Answer:
Job Q's unit cost = $1,026.67
Explanation:
Job Q
actual machine hours used
molding 800:
allocated fixed overhead = (800/2,500) x $10,000 = $3,200
variable overhead = 800 x $1.40 = $1,120
sub-total = $4,320
fabrication 900:
allocated fixed overhead = (900/1,500) x $15,000 = $9,000
variable overhead = 900 x $2.20 = $1,980
sub-total = $$10,980
total overhead = $15,300
direct labor = $7,500
direct materials = $8,000
total costs for Job Q = $30,800
Job Q's unit cost = $30,800 / 30 units = $1,026.67
Answer:
Explanation:
The journal entries are shown below:
1. Petty cash A/c Dr $264.2
To Cash A/c $264.2
(Being petty cash fund established)
2. Freight - in expense A/c Dr $75
Supplies expense A/c Dr $40
Postage expense A/c Dr $48
Loan to employees A/c Dr $32
Miscellaneous expense A/c Dr $51
Cash over and short A/c Dr $2.9
To Cash A/c Dr $248.9 ($264.2 - $15.3)
(Being disbursement of cash recorded)
3. Petty Cash A/c Dr $115
To Cash A/c $115
(Being increase in petty cash recorded)
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Sales=$775000
Variable expenses= 523000
Contribution margin= 252000
Fixed expenses= 132000
Net income= $120000
Hard Rubber:
Sales=$65000
Variable expenses=58000
Contribution margin= 7000
Fixed expenses= 22000
Net income= -15000
New net income= 120,000 + 15,000 - 22,000= 113,000
Answer: A union contract is <u>an agreement between management and labor </u>that loosely states the rules they will each try to abide by in the workplace.
Explanation: The unions can <em>participate in the management</em> of the companies and in the promotion of collective work.
They can for example ,<em>improve the members conditions </em>and income by promoting social welfare , <em>active the participation in the development </em>of companies and <em>build trust </em>and transparency in the relations of the company or employer.
Some of the features could be :
- Formal.
- The fact that subsists by itself, without the need for another convention.
- It is governed by the norms and principles of collective labor law.
- It has administrative autonomy.
For each contract t<u>he union must make a regulation</u> in the specific case. They must make a procedure for the appointment of the <em>coordinator</em> , the <em>compensation</em> that each participating member will receive for the collaboration ,s<em>ocial security </em>of participating affiliates and <em>minimum union membership time</em> the participant must have to participate .
Answer:
These are the options for the question:
market-based
communist
command
laissez-faire
mixed
And this is the correct answer:
mixed
Explanation:
A mixed economy is an economy that either:
- Mixes state intervention with a free-market economy.
- Has some sectors of the economy run in market-based style, and other sectors in a planned-style.
- Has coexistence of public enterprises and private enterprises.
In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.
The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.