Answer:
Total standard cost per unit= $23.95
Explanation:
<u>First, we need to allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14*0.35= $4.9
<u>Now, the total direct material and total direct labor:</u>
<u></u>
Direct material= 29*0.5= $14.5
Direct labor= 0.35*13= $4.55
<u>Finally, the total cost per unit:</u>
Total standard cost per unit= 4.9 + 14.5 + 4.55
Total standard cost per unit= $23.95
Answer:
Travis has <u>$500</u> in deductible direct expenses and <u>$810</u> in deductible indirect expenses.
Explanation:
Deductible direct expenses include all the home office expenses and reparations that directly affect the part of the house used as home office = $500 (painted his office and replaced the door).
Deductible indirect expenses include the prorated costs that include the whole house. Since the office occupies 240/2,400 = 10% of the house, then 10% of the indirect costs can be deducted:
- utilities $3,000 x 10% = $300
- property taxes $1,500 x 10% = $150
- mortgage interest $3,600 x 10% = $360
- total = $810
<span>The condition that he might be experiencing is carpal tunnel
syndrome. This occurs when there is an inflammation of the tendons that causes
the individual to have a swelling tendons and a compressed median nerve. It
causes a tingling, pain and numbness in the particular area.</span>
Answer:
The equilibrium quantity in the organic produce market will increase. The change in price depends upon the extent of change in demand and supply.
Explanation:
Advancement in technology will cause the cost of producing organic products to decline. As the cost of production decreases, the producers will be able to produce more at the same cost. As a result, the supply will increase. This will cause the supply curve to shift to the right.
At the same time, increased preferences for organic produce will increase its demand. As a result, the demand curve will shift to the right.
This rightward shift in both the demand and supply curve will increase the equilibrium quantity in the market. The change in price will depend on the extent of change in demand and supply.
If both demand and supply increase by the same proportion the equilibrium price will remain the same as earlier. If the increase in demand is more than the increase in supply the equilibrium price will increase. If the increase in supply is more than the increase in demand the equilibrium price will decrease.