1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
torisob [31]
3 years ago
12

Consider the elements of cost in Geordie Ltd, namely, the cost of a product, the cost of direct labour and the cost of non-labou

r expenses (usually referred to as the overhead). In this company the material cost of a product is $6 less than thrice the cost of the direct labour; and the overhead is 3/4 of the direct labour cost. Knowing that the total cost of the product is $120, compute the amount of the material cost of the product, rounded to nearest 100-th
Business
1 answer:
tangare [24]3 years ago
3 0

Answer:

$73.58

Explanation:

Total cost of product = $120

Total cost of product = Cost of material + Direct labor + Overhead

Cost of material = (3 * direct labor) - $6

Overhead = ¾ of Direct labor

Total cost of product = 3DL - $6 + DL + ¾ of DL

$120 = 3DL - $6 + DL + 0.75 DL

$126 = 4.75 DL

Direct Labor = 126/4.75

Direct Labor = $26.53

 

Material cost = 3 * $26.53 - $6

Material cost = $73.58

You might be interested in
The local fire department is using a selection test to measure the ability to continue maximum effort requiring prolonged effort
Airida [17]
<span>The type of physical ability is the fire department measuring is called <u>“Stamina”</u>.
</span>
<span>Strength is one thing, the ability to continue exerting the same amount of strength over time is called stamina. Stamina is important especially in quick-response jobs which usually cater to emergencies</span>
6 0
3 years ago
Read 2 more answers
Gary earned a gross pay of $1,047.30 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amou
Zina [86]

B 6.2 out of it is not much  but not that little

7 0
3 years ago
Read 2 more answers
Baylor Service Corp. redeemed $1,000 of gift cards that customers used to pay for services that were performed by the company. T
Nitella [24]

Answer:

B. Unearned Revenue and a credit to Service Revenue.

Explanation:

The adjusting entry is given below:

Unearned revenue $1,000

         To Service revenue $1,000

(Being service revenue is recorded)

Here unearned revenue is debited as it decreased the liabilities and credited the service revenue as it increased the revenue

Therefore the option b is correct

7 0
3 years ago
Define federal deposit insurance corporation apush
agasfer [191]
<span>The FDIC is an entity that provides insurance to personal banking accounts up to $5,000. These assured people that their money was safe and secure. This agency still functions today. It was created in 1933 as part of the </span>Emergency Bank Relief Act which <span>allowed a plan that would close down insolvent banks and reorganize and reopen those banks strong enough to survive</span>
7 0
3 years ago
The Campus Collective company, which creates unique apps for colleges, has recently lost three large university clients that mad
kirill115 [55]

Answer:

Relative wage coordination argument

Explanation:

Relative wage coordination argument states that even though workers are willing to accept wage cuts due to economic hardships. Wide implementation of wage cuts is hard because workers believe that not everyone will experience wage cuts.

So they will will fight against implementation of wage cuts.

In this scenario Campus Collective company has recently lost three large university clients that made up 40% of its total revenue. This has hit the company hard and management finds it necessary to reduce staff or wages.

Although employees are aware of the hardship they still fight against management on wage cuts because employees are also not sure if other people working their same jobs in the economy are getting reduced wages.

5 0
3 years ago
Other questions:
  • Why are computer skills an important part of online learning?
    7·2 answers
  • Your cousin is currently 9 years old. She will be going to college in 9 years. Your aunt and uncle would like to have $ 100 comm
    10·1 answer
  • What do banks pay people who leave their money there?
    10·1 answer
  • We will derive a two-state put option value in this problem. Data: S0 = 180; X = 190; 1 + r = 1.1. The two possibilities for ST
    9·1 answer
  • Jason works for a restaurant that serves only organic, local produce. What
    12·2 answers
  • Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan pa
    10·1 answer
  • Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its esti
    7·1 answer
  • Fiscal Policy
    15·1 answer
  • What is the primary purpose of a trading bloc? (5 points) group of answer choices to foster political and social unity to lower
    6·1 answer
  • On 1 January 2010 The Happy Haddock Angling Club had the following assets:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!