Answer:
1. $6 per machine hour
2. $5 per unit
Explanation:
1.
Indirect cost are those cost which are not directly traceable to the product / department / project. Actual indirect cost rate is the actual incurred cost per unit of activity on which it actually based. Actual Indirect cost rate can be calculated as the Actual indirect cost divided by the Actual indirect expense. As shown below
Actual Indirect cost rate = $300,000 / 50,000 = $6 per machine hour
2.
Profit margin the the net of Selling price and all direct and indirect expenses. Direct cost is $3 per unit, which the indirect cost is $6 per machine hour, each unit consumes two machine hours.
Selling price $20
Less:
Direct cost $3
Indirect cost <u>$12</u>
(2x$6)
Total cost <u>($15)</u>
Profit Margin $5
Profit margin earned each unit is $5
Answer: Option (D). Cost of Good Sold
Explanation: Cost of goods sold is the carrying value of goods sold during a particular period of time. Furthermore, Cost of goods sold refers to the cost of acquiring or manufacturing the products that a company sells during a particular period of time and Costs of goods can include material, labor, and allocated overhead.
Cost of Goods Sold accounts would be closed at the end of the year using the perpetual inventory system.
Answer:
-0.5
Explanation:
Marginal rate of technical substitution (MRTS) refers to the rate at which the inputs are substituted for one another in a production of particular good.
Given that,
The marginal product of labor = 10
The marginal product of capital = 20
Hence,
= - 0.5
Therefore, the marginal rate of technical substitution is - 0.5.
On what moral basis is a permissive stance toward individual-willed choices and the acceptance of market transactions held to be morally justifiable as an individual's right to privacy and autonomy.
Market Transaction manner a transaction for one or extra products, entered into on a buying and selling Platform or suggested to the marketplace Operator beneath the market running policies.
An open market transaction, for instance, is one where an enterprise insider, that means someone near the operations of that entity, buys or sells stocks of inventory in the organization. other marketplace transactions might follow to promote fairness or debt inside the capital markets or complete a merger or acquisition.
Open marketplace transactions arise while “insiders” purchase or promote shares in their corporation. Insiders, a term frequently used to describe directors or senior officers, personal a big part of an employer's stocks and therefore have a keen hobby in buying or selling shares while lucrative opportunities rise up.
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