The Labor cost = Units Produced * Direct Labor hours per Unit * Direct Labor rate per Hour is <u>$ 1,200,000.</u>
= 15,000 * 4 * $20
= $ 1,200,000
Answer: $ 1,200,000
Production is the process of combining various tangible and intangible inputs (plans, knowledge) to produce things for consumption (outputs). It is the act of creating output, goods, or services that are of value and contribute to an individual's benefit.
An example of production is the manufacture of automobiles. A car is made up of parts. For example, rubber tires are added to a metal body to create a seat before the car leaves the assembly line. “Production is the organized activity of transforming resources into final products in the form of goods and services. The goal of production is to meet the demand for such transformed resources.
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Answer:
Purchase discounts is a contra revenue account. Revenue accounts carry a natural credit balance; purchase discounts has a debit balance as a contra account. On the income statement, purchase discounts goes just below the sales revenue account.
Answer:
1: Criticism
2: Parody
3: News Reporting
4: Research, Scholarship
5: Teaching
Explanation:
Fair use allows limited use of copyrighted material without permission from the copyright holder for purposes such as criticism, parody, news reporting, research and scholarship, and teaching. There are four factors to consider when determining whether your use is a fair one.
Imari Brown should choose $1,000 tax credit since it reduces her taxes by $1,000. Tax credit is a big help for her because it can also reduced her tax by $1000, it is a big saving to her since she still attending community college.
Answer:
$1,952 (Positive NPV)
Explanation:
Year Annual CF ($) PV factor at 10.30% PV of Cash Flow ($)
1 17,000 0.90662 15,413
2 17,000 0.82196 13,973
3 17,000 0.74520 12,668
4 17,000 0.67561 11,485
5 17,000 0.61252 10,413
6 17,000 0.55532 9,441
7 17,000 0.50347 8,559
TOTAL 1.73554 81,952
Net Present Value (NPV) = Present value of annual cash flows - Initial Cost
Net Present Value (NPV) = $81,952 - $80,000
Net Present Value (NPV) = $1,952 (Positive NPV)
