Answer:
1. $28
2. $278,040
3. $7,560 under-applied
4. $8.8536
Explanation:
The computation is shown below
1. Predetermined overhead rate = (Total Budgeted: Overhead) ÷ (estimated direct labor-hours)
= $285,600 ÷ 10,200 hours
= $28
2. The applied overhead would be
= Actual direct labor-hours × predetermined overhead rate
= 9,930 hours × $28
= $278,040
3. The over applied or under applied would be
= Actual manufacturing overhead - applied overhead
= $285,600 - $278,040
= $7,560 under-applied
4. Total cost per unit would be
= (Prime Cost + Applied Overhead) ÷ (Number of units)
= ($1,050,000 + $278,040) ÷ (150,000 units
= $1,328,040 ÷ 150,000 units
= $8.8536
Instead of living in a service economy, we now live in a(n) Mixed economy.
Explanation:
- A mixed economy consist of both private and government /state owned economies which share control of owning, making, selling, and exchanging good in the country.
- U.S. and France are two example of Mixed Economy
The PHS regulations about financial conflict of interest require INVESTIGATORS to disclose significant financial conflict of interest.
The PHS requires that for each proposal submitted to that agency, the principal investigator and any other person regardless of their positions and titles, who are responsible for the conduct and the design of the experiment should certify that appropriate significant financial disclosure has been made.
The player in the economy that supplies labor in the factor market is households.
Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."
The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs.
The input market is another name for the factor market.
By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.
The market for finished goods or services is referred to as an output market, whereas a factor market is referred to as an input market.
This can be seen as a closed-loop flow where households are sellers and businesses are buyers in the factor market and vice versa in the market for goods and services.
Hence, The player in the economy that supplies labor in the factor market is households.
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Answer:
Recourse debt.
Explanation:
Cancelled recourse debt are included as income and are taxable. Taxpayer get the benefit for using the money but does not have burden to repay the amount. These are mainly, prizes, awards on winning any contest etc. Debt which are forgiven or cancelled by lender are considered as Income and taxable. The law say that income from discharge of indebtness are included as income.
