The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.
<h3>
What are the types of overheads?</h3>
Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.
Business overheads may be divided into two categories:
- administrative and
- manufacturing.
Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost
Learn more about Cost overheads:
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Answer:
$19
Explanation:
Data provided
Direct material = $18
Direct labor = $14
Variable overhead = $12
Offered price from outside supplier = $25
The calculation of Bonita Industries save is shown below:-
Total cost of production = Direct material + Direct labor + Variable overhead
= $18 + $14 + $12
= $44
Savings = Total cost of production - Offered price from outside supplier
= $44 - $25
= $19
1. Right-click on the tab of the worksheet you want to rename to open the context menu.
2. Click on Rename in the menu list to highlight the current worksheet name.
3. Type the new name for the worksheet.
4. Press the Enter key on the keyboard to complete renaming the worksheet.
Answer: A commercial bank.
Explanation:
These are banks whose function is to lend to both the population and the economy. The basis of this activity is short-term deposits from all sources. By granting loans, these banks increase their money supply. In some areas, these banks, in conjunction with the authorities, also provide lower interest rates to stimulate economic development.
In economics, activities done for others, such as providing house cleaning or dental work, are referred to as services. Tangible merchandise on the other hand are referred to as goods. When firms produce services at the lowest cost p<span>roductive efficiency is achieved.</span>
