Answer:
The right solution is "$ 2.50 per DLH".
Explanation:
The given values are:
Rent,
= $ 15,000
Factor equipment's depreciation,
= $ 8,000
Indirect labor,
= $ 12,000
Production supervisor's salary,
= $ 15,000
Estimated DLHs,
= 20,000
The total manufacturing overhead will be:
= 
On substituting the given values, we get
= 
= 
($)
Now,
The predetermined overhead rate will be:
= 
= 
($)
Answer:
The Journal entries are as follows:
(i) On December 31,
No entry
(ii) On December 31,
Amortization expense A/c Dr. $16,000
To Patents A/c $16,000
(To record the amortization expenses)
Workings:
Amortization expense:
= (Purchasing cost of patent ÷ Estimated useful life) × Time period
= ($144,000 ÷ 6) × (8/12)
= $24,000 × (8/12)
= $16,000
Answer:
The marignal revenue that another worker would bring to Joe under these circumstances is $90.
If joe hires a new worker, the worker can repair 3 appliances per hour, and the mininum charge for appliance-repair is $30 plus parts. The marignal revenue is:
$30 x 3 appliances = $90
Because wages are equal to the marginal product of labor, the maximum amount that Joe would pay to a new person is $90.
True it can. just depends on the product/ services it offers
When you deposit your money to the bank, you are giving the bank the cash that they need to lend to borrowers or the cash they can invest in other form of investment like bonds and stocks.
The banks will earn interest from these loans and investments while the depositor will earn from the interest that the bank will pay you.
Money deposited in the bank that is loaned to other people will most likely be used to put up businesses or expand businesses. With the increase of businesses in the community, a lot of people will be hired and their salaries and wages will be used to augment their basic needs. Needs that they will buy from their local stores. Thus, continuing the cycle of the economy.
