Acquiring a government job based on political loyalty, without regard to ability, is called <span>political patronage.
Hope this helps you! :-)</span>
Answer:
Cost of the land = $980,480 (B)
Cost of Building = $ 3,014,240 (D)
Explanation:
Cost of the Land : $
Cost of factory site 900,000
Cost of dismantling the building 80,000
Proceeds from salvage sold (5,400)
Title Insurance Cost 2400
Legal fees for title investigation <u> 3,480 </u>
<u>980,480</u>
Cost of the Building :
Payment to Contractor 2,800,000
Architect's fee 31,200
Liability Insurance cost 2,600
Excavation cost 10,440
Interest cost <u>170,000 </u>
<u>3,014,240</u>
Answer:
The amount of cost of goods sold for the month is $127,321.60.
Explanation:
The Weighted Average Cost Method uses a Unit Cost calculated on the Average to value the Cost of Goods Sold and Ending Inventory.
Since the<em> Periodic Inventory System</em> is being used, the Unit Cost will be calculated on Goods Available for Sale.
Average Unit Cost = Total Cost of Goods Available for Sale ÷ Units Available for Sale.
Total Cost of Goods Available for Sale = 7,300 × $9.00 + 3,100 × $10.00 + 12,200 × $10.50 = $224,800
Units Available for Sale = 7,300 + 3,100 + 12,200 = 22,600
Therefore,
Average Unit Cost = $224,800 ÷ 22,600 = $9.947
Cost of Goods Sold = Units Sold × Units Available for Sale
= 12,800 × $9.947
= $127,321.60
Answer:
b. $75.
Explanation:
The computation of the time charge per hour is shown below;
But before that the total charge is
Labour Charge = $800,000
Overhead Cost = $480,000
Target Profit = $220,000
Total Charge = $1,500,000
Now
time charge per year is
= $1,500,000 ÷ 20,000 direct labor hours
= $75 per year
Hence, the company's time charge per hour is $75 per year
Therefore the correct option is b.