Answer:
Dr work-in process $ 25,430.00
Cr wages payable $ 25,430.00
Explanation:
The total labor cost on jobs is the total hours spent on each job multiplied by direct labor cost per hour as shown thus:
Job 200=570*$20=$11,400.00
Job 305=610*$23=$14,030.00
Total direct labor cost on both jobs=$11,400.00 +$14,030.00 =$ 25,430.00
The journal entries in respect of labor cost of $25,430.00 is to debit work-in process and again a credit goes to wages payable
Answer: I'll be your friend
Explanation:
Is that username from Instagram?
The King or Queen that's ruling during the time will choose what they want to do.
A. Kill Him
B. Ban Him
C. Humiliate Him
D. Put Him In Prison
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Process X has fixed costs of $10,000 and variable costs of $2.40 per unit. Process Y has fixed costs of $9,000 and variable costs of $2.25 per unit.
X= 10,000 + 2.4*x
Y=9000 + 2.25y
We will suppose 5 levels of production
1 units, 1000 units , 5550 units, 20,000 units, 110,111 units.
1 unit:
X= $10,002.4
Y= $9,002.25
1000 units:
X= $12,400
Y= $11,250
5550 units:
X= $23,320
Y= $21,487.5
20,000 units:
X= $58,000
Y= $54,000
110,111 units:
X= $274,266.4
Y= $256,749.75
Process Y has a lower fixed cost and a lower variable cost. In all quantities of production, it will present a lower total cost compare to Process X.
Answer:
A) Eight
Explanation:
Since Brenda is a price taker, she will be able to hire bricklayers as long as her marginal revenue product (MRP) is higher than her marginal cost of hiring another bricklayer.
A bricklayer's wage per hour is $18.00:
- the first seven bricklayers provide a MRP of $22.25 which is larger than $18.00
- the eighth bricklayer provides a MRP of $18.50 which is still larger than $18.00
- but the ninth bricklayer provides a MRP of $17.75 which is lower than $18.00, so she shouldn't hire the ninth bricklayer.
