The inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months.
<h3>What is an inference?</h3>
An inference is the conclusion that can be deduced based on an information.
In this case, the inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months. This is the period when you can sign for health insurance.
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Answer:
B. when you successfully fill a market need, you can make money.
C. The Internet is a way to distribute just about anything.
Answer:
Note: The full question is attached as picture below
Overhead Cost of one Month = Total Overhead Cost / 12 Month
Overhead Cost of one Month = $403,200 / 12 month
Overhead Cost of one Month = $33,600
So, Overhead Chargeable Per Month is $33,600
PARTICULARS AMOUNT
Direct Materials $26,000
Direct Labor $21,000
Manufacturing overhead Applied <u>$33,600</u>
Total Manufacturing Expenses $80,600
Less: Job Work in Process
Direct Materials $3,000
Direct Labor $1,500
Cost of Goods Sold before proration $76,100
of over or under allocated overhead
Answer:
no restrictions on trade
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation." where he asserted that countries can become better off by specializing in what they do or produce best and eliminate trade barriers (restrictions).
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
Hence, according to the theory of comparative advantage, consumers in all nations can consume more if there are no restrictions on trade.
Answer:
The answer are:
- $62.50 per direct labor hour - for preparation department
- $33.33 per direct labor hour - for processing department
Explanation:
To calculate the departmental overhead cost per direct labor hour we must divide the total overhead cost over the total amount of direct labor hours.
Preparation department: $25,000 / 400 DLH = $62.50 per DLH
Processing department: $20,000 / 600 DLH = $33.33 per DLH
