Answer:
$4.00
Explanation:
Data provided:
Direct material costs in beginning Work-in-Process Inventory = $500
worth of materials is added during the month = $1,500
Equivalent units for direct materials = 500 units
Now,
the total cost incurred
= Direct material costs in beginning Work-in-Process Inventory + worth of materials is added during the month
= $500 + $1,500
= $2,000
Now,
The Cost per equivalent unit for direct materials
= 
The Cost per equivalent unit for direct materials = 
or
The Cost per equivalent unit for direct materials = $4.00
Answer:
$57,600
Explanation:
The computation of the depreciation expense under the Double-declining balance method is shown below:
First we have to find the depreciation rate which is shown below:
= 1 ÷ useful life
= 1 ÷ 5 years
= 20%
Now the rate is double So, 40%
In year 1, the original cost is $240,000, so the depreciation is $96,000 after applying the 40% depreciation rate
And, in year 2, the $144,000 × 40% = $57,600
The $144,000 is come from
= $240,000 - $96,000
= $144,000
Supply and demand affects the labor market just like any other market. If there is an extra supply of immigrant workers that come into the workforce and the demand for jobs stays the same then employees could have less job stability and employers would be willing pay less causing income to drop
Hope this helps cuz i rely ned brainliest
Answer: $2.81 per machine hour
Explanation:
Wages and salaries $ 423,000
Activity cost pools 10%
Allocated amount = 10% of $423000
= 0.1 × 423000
= $42,300
Depreciation = $112,000
Activity cost pools 10%
Allocated amount = 10% of 112,000
= 0.1 × 112000
= $11200
Occupancy 154,000
Activity cost pools 20%
Allocated amount = 20% of 154000
= 0.2 × 154000
= $30800
Total allocated amount = $42300 + $11200 + $30800 = $84300
The cost hour is the machine hour which is 30,000
Rate per machine hour = total allocated amount/machine hour
= 84300/30000
= $2.81 per machine hour
Answer:
limited resources to satisfy virtually unlimited wants.
Explanation:
The economic issue is basically that of determining whether to allow the most use of finite capital to meet limitless human needs.
Person has limitless wishes, which are seldom fulfilled, in economics studies involve how to offer greater pleasure with limited resources or how to allow effective use of limited resources.
