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3 years ago

Factory overhead includes all manufacturing costs except direct materials and direct labor. true or false

Business

1 answer:

Scilla [17]3 years ago

7 0

Answer:

True

Explanation:

Factory overhead are all manufacturing cost that cannot be traced to a particular unit of production process. They are costs used for general productive activities, these cost includes, cost of fuel, factory rent, depreciation of equipment. They do not include direct materials and direct labour that are used for production of goods and services.

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6. When you find income elasticity of demand, you can determine whether the goods are normal or inferior based on whether your a

Rama09 [41]

Explanation:

Normal goods are the whose demand decreases with increase in price whereas in economics inferior goods are those whose demand decreases with increase in people's income.

Normal goods have a positive income elasticity of demand; as incomes rise, more goods are demanded at each price level.Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.

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3 years ago

Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another Rs.60, 000 borrows

Lelu [443]

Answer: 5% of RS 100,000

Explanation:

Opportunity cost is what an economic agent such as an individual, form or government forgoes when a choice is made from different available choices.

Here, since Inaya has used Rs100000 for her ice cream business, the opportunity cost will be the 5% interest that she could have made on the money used for the business

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3 years ago

The nominal rate of interest is comprised of: both the real rate of interest and compensation for inflation. compensation for in

Alexandra [31]

Answer:

The correct answer is both the compensation for inflation as well as the real rate of interest.

Explanation:

Nominal rate of interest is the one which is described as the rate of interest before taking or considering the inflation into the account. The nominal could also defined as to advertised or state the rate of interest on the loan, without considering the account of any fees or any interest which is compounding.

So, the nominal rate of interest is the one which involve or comprise of the compensation for inflation and the real interest rate of the interest.

8 0

3 years ago

Brooks Co. purchases debt investments as trading securities at a cost of $66,000 on December 27. This is its first and only purc

Thepotemich [5.8K]

Answer:

Dr. Cr.

December 31

*Securities FV adjustment $6,000

Unrealized Gain $6,000

January 3

Cash $4,000

Securities FV adjustment $1,000

Trading Securities $3,000

* Securities FV adjustment is a sub asset account of trading securities.

Explanation:

Trading security are reported on its fair market value at each period end. The gain or loss should be recorded.

Dec 27, Purchase price = $66,000

Dec 31, Fair value = $72,000

Unrealized gain = $72,000 - $66,000 = $6,000

3 0

4 years ago

The Chowning Company manufactures ear buds. The variable cost of each set of ear buds is $0.35. The company incurs monthly fixed

kiruha [24]

If Chowning makes 1,200 sets of ear buds in February, what is the total cost is $10,420.

<h3 /><h3>Total cost</h3>

Using this formula

Total cost = Variable cost + Fixed cost

Where:

Variable cost=(1200×$0.35)=$420

Fixed cost=$10,000

Let plug in the formula

Total cost = (1200×$0.35) +$10,000

Total cost=$420+$10,000

Total cost=$10,420

Inconclusion If Chowning makes 1,200 sets of ear buds in February, what is the total cost is $10,420.

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Learn more about total cost here:brainly.com/question/25109150

3 0

2 years ago