I would say wages expense should be placed under labour expenses and it is important to remember that though labour is an expense it is also the main source of revenue since it it the workers ie the ones who run the machines that really create wealth.
Answer:
This firm should hire less of C and more of D
Explanation:
Based on the information given we were told that the price of resource C is the amount of $90 while the price of resource D is the amount of $35 ,Therefore based on this it will be advisable for the firm to hire less of C and More of D because the price of resource is C is more higher than the price of resource D when compared, which means that the price of resource D is the best option or alternative for the firm to go for.
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Answer:
Jensen Company's product costs are c. $995,000
Explanation:
Product costs are costs that are incurred to create a product. Product costs include direct material, direct labor, and factory overhead.
In Jensen Company: Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400,000.
Jensen Company's product costs = direct material + direct labor + and factory overhead = $345,000 + $250,000 + $400,000 = $995,000
