level of its rivals. So the firms have to consider the reaction of its rivals before making an economic decision.
Answer:
Date Account Titles and Explanation Debit Credit
Land $84,000
Common stock $12,000
Paid in capital in excess of par value $72,000
Workings:
Amount of Common stock = Number of shares * Paid in capital per share
= 6,000 shares * $2
= $12,000
Amount of excess of paid in capital = Market value of land - Amount of common stock
= $84,000 - $12,000
= $72,000
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