Answer:
Explanation:
Total cost of repairs:
Material = 3,500
Material loading charge = 3,500 * 65% = 2,275
Labor (45hrs* $47per hr) = 2,115
Thus, total cost =(3500 + 2275 + 2115) = $7,890
Answer:
to provide I
or produce mealie meal for the country and improve the country's production in food and farming.
Answer:
a) As long as the documents strictly comply with the letter of credit requirements, the bank will not have to reimburse the buyer
Explanation:
A letter of credit refers to the letter in which the bank is made a guarantee to pay the amount to a particular person by compiling the specific conditions during the exporting of goods
Since in the question, it is given that the seller has shipped the goods that are worthless i.e of no use for the buyer so in this case, the bank would not reimburse the buyer.
Therefore the correct option is A.
Answer:
The correct answer is D) "producers should not produce one more roast beef sandwich because MC > MB"
Explanation:
Marginal cost (MC) is the additional cost that you provoke when you add an extra unit of goods or services to your company.
Marginal benefit (MB) is the additional benefit that you receive when you add an extra unit of goods or services to your company.
When:
MC > MB (producers shouldn't produce an additional good or service)
MC < MB (Producers should produce an additional good or service)
Answer:
Fixed overhead application rate
= <u>Budgeted fixed overhead</u>
Budgeted direct labour hours
= <u>$114,000</u>
60,000 hrs
= $1.90 per direct labour hour
Amount of overhead applied to job X387: $
Variable overhead $4.90 x 170 hours = 833
Fixed overhead $1.90 x 170 hours = 323
1,156
Explanation:
In this case, there is need to calculate the fixed overhead application rate based on direct labour hours by dividing the the budgeted fixed overhead by budgeted direct labour hours. Then, we will calculate the overhead applied to Job X387 by multiplying the fixed and variable application rate by actual direct labour hours of 170 hours.
