Answer:
Opportunity cost
Explanation:
In economics (a social science that studies human behavior in relation to ends and scarce means which have alternative uses), there are basic concepts such as scarcity, scale of preference, opportunity costs etc.
Human wants are unlimited and termed to be insatiable. However, the resources available to satisfy these wants are unlimited hence these wants are grouped in the order of importance known as a scale of preference. As the available resources are used to meet a need or satisfy a want, another will go unsatisfied due to the limited resources available.
The need/want that goes unsatisfied is known as the opportunity or real cost or cost of the alternative forgone. This is what Jacks salary will be considered as if he quits his job.
Answer:
$137.50 per unit
Explanation:
The computation of the total indirect manufacturing cost per unit is shown below:
Machine setups 15000 ÷ 100 × 25 = $3750
Material moves 22500 ÷ 225 × 40 = $4000
M/c. Operations 14000 ÷ 175 × 75 = $6000
Total Cost for 100 units $13,750
And since there is 100 units
So, the total indirect manufcturing cost per unit is
= $13,750 ÷100 units
= $137.50
When you earn college credit from courses you take in high school, you don't have to retake that course in college. Therefore, you might be able to graduate early and pay less tuition.
A. don't have to pay as much for tuition
Answer:
c) $5,000
Explanation:
Kansas Plating Company
Cost of Goods Manufactured.
DM used $40,000
Add Direct labor $70,000
Add Overhead $180,000
Total Manufacturing Costs 290,000
Work in Process Inventory
Add Begin. Inv. 5000
Avail. for mfg. 295,000
Less End. Inv. 3,500
0
Cost of goods mfg 260,000
As the beginning balances of materials direct labor and FOH are given we add these to get total manufacturing costs and also the ending balances are given of Cost of Goods Manufactured and ending Inventory we calculate backwards to get to the Work In Process opening Inventory.
Answer:
The correct option is A
Explanation:
ICS refers to the Incident Command System, which is a system that follows a standardized approach or a method or a way to the coordination, command and the control of emergency and provides the common hierarchy and the responders from the agencies could be more effective.
On- scene is the one emergency which become vital part of the situation or activity and in this ICS offers a approach to the coordination, control and command of the emergency personnel.
