Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
The type of dispute resolution that will be best for Karolyn is RESTITUTIONARY CLAIMS FOR QUANTUM MERUIT [VALUE OF SERVICE] AND QUANTUM VALEBAT [VALUE OF GOODS].
Under this restitutionary type, Karolyn will be able to present her case and make claims for damages without having to sue the company.
Answer:
D) direct fixed costs.
Explanation:
The fixed cost is that cost which does not change with the change in the production level. It remains constant whether production level changes or not.
There are various types of fixed costs which are shown below:
1. Indirect fixed cost: The indirect fixed cost is those fixed costs that are not related to the product. Examples: administrative salaries, miscellaneous expenses, etc.
2. Non-controllable fixed costs: These costs are those cost which is not controllable by the business organization such as depreciation, taxes, etc.
3. Common fixed costs: These costs are those cost which is held for more than one department or segment. Examples - salaries expenses, rent expenses, etc
4. Direct fixed costs: This cost is to deal with the product and specially incurred for the particular segment such as direct material, direct labor, etc.
Answer:
- Period cost ⇒ $240
- Product cost ⇒ $560
Explanation:
First find out the amount of money that pertains to the first year:
= 2,400 / 3 years
= $800
Out of the $2,400, $800 is the payment for the year.
Product cost is the portion that would go towards manufacturing operations:
= 70% * 800
= $560
Period cost is the cost that applies to the selling and administrative activities:
= 30% * 800
= $240