Answer:
Sabrina’s Soccer has a comparative advantage over Stan’s Sporting Goods because Sabrina’s Soccer has a lower opportunity cost.
Answer:
Unit product cost is equal to $66
Explanation:
It is given that direct material cost = $14
Direct labor cost = $44
Variable manufacturing overhead = $8
We have to find the unit product cost
Unit product cost is the sum of material cost labor cost and manufactoring overhead
Therefore unit product cost = $14+$8+$44= $66
So unit product cost is equal to $66
Answer: $2,700,000
Explanation:
The debit to Cash in the journal entry to record this transaction will be calculated as:
= $3,000,000 - [($3,000,000 × 3%) + ($3000000 ×7%)]
= $3,000,000 - ($3,000,000 × 0.03) + ($3000000 × 0.07)
= $3,000,000 - [$90,000 + $210,000]
= $3,000,000 - $300,000
= $2,700,000
Therefore, the debit to cash will be $2,700,000.
Answer:
c. employee but not agent
Explanation:
Agent(legal definition): a person whom act in the name of another yo enter contracts with third parties. Once perform, it is the principal (the party the agent represents) who assumes contracts obligation and benefits.
While an employee has a contract with an employer to provide his workforce. The law will assume someone employee if cannot be determinate otherwise.
In this case Janet works with clients but it do not signs contract with them. Also it is ABC which determinates their works schedules. An Agent has more liberty to search from potential client or from the list of client to negociate on his own and later offer a proposal to the principal.
This is not the case. As it cannot be proveen agent we assume is an employee of ABC
Answer:
C.$16 of overhead cost should be assigned to each wooden gazebo and
$40 of overhead cost should be assigned to each metal gazebo
Explanation:
2,000 wooden x 4 hours = 8,000 labor hours
500 metal x 10 = 5,000 labor hours
total hours 13,000
single manufacturing overhead: 52,000 / 13,000 = $4 per labor hours
wooden gazebos: 4hours x $4 = $ 16
metal gazebos: 10 hours x $4 = $40
