TH PRODUCT COSTING DIRECT COST CONNECTS OVERHEAD COSTS TO COST OBJECT.
Explanation:
Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.
Direct costs are costs which are directly accountable to a cost object (such as a particular project, facility, function or product). Some overhead costs which can be directly attributed to a project .
Answer:
B
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes
If demand is elastic and price is decreased, the quantity demanded would increase more than the change in price. As a result, revenue would increase
Answer:
true
Explanation:
its Tax Day so they are very busy
Answer:
A) Proceeds equal $9,300 ($10,000 x (100-7)%)
B) Effective Rate Charges will be 17% (7 x 365/150).
Explanation:
The proceeds is the discounted value on the note. This takes away the interest charged on it as given in the answer above.
The effective rate charges is the annualized rate. The note was discounted at 7% for 150 days. Effectively, the real rate per annum is normalized for 365 days.
Please note that the above answers apply because the question requires the use of ordinary interest and not compound interest as ordinarily applies in real life.
