Answer:
b. Manufacturing Overhead Control.
Explanation:
As we know that, indirect labor cost is a manufacturing overhead which deals with all types of indirect cost like - indirect material, indirect labor, Factory machinery depreciation, rent, and salaries expense to the manufacturing personnel, etc
These are the costs that are not directly connected to the product's production.
So, in the given case, the indirect labor cost is normally recorded to the debit side of the manufacturing overhead control account
Answer:
a) Seizing the farms from his political rivals, and giving them to his friends, even when they do not know about farming, will result in less economic growth, because the human capital employed in farming is now of less quality. If things turn sour, a famine could even result (there have been many examples of this kind of situation throughout history).
b) This kind of red-tape will result in less economic growth, because investments that could have been made during the current year, will be postponed at least one year due to the bureaucracy.
c) The government of Tempestia is improving the judiciary, granting it independence and credibility. This will result in more economic growth because now both citizens, and international investors have more confidence in the country, since they feel that their property rights will be enforced, giving them an incentive to invest and take risks.
d) This kind of protectionist policies will likely result in less economic growth because the lack of international trade makes things more expensive for consumers, keeping their incomes from growing, and also because protectionism leads to the misallocation of resources by keeping afloat inefficient economic sectors that under a free trade system would otherwise collapse to give way to more efficient sectors.
Answer:
A.Gross Margin $385,550
B. Contribution margin $566,500
Explanation:
a. Preparation of a gross margin income statement
Gross margin income statement
Sales 1,072,500
(5500*$ 195 per unit)
Less Variable expenses:
Direct Material 198,000
(5500*36)
Direct Labour 143,000
(5500*26)
Variable manufacturing overhead 121,000
(5500*22)
Fixed Manufacturing overhead 224,950
(5500*40.90)
(225,000/5500=40.90)
Gross Margin $385,550
Therefore Gross Margin will be $385,550
b. Preparation of a contribution margin income statement.
Contribution margin income statement
Sales 1,072,500
(5500*$ 195 per unit)
Less cost of goods sold:
Direct Material 198,000
(5500*36)
Direct Labour 143,000
(5500*26)
Variable manufacturing overhead 121,000
(5500*22)
Variable Marketing and administrative cost 44,000
(5500*8)
Contribution margin $566,500
Therefore Contribution margin will be $566,500
Answer:
10.52 years
Explanation:
We can work out the number of years using this relationship
V =P× (1+r)^n
V= tribe valeu = 3×3.5 = 10.5
r-growth rate -11%
n- number of years- ?
10.5 = 3.5× (1.11)^n
<em>dividing both sides by 1.11^n</em>
1.11^n = 10.5/3.5
<em>taking the log of both sides</em>
n log 1.11 = log 3
n = log 3/log 1.11
n =10.52
B. Reserve requirements are based on the ratio of how many deposits are put into the bank. More deposits = higher reserve requirements. Less deposits = less reserve requirements
