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Evgen [1.6K]
3 years ago
9

9. How are industrial goods different from consumer goods? Explain.

Business
1 answer:
Keith_Richards [23]3 years ago
7 0

Answer:

Very glad I got to help you today!

Explanation:

Industrial goods are bought and used for industrial and business use. Consumer goods are ready for the consumption and satisfaction of human wants. While industrial goods are made up of machinery, plants, and raw materials, consumer goods are commodities purchased by a buyer like clothing, food, and drinks.

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Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product
Lorico [155]

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel  

40,000 *1hr = 40,000      

   

Direct labor hrs for Truck      

10,000 * 3hr= 30,000      

   

total direct labor hrs 40,000+30,000 = 70,000  hrs

Overhead rate is total est oh cost/ total direct labor hrs    

770,000/70,000= 11.00    

B) Car truck wheels 40,000*11 =440,000

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As a result of the seizing up of the capital markets in 2008, and the shutting down of the CMBS market specifically, life insura
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Answer:

The statement given is TRUE:

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6 0
3 years ago
Sheffield Corp. budgeted costs for 65000 linear feet of block are: Fixed manufacturing costs $24000 per month Variable manufactu
yulyashka [42]

Answer:

$984,000

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The computation of the budgeted total manufacturing cost is shown below:

Budgeted total manufacturing costs in March = Fixed cost + Variable cost

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In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $
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Answer:

The correct answer is $300,000.

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First we calculate the difference in depreciation,

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As, Depreciation is for 3 years,

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= $300,000

5 0
3 years ago
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