Answer:
Entry is given below
Explanation:
Entry for factory labor cost
DATE ACCOUNT DEBIT CREDIT
DEC 31 Work in Progress(w) $97,780
Factory overhead $6,340
Wages payable $104,120
Working
Work in progress = 3,860+4,300+24,500+18,600+7120+7400+32,000
Work in progress = 97,780
NOTE: Work in progress is sum of all direct labor cost
Factory Overhead = all indirect labor cost which is only $6,130
Explanation:
Training is an activity leading to skilled behavior, the process of teaching employees the basic skills they need to perform their jobs. ... So, Training is a social and continuous process of increasing skills, knowledge, attitudes and efficiency of employees for getting better performance in the organization.
Considering that nominal interest rate is 8% and the inflation rate is 3%, then, real interest rate will equals 3%.
Given Information
Nominal interest rate = 8%
Inflation rate = 3 percent
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8% - 3%
Real interest rate = 5%.
Hence, considering that nominal interest rate is 8% and the inflation rate is 3%, then, real interest rate will equals 3%.
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Answer: $6
Explanation:
Total production of oranges= 4
Total production of candy bars=10
Each orange sells for=$0.25
Total market value of orange production=price × quantity
=$0.25×4
=$1
Each candy bar sells for= $0.50
Total market value of candy bar production=price of candy bar × quantity of candy bar
=$0.50 × 10
=$5
The economy produces oranges and candy bars.
The total market value of production in the economy= Total market value of Orange production + Total market value of candy bar production
=$1 + $5
=$6
