Answer:
Factory overhead= $8,500
Explanation:
Giving the following information:
B&T Company's production costs for May are: direct labor, $13,000; indirect labor, $6,500; direct materials, $15,000; property taxes on production facility, $800; factory heat, lights and power, $1,000; and insurance on plant and equipment, $200.
Factory overhead= indirect labor + property taxes + factory heat, lights and power + insurance
Factory overhead= 6,500 + 800 + 1,000 + 200= $8,500
Answer:
D. When ITQs are used, no one has an incentive to cheat and exceed the quota.
Explanation:
As ITQs (individual transferable quotas) were initially created by the government to regulate an above all, social affair, which is related to the share in the total allowable catch of fish (species).
Since some of the fishermen have lower and some have higher marginal costs of "producing" fish, they trade ITQ's between themselves, with those who have high marginal costs selling ITQs to those that have low marginal costs. Also, the marginal private cost now becomes determined by the initial marginal private cost of the fish, plus the <u>price of the ITQ</u>. Then, it becomes known as the marginal social cost.
The equilibrium for the ITQ price is the difference between the <em>marginal social benefit</em> and the marginal cost. With the base marginal private cost becoming the marginal social cost, no one has the incentive to exceed the quota, as that would make the marginal cost go higher than the price, and the marginal profit lower. This notion creates the equality between self-interest and social interest.
Answer:
$79,600
Explanation:
Calculation for what the total amount of direct manufacturing cost incurred will be :
Direct material $50,400
(8,000 x $6.30)
Add Direct labor $29,200
(8,000 x $3.65)
Total Direct cost $79,600
Therefore the total amount of direct manufacturing cost incurred is closest to: $76,600
Answer:
I think I should ask in English language
