The costs that are clearly associated with specific units or batches of product is called: Direct labor.
<h3>What is direct labor?</h3>
Direct labor are wages and salaries paid to workers whose work can be traced directly to specific products or services. They are wages incurred in order to produce goods or provide services to customers.
Example of direct labor include:
- Assemblers
- Welders
- Painters
Hence, labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products are called direct labor.
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Answer:
1. True.
2. True.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
1. The discount rate is the interest rate the Fed charges on loans of reserves to banks.
2. The federal funds rate is the interest rate banks charge for overnight loans of reserves to other banks.
Answer:
Follows are the responses to these question:
Explanation:
Please find the complete question in the attached file.
Uncle Ben will have to select industrial machinery for customized furnishings, as the NPV of the project have result show to the S loan, such that uncle Ben can gain it if he opts to invest throughout the C loan of just $120,000 from the bank.
In Which only a $240,000 credit by Uncle Ben has also been issued by the bank, it can choose either local furniture exaggerations or regular fabric as Project C and Project S both are positively Verdict.
Answer:
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
Explanation:
The contract for purchase of a vacuum cleaner has two performance obligations;
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
it may be noted that the extended warranty is a separate performance obligation as it can be purchased at the same time of original purchase or later and separate consideration is payable for that and there is no direct co-relation of the extended warranty obligation with the initial purchase.
Answer:
a. Disciplines panel
Explanation:
A disciplines panel is formed when there is a collection of professionals of various disciplines to discuss ways to solve problems. Brainstorming is done by specialists to get sustainable solutions.
By assembling functional specialists from all relevant fields to solve problems, Coinstar Inc has formed a disciplines panel.
