Answer:
Traditional economy.
Explanation:
A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.
Answer:
Direct labor cost= $29,250
Explanation:
Giving the following information:
Production:
March= 1,900 nightstands
April= 2,000 nightstands
Each nightstand requires 0.5 direct labor hours in its production.
Forty Winks Corporation has a direct labor rate of $ 14.00 per direct labor hour.
First, we need to determine the number of hours required for each month:
March= 1,900*0.5= 950 hours
April= 2,000*0.5= 1,000 hours
Now, the combined cost:
Direct labor cost= 1,950*15
Direct labor cost= $29,250
