Answer:
Total cost= $9395
Explanation:
Giving the following information:
The company has two departments: Assembly and Sanding.
The Assembly Department:
Departmental overhead rate of $35 per machine hour.
The Sanding Department:
Departmental overhead rate of $20 per direct labor hour.
Job 603:
Direct labor hours used 85
Machine hours used 107
The cost of direct labor is $30 per hour
Direct materials used= $1,400.
Total cost= direct materials + direct labor + manufacturing overhead
Total cost= 1400 + $30*85 + [(107*$35)+(85*$20)]
Total cost= 1400 + 2550 + 5445
Total cost= $9395
Explanation:
Fiscal policy can be defined as the use of government spending and taxation to affect the economic variables such as inflation, unemployment, aggregate demand, etc.
The following measures are example of fiscal policy:
- An increase in federal income tax rates.
- The federal estate tax is repealed.
- An increase in military spending
- The federal government builds a high-speed train that connects Los Angeles and Las Vegas.
Answer:
The correct answer is B,C,D,E
Explanation:
The basic activities of marketing consists of the following;
Marketing research and target market analysis, cost/benefit analysis, benchmarking - a process of measuring a business's performance and standard against competitors and rivals and thus conducive to winning in the marketplace, and Pricing, distribution, and human resource management (HRM).
Customer analysis, selling products and services, and product and service planning are also basic activities of marketing.
Answer: d. All of the above.
Explanation:
The marginal revenue for hiring the workers will be:
= 100 × $20
= $2000
Marginal cost of hiring Tom is $1500. Likewise, the firm should hire Tom since marginal revenue of $2000 is greater than the marginal cost of $1500.
Therefore, the correct option is All of the above.