The total manufacturing costs for the Job No. 190 is 470,000. To get its direct labor cost, which is the basis of the Henson Company in applying its overhead at the rate of 120%, we need to divide the manufacturing overhead of $180,000 by the rate 120% to get the direct labor cost of 150,000. (180,000/210% = 150,000). To get the total manufacturing cost, you need to add the:direct materials- 140,000direct labor- 150,000manufacturing overhead- 180TOTAL= 470,000- this is the total manufacturing costs (Job No. 190)
Answer: Wages are flexible if the economy is self-regulating.
Explanation:
Classical economists believe that the economy is self-regulating. This means that if the economy is not at equilibrium, it will return to equilibrium if it is left without interference.
For this to happen, inputs such as wages have to flexible to enable them to adjust to market conditions and thus take the Economy back to equilibrium.
For instance, if there is a recession, wages will reduce so that the prices that the producers can charge will reduce as well which will enable supply to match demand and bring the economy back to equilibrium.
Answer:
$7073.68
Explanation:
Data provided in the question:
Worth of portfolio = $15,000
Amount invested in stock A = $6,000
Beta of stock A = 1.63
Beta of stock B = 0.95
Beta of portfolio = 1.10
Now,
Beta portfolio = ∑(Weight × Beta)
let the amount invested in Stock B be 'x'
thus,
1.10 = [($6,000 ÷ $15,000 ) × 1.63] + [( x ÷ $15,000 ) × 0.95 ]
or
1.10 = 0.652 + [( x ÷ $15,000 ) × 0.95 ]
or
0.448 = [( x ÷ $15,000 ) × 0.95 ]
or
x = ( 0.448 × $15,000 ) ÷ 0.95
or
x = $7073.68