Answer:
Budgeted direct labor= $53,120
Explanation:
Giving the following information:
The company budgeted for 8,300 units
Direct labor= $6.40 per unit
To calculate the direct labor budget, we need to use the following formula:
Budgeted direct labor= total number of units*unitary cost
Budgeted direct labor= 8,300*6.4
Budgeted direct labor= $53,120
Answer:
$20,000
Explanation:
Since the question is asking for the pension expenditure for the general fund in year 1 which is $20,000 only.
This above amount reflects the contribution amount towards the pension plan in year 1. The other amount reflects the benefits, required contribution, refunded employee contributions which are of no use for recording the pension expenditure for the general fund.
The amount which is actually paid is only recognized.
Hence, all other information which is mentioned is not relevant.
Quora it........................
If the demand for milk is relatively inelastic, the discovery will lower both price and total revenues.
Option - b
<u>Explanation:
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Reducing prices to gain sales is a famous advertising tool. This type of situation arises mostly with every day products and services. If the quantity is increased, the demand will be inelastic this will lower both price and total revenue. Total revenue is reduced as price is reduced when demand is inelastic. When demand is inelastic, instead of reducing total revenue it could be hiked by raising price instead of reducing price.
Inelastic demand: In Economics, inelastic demand is even when the price of the product increases or decreases, the purchase rate of the product will be the same.
Explanation:
One of the most vital things to consider when you are starting a nonprofit is your mission. Writing a mission statement of one to two sentences can outline why it exists, what the organization does, who it serves and where it provides services all in one place