A. The items that fall under the DIRECT MATERIAL category include the following:
1. Film cost for the X ray machine.
2. Electricity cost for the X ray department.
3. Maintenance and repair on the X ray machine.
4. X ray department supplies.
The items that fall under the DIRECT LABOUR category include the following:
1. Salaries of the X ray machine technician.
2. Salary of the X ray technicians' supervisor.
The items that fall under the SERVICE OVERHEAD category include the following:
1. Wages for the hospital janitorial personnel.
2. Property taxes on the hospital building.
3. Depreciation on the hospital building.
4. Depreciation on the X ray department equipment [Manufacturing overhead]
B. The costs that are incurred during the production of a good or service are usually divided into three categories, which are direct material, direct labour and overhead costs.
Direct materials refer to those materials used in the production process which can be traced to a particular unit or department. A good example of a direct material is the raw materials used in the production unit for the production of a particular product.
Direct labour refers to the salaries and wages of those employees that are directly involved in the production process or in carrying out a particular operation. An example of a direct labour for the production of chocolates is the salary of those workers in the production unit.
Overhead cost refers to all other costs that are incurred during the process of production.These costs can not be traced to a specific department per say, but it cover the whole business unit. Overhead cost is of two types: administrative and manufacturing overheads. Examples of overhead costs are rent, utilities, insurance, depreciation, etc.
Answer: When the switch is closed.
Explanation: The current is the flow of charges, the current can only flow when the switch is closed
Answer:
a) production units = 450,000
b) Amount of raw materials = 1,010,000.
Explanation:
The production budget is computed as follows;
Production budget = Sales budget + closing inventory - opening inventory
Production budget= 480,000 + 50,000 - 80,000
= 450,000 units
<em>The raw material purchase budget is the amount of material to be purchased to accommodate production need and inventory of materials to be kept.</em>
Purchase budget = usage budget + closing inventory - opening inventoy
Purchase budget = (2× 500,000) + 45,000 - 35,000
= 1,010,000.
Answer:
Explanation:
Bonds are corporate debt units that are issued by firms inform of financial securities and are traded as tradeable assets. It is basically referred to as a fixed income instrument since bonds conventionally are paid a certain fixed amount of interest rate (coupon) to its respective debtholders.
going by the question Upon issuance, Ozark should
Credit premium on bonds payable $100,000
Because face value of bonds = $10 million but issue price is $10 million * 101 % i.e $ 10100000
So, premium = 10100000 - 10000000 = $ 100000
