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3 years ago

The trading principle formulated by adam smith maintained that:

1 answer:

6 0

The correct answer is D. Absolute cost differences regulate the immediate basis for trade
Absolute gain is the ability of a country, separate, company or region to make a good or service at a lower cost per unit than the cost at which any other individual produces that same good or service.

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Asking your supervisor if your are doing something correctly is a way to request

Darina [25.2K]

A pay raise, a million dollars, and a partner.

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4 years ago

LO 6.5Under absorption costing, a unit of product includes which costs?

earnstyle [38]

Answer: direct material, direct labor, and fixed manufacturing overhead

Explanation: In calculating product cost in a manufacturing environment, there are two types of costing namely the variable costing method and absorption costing method.

Under absorption costing, a unit of product includes direct materials, direct labour, variable overheads and all fixed manufacturing overhead.

under this method, all variable cost as well as fixed cost are all included in the cost of a product.

Absorption costing is required by GAAP and so has to be using in preparing the financial accounts.

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4 years ago

1.1 John Lucy makes wooden boxes in which to ship motorcycles. John and his three employees invest a total of 40 hours per day m

Alex787 [66]

Answer:

3 boxes per day

Explanation:

Productivity refers to output per worker per period. Productivity can be measured per a group of workers or for the entire firm.

Productivity is expressed as follows=units produced/inputs used

for John and group: units produced =120 boxes

Inputs used 40 hours per day

Their productivity = 120/40 hrs

=3 boxes per day

3 0

3 years ago

The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for

Arturiano [62]

Answer:

b. $44,480

Explanation:

As Job 407 was left out the ending inventory would be of Job 407

Materials + Labor + Factory Overhead= $9000+ $ 5200 + $10,000 + 3,900*$5.20= $44,480

The costs For Job 405 and 406 would be calculated as follows

Material X Material Y

Job 405, $9,000.

Job 406 $5,000 $8,000

Total $ 14,000 $8,000

Direct Labor Hours Cost

Job 405 5,000 $24,500

Job 406 5,600 $16,000

Total 10,600 $40,000

Factory Overhead

Indirect Labor $5,700

Factory paychecks $38,700

factory overhead charges $21,400

Depreciation $7,400

Selling and administrative costs $4,100

7 0

3 years ago

If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the:

sdas [7]

Answer:

D. Lessor is not obligated to compensate the lessee for the excess.

Explanation:

A lease agreement is a contract that allows for the use of an asset but does not convey ownership rights of the asset. It is a contract that exist between a lessor and a lessee that allows the lessee rights to the use of a property owned or managed by the lessor for a period of time.

If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the: Lessor is not obligated to compensate the lessee for the excess. because the lessee is responsible for the condition of the property during the lease period.

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3 years ago