Answer:
50,500 Units
Explanation:
The computation of the number of units produced is shown below:
Overhead rate is
= $200,000 ÷ 50,000 units
= $4 per unit
The Actual overhead is $222,000
So,
Under applied overhead is $20,000
Now
Applied overhead is
= $222,000 - $20,000
= $202,000
And, finally
Actual unit produced is
= $202000 ÷ 4
= 50,500 Units
Answer and Explanation:
Direct competition is a type of competition where two or more businesses offers the same kind of product and compete in the similar market.
The examples like dominos versus pizza hut in terms of food, HP versus Dell in terms of laptop
So in this examples they sell the same kind of products and compete each other
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Answer:
B) Neither Mitchell nor Powell has any recognized gain or loss.
Explanation:
Section 351 (a) of the IRS code establishes that when:
- property is transferred to a corporation by a shareholder solely in exchange for stocks of the corporation,
- and the person (or people) that transferred the property take immediate control of the corporation,
no gain or loss can be recognized from that transaction.
Answer:
C. Cellular telephones outnumbered landline telephones
Explanation:
- The cordless or portable phones as a handset that could be used as a landline were made popular. The cellular industry was one of the fastest growing industry in the market and still maintains a strong global position.