Answer:
Instructions are listed below
Explanation:
Giving the following information:
Estimates:
Direct labor-hours required to support estimated output 18,000.
Fixed overhead costs $ 198,000.
Variable overhead cost per direct labor-hour $ 1.00
A) overhead rate= (fixed + variable cost)/direct labor hour
Overhead rate= (198000 + 1*18000)/18000= 12
B) Direct materials $ 719
Direct labor cost $ 177
Direct labor-hours used 7
Manufacturing overhead= $1* 7= $7
Answer:
1. 1,000 bushels of wheat
2. d) A situation where one country does not engage in trade with other
Explanation:
1 & 2. Autarky refers to a situation where a country does not engage in trade with other countries but rather relies on its own production capacities to feed the consumption in the country.
Autarkies in the current world are not a thing because countries trade with each other. Even North Korea trades with Russia, China and others.
In an Autarky situation therefore, the United States would only be able to consume the wheat that it produces itself which according to the question is 1,000 bushels of wheat.
Net Income before Sale of Shares........................................................$1800000
Additional Income due to sale of shares.............................................$400000
Total Net Income........................................................................................$2200000
Income [email protected]%.........................................................................................($660000)
Net Income After Tax..................................................................................1540000
Total No of Shares.........................................................................................260000
Earning Per Share(Net Income After Tax/No of Shares)......................$5.92
Answer: Investment in human capital
Explanation:
The investment in human capital is one of the important element in the economical concept as it helps in developing the growth and productivity of an economy and also expanding the various types of skills, ideas and knowledge.
The human capital is one of the type of intangible asset in an organization that helps in analyzing the economic value on the basis of the employees skills and ability.
According to the given question, the investment in human capital is one of the long run growth in the economy. Therefore, Human investment capital is the correct answer.
Answer:
The operating income will be:
Total contribution($2.50 x 29,000) = 72,500
Less: Fixed cost = 31,200
Operating income = 41,300
Explanation:
The contribution per unit is $2.50. This per unit contribution will be multiplied by the number of units produced and sold in order to obtain total contribution. Operating income is the excess of total contribution over fixed cost.
