Answer:
The correct answer is C.
Explanation:
Giving the following information:
$15,000 for factory managers
$18,000 for financial managers
$42,000 for company executives.
$98,000 for factory workers
$64,000 for office workers.
To calculate the labor cost we need to separate between indirect and direct labor:
Indirect labor:
Factory managers (manufactury overhead)= 15,000
Direct labor:
Factory workers= 98,000
Total labor cost= $113,000
Answer:
Please find the detailed answer as follows:
Explanation:
Step 1. Given information.
Carrying amount 310.000
Fair Value 160.000
Step 2. Formulas needed to solve the exercise.
Impairment loss = Carrying value - Fair Value
Step 3. Calculation.
Impairment loss = $310.000 - $116.000 = $194.000.
Step 4. Solution.
The carrying amount of $310.000 > fair value of $160.000. To measure the impairment loss, just do CV-FV. hence $310.000 - $116.000 = $194.000.
Loss on impairment $194.000
Patent $194.000
Efficiency is the ability to produce the result with minimal utilization of resources to get maximum benefits, while effectiveness is the ability to produce a better result.
<h3>
What is Efficiency?</h3>
Efficiency is the ability to work with the least usage of resources in the best possible manner, which means with the minimum usage of resources we get maximum benefits.
Thus, efficiency is the ability to produce the intended result in the best possible manner with the least waste of resources, time, and effort, while effectiveness is the ability to produce the best result that delivers more value or achieves a better outcome.
Learn more about Efficiency here:
brainly.com/question/13828557
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Answer:
Unit Materials cost $6.15
Explanation:
Beginning 0
Started 82,000
Ending (18,100)
Complete and transferred out 63,900
To get equivalent untis we add the transferred out with the equivalent units of Ending inventory
CC 63,900 + 18,100 x 50% = 72,950
<u>Materials 63,900 + 18,100 x 100% = 82,000</u>
Unit material cost:
504,300/82,000 = 6.15
+Ending materials 18,100
Answer:
August 31, 202x (assuming a 360 day year)
Dr Interest expense 1,750
Cr Interest payable 1,750
Explanation:
The journal entry to record the loan:
July 1 , 202x
Dr Cash 420,000
Cr Notes payable 420,000
The journal entry to record accrued interest on the loan:
August 31, 202x (assuming a 360 day year)
Dr Interest expense 1,750
Cr Interest payable 1,750
Interest expense = $420,000 x 5% x 2/12 = $1,750
