Answer:
True
Explanation:
Industrial Revolution can be regarded as transition from old to the new manufacturing processes which begins from some part of the world such as
Europe and United States, within some period from of 1760 and it's improving up till date. Some of the causes of Industrial Revolution are development of trade as well as the rise in business activities. It should be noted Industrial Revolution brings about the use of production processes dependent on new machines and interchangeable parts.
Answer:
b. a provision relating to the resolution of any dispute.
Explanation:
As the company provides a streaming service that has complex pricing schedules and when the customers make purchases a contract in which both parts have obligations appears, it is important that the terms are clear and one important point is to include a provision relating to the resolution of any dispute that establishes the ways in which a problem that may arise between both parts can be fixed following a procedure that is detailed there to avoid serious issues that can result in spending a lot of money in legal fees.
Answer:
Gross profit= $4.75
Explanation:
Giving the following information:
Product Z2:
$2.00 of direct materials
$3.40 of direct labor.
sold for $11.00.
Designated overhead at the rate of 25% of direct labor costs.
Gross profit= sales - direct material - direct labor - manufacturing overhead
Gross profit= 11 - 2 - 3.4 - (3.4*0.25)= $4.75
Answer:
The aggregate budgeted selling expense for the month of February amounts to $20,900
Explanation:
Selling expense budget is the plan which estimate the selling expense which happen in that period or year or month. It is related to the marketing as well as selling the product to customers. And involve advertising expense, commission, delivery cost and signs.
The aggregate budgeted selling expense for the month of February is computed as:
Aggregate budgeted selling expense = Commission + Monthly Salary of Sales manager + Advertising expense
where
Commission is as:
Commission = Sales × 5%
= $318,000 × 5%
= $15,900
Monthly Salary of Sales manager is $3,700
Advertising expense is $1,300
So,
Aggregate budgeted selling expense = $15,900 + $3,700 + $1,300
Aggregate budgeted selling expense = $20,900
