Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Answer:
a. True
Explanation:
The formula to compute the total direct labor budget for the budget time period is shown below;
Total direct labor budget = Total direct labor hours required × direct labor wage rate
Through multiplying the direct labor hours required with the direct labor wage rate we can get the total direct labor budget and the same is to be considered
Hence, the correct option is a. True
Answer:
$103,400
Explanation:
Does Manuel have any certainties that Nolan will purchase more than 30,000 units during the year? Apparently, according to historic sales, Nolan purchases at least 40,000 units per year, so Manuel should consider that Nolan will again purchase a similar amount this year and therefore, will be entitled to a rebate.
Another issue that must be considered is that 30,000 units / 4 quarters = 7,500 units per quarter, and Nolan clearly purchased more than that.
A rebate is not a discount, it happens when the seller offers a certain amount of goods to a buyer without cost because the buyer purchased more than an specific amount. It is basically an incentive or prize that Manuel gives Nolan for being a good client.
Manuel should recognize $110,000 x (1 - 6%) = $103,400 in revenues
