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OverLord2011 [107]
3 years ago
14

Harlen Company is involved in a competitive bidding situation. The following costs are anticipated for a project to be bid with

the City of Crimson:
Direct material $340,000
Direct labor 610,000
Allocated variable overhead 420,000
Allocated fixed cost 110,000
Which of the following cost figures should be used in setting a minimum bid price if Harlen has excess capacity?
A. $530,000.
B. $950,000.
C. $1,370,000.
D. $1,480,000.
E. None of the answers is correct.
Business
1 answer:
erica [24]3 years ago
4 0

Answer:

C. $1,370,000

Explanation:

Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity

Direct material $340,000

Direct labor $610,000

Allocated variable overhead $420,000

Minimum bid price $1,370,000

($340,000+$610,000+$420,000)

Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000

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Answer:

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3 years ago
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or
soldi70 [24.7K]

Answer:

<em>The flow is in the form of inputs and then dollars in a sequence. </em>

Explanation:

<em>(1)</em> The household supplies factor input services in the form of labor to the firm.

<em>(2)</em> The labor produces goods and services for the firm.

<em>(3)</em> The firm pays wages to the labor in return for the produce.

<em>(4)</em> The households buy the goods and services of the firm.

<em>(5)</em> For the goods and services offered, the firm takes dollars from the households.

Hence, the entire above process emphasizes a flow <em>in the form of inputs and then dollars from the household to the firm for the output purchased by it from the firm.</em>

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4 years ago
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3 0
3 years ago
The beginning and ending balances of retained earnings for the year were $55,000 and $82,000, respectively. If dividend payments
bonufazy [111]

Answer:

$35,000

Explanation:

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Therefore,

Net Income = Ending retained earnings balance -  Beginning retained earnings balance + Dividends

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3 years ago
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Answer:

The correct answer is letter "E": None of these answers is correct.

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3 0
3 years ago
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