Answer and Explanation:
The computation is shown below:
But before that first determine the predetermined overhead cost which is
= Estimated total manufacturing cost ÷ estimated labor hours
= $359,640 ÷ $9,990
= $36 per hour
Now the total cost is
= Direct material + direct labor + manufacturing overhead
= $25,500 + 1,700 × $10 + $1,700 × $36
= $25,500 + $17,000 + $61,200
= $103,700
Now the bid price is
= Job cost - markup profit
= $103,700 - $103,700 × 31%
= $103,700 - $32,147
= $135,847
Answer:
C) Exchange permits trading partners to expand their total output of goods and services as the result of greater specialization in areas where each has a comparative advantage.
Explanation:
When an economy specializes in the production of a good, it will generally do so on the products that it can produce at a lower opportunity cost. Advantages in trade result from comparative advantages, not absolute advantages. This way the economy can exchange "cheap" products (cheap for them to produce) for more expensive ones, thus resulting in gain.
Answer:
The most sweeping federal law that restricts the employment and abuse of child workers is the Fair Labor Standards Act (FLSA). Child labor provisions under FLSA are designed to protect the educational opportunities of youth and prohibit their employment in jobs that are detrimental to their health and safety. Explanation:
Daddy google.
The answer that will fill in the blank is laboratories. It is because with their capability and power, they could operate laboratories in which will contribute in their projects and new ideas that they make or try to create that will benefit them and for the people. The laboratories is necessary for them in making these new ideas for it is efficient and orderly in doing them.
I think the answer is a but I am not for sure