Answer:
Total Unit cost 430 $/Unit
Explanation:
ALCULATE UNIT COST :
AMOUNT
Beginning work in process 500
Direct material 800
Direct labour 300
Overhead (300*40%) 120
Total cost of job 1720
Units 4
Unit cost 430
Answer: it is important to consider the costs and benefits of the research effort
Explanation:
Cost-benefit analysis (CBA) is the form of economic evaluation most useful for resource allocation investigation between government-financed activities and within the productive sectors.
Cost analysis is the basis of all economic studies because it quantifies the costs associated with a given intervention. The costs of the program may include, but are not limited to, vaccines, vaccine administration, efforts to address adverse events, and public education. Cost-benefit analysis is an extension of cost analysis that further accounts for the monetary benefits from a policy or program. Benefits are usually calculated as a function of the total cost of a disease in the presence and absence of an intervention. In a cost-benefit analysis, results are usually presented as ratios of the benefits from the intervention to the costs of conducting the program .
Answer:
A. Dr Wages expense 4,000
Cr Wages payable 4,000
B. Dr Interest receivable 1,500
Cr Interest revenue 1,500
Explanation:
Preparation of Journal entries
A. Based on the information given we were told that the company employees earned wages of the amount of $4,000, which will be paid on in January of next year which means that the Journal entry will be:
Dr Wages expense 4,000
Cr Wages payable 4,000
B. Based on the information given we were told that the company had earned the amount of $1,500 as interest revenue which means that the Journal entry will be recorded as:
Dr Interest receivable 1,500
Cr Interest revenue 1,500
C. at the end of the accounting period