Answer:
1. Overhead rate based on direct labor cost = Overhead applied * 100/Direct labor cost
Overhead rate = 888 * 100/1200
Overhead rate = 74% of direct labor cost
2. Preparation of the brief job-order cost sheet for the four jobs.
Job 86 Job 87 Job 88 Job 89
Beginning balance, March 1 6,888 6,820
Direct materials 3,000 7,000 2,100 1,500
Direct labor 800 6,000 900 500
Applied overhead <u>592 </u> <u> 4440</u> <u>666</u> <u>370</u>
Total Balance March 31 <u>11,280</u> <u>24,260</u> <u>3,666</u> <u>2,370</u>
The marginal revenue product (MRP) of land declines as more land is brought into production because:
A. Land is a "unfastened and nonreproducible gift of nature."
B. Of diminishing returns.
C. Land hire has no incentive characteristic.
D. The deliver of land is constant
Marginal revenue product (MRP), also referred to as the marginal charge product, is the marginal revenue created due to an addition of 1 unit of useful useful resource. The marginal revenue product is calculated by way of way of multiplying the marginal physical product (MPP) of the useful aid by means of the marginal revenue (MR) generated.
How do you calculate marginal revenue product of labor?
The marginal sales manufactured from a worker is equal to the made from the marginal product of hard work (MPL) and the marginal sales (MR) of output, given with the aid of MR×MPL = MRPL.
What takes place to marginal revenue product whilst call for decreases?
Marginal revenue product sales will usually be less than call for for a given quantity. That is because of the reality a monopolist's call for curve is similar to its average income curve, and for a monopolist, every commonplace and marginal sales will decrease as amount increases.
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Answer and Explanation:
E.lowest equivalent annual cost
Answer:
It depends upon the economical situation. For example if we talk about USA, the labour here costs more than China, whereas in USA machines are less costly than China which means USA can only benefit globally if its products have lower cost from China (China is the biggest competitor of USA) by using fewer labour and relying more on machines.
