Answer:
<u>The actual direct labor hours are 45,000.</u>
<u>The overhead rate for Year 2 is $1.74.</u>
Explanation:
Compute the actual direct labor hours:
<u>Therefore, the actual direct labor hours are 45,000.</u>
Compute the overhead rate for Year 2:
<u>Therefore, the overhead rate for Year 2 is $1.74.</u>
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Working note:
Calculate the overhead rate for Year 1:
Answer:
$40 and $20
Explanation:
Based on the information provided within the question it can be said that in this scenario there would be two sets of standards. The first would be the international accounting standards which recognizes the midpoint of the range, which in this case is $40. While the second is the U.S standard which recognizes the low point of the range, which in this case is $20.
The transaction's surplus in terms of the economy $30
<h3>Which principle states that the next-best choice you must forego in order to have something is its true cost?</h3>
The idea of opportunity cost, which states that the opportunity lost as a result of a decision, determines the true cost of an economic decision, is closely tied to the principle of substitution.
<h3>What is a sunk cost, give an example, and explain why it doesn't matter when deciding what to do in the future?</h3>
Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment project. Spending $5 million to establish a plant that is expected to cost $10 million is an example of a sunk cost.
To Know more about sunk cost
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Answer:
C. A secondary market transaction.
Explanation:
In a secondary market, the investors buy and sell securities they own. It is typically known as the stock market although in the primary market stocks are sold too. But the difference is that the primary market is for companies and governments.
I hope this answer helps you.
