A feature of monopoly that leads to unfavorable consequences is that it:

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e

BabaBlast [244]

Answer:

$950

Explanation:

The computation of the total cost assigned is shown below:

= Direct Material cost + Direct labor cost + overhead cost

where,

Direct material cost is $350

Direct labor cost = $12 × 20 direct labor hours = $240

Overhead cost = $18 × 20 direct labor hours = $360

Now put these values to the above formula

So, the value would equal to

= $350 + $240 + $360

= $950

3 0

3 years ago

The role of the entrepreneur in society is to bring the factors of production together and take the risks of producing output. r

tatuchka [14]

Answer:

bring the factors of production together and take the risks of producing output.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.

In conclusion, when the aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

3 0

2 years ago

Moringa products corporation had common stock of $820,000 and retained earnings of $1,250,000 on january 1. during the year, $75

blondinia [14]

Based on the beginning retained earnings balance and the net income as well as dividends, the retained earnings balance will be $1,585,500.

<h3>How much are retained earnings on Dec. 31?</h3>

This can be found as:

= Beginning retained earnings + Net income + dividends paid

Solving gives:

= 1,250,000 + 287,500 + 48,000

= $1,585,500

Find out more on retained earnings at brainly.com/question/25998979.

#SPJ1

5 0

2 years ago

Global ceos desire ___________ even more than profit growth, stimulating innovation, customer loyalty, and finding qualified emp

jekas [21]

Answer:

excellence in execution.

Explanation:

The excellence of management execution is a key feature for analyzing a company's long-term position. A global CEO should be aware of the importance that organizational success comes not just from a factor or periodic statement of profitability, but from a set of factors, such as personnel, financial and quality management that align the strategy in a way. effectively determine the organizational position in the market and vis-à-vis competitors.

5 0

3 years ago

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from Novemb

Sati [7]

Answer:

Part a.

Work In Process : Job 201 $64,200 (debit)

Work In Process : Job 202 $32,100 (debit)

Work In Process : Job 203 $25,350 (debit)

Work In Process : Job 204 $47,100 (debit)

Salaries Payable $168,750 (credit)

Part b.

Work In Process : Job 201 $94,160 (debit)

Work In Process : Job 202 $47,080 (debit)

Work In Process : Job 203 $37,180 (debit)

Work In Process : Job 204 $69,080 (debit)

Overheads $168,750 (credit)

Explanation:

Calculation of Labor Cost :

Job 201 = 4,280 hours × $15 = $64,200

Job 202 = 2,140 hours × $15 = $32,100

Job 203 = 1,690 hours × $15 = $25,350

Job 204 = 3,140 hours × $15 = $47,100

Application of overhead to jobs :

Job 201 = 4,280 hours × $22 = $94,160

Job 202 = 2,140 hours × $22 = $47,080

Job 203 = 1,690 hours × $22 = $37,180

Job 204 = 3,140 hours × $22 = $69,080

6 0

3 years ago