Answer:
Case explained below
Explanation:
Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, either through health, education and workplace conditions, whether through public or private channels.
Development economics must encompass the study of institutional, political, and social as well as economic mechanisms for modernizing an economy while eliminating absolute poverty and transforming states of mind as well as physical condition.
Option B
The standard quantity of materials allowed is computed as Unit Quantity Standard × Actual Output.
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Explanation:</u></h3>
A standard is a benchmark or "pattern" for ranking production. In managerial accounting, standards associated with the price and quantity of inputs utilized in producing goods or rendering services. The "standard quantity provided for the actual output" indicates the number of the input that should have been practiced to generate the actual output of the session.
It is measured by squaring the standard amount of input per unit of output by the actual output. To scale production, actual quantities accepted are related to standard quantities enabled.
Answer:
b. 21.54%.
Explanation:
The formula and the computation of the overhead application rate is shown below:
As we know that
Overhead application rate is
= (Applied factory overhead ÷ Direct labor cost)
where,
Applied factory overhead is $5,600
And, the direct labor cost is $26,000
Now putting these values to the above formula
So, the overhead application rate is
= ($5600 ÷ $26000)
= 21.54%
We simply divided the applied factory overhead which is indirect cost by the direct labor cost i.e direct cost so that the overhead application rate could come
Answer:
COGS= Revenue- Gross profit
Explanation:
exactly speaking, operating profit refers to the net profit and COGS=sales revenue - gross profit. so try to find the data of gross profit instead of operating profit (net profit)
If you don't have data of gross profit, you can attempt this equation:
gross profit = operating profit (net profit) + operating expense + (depreciation and amortization)
Is this a good location.Does it need repairs. Will I make profit back from this purchase.
