Answer:
2040.
Explanation:
To reach the total manufacturing cost we need to calculate machining and assembling overhead rate first, in order to calculate the rate we need to divide manufacturing overhead cost on number of hours
Machining OH rate = 280000 / 50000 = 5.60
Assembling OH rate = 360000/40000 = 9.00
manufacturing cost:
machine Assembly Total
Material 425 175 600
labor 275 300 575
Overhead 865
(50*5.60) 280
(65*9) 585
Total cost 2040
Answer:
(D) presumes that everyone can perform sound logical analysis at all times
Explanation:
Economics assumes that everyone is rational and will always choose an option that yields the highest utility in all cases. This accounts for the term "the rational human being" in Economics.
Answer:
Option (C) is correct.
Explanation:
The money multiplier = 1 ÷ reserve ratio
= 1 ÷ 0.1
= 10
If a bank purchases $65 million of government securities from the Fed then this will reduce the money supply in the economy because the money from the bank is going.
The decrease in money supply:
= purchase amount × money multiplier
= 65 × 10
= 650 million
Answer:
True
Explanation:
For any organization, whether small or large in terms of capital investment, the potential benefits will occur only when all the opportunities available in the market are exploited properly.
Therefore, performance benefits of a multi organization can be obtained, only when the organization exercises the ability of exploiting all the resources available in the market, related to the organization, which are termed as parallel resources in business language.
Thus, the above stated statement is
True.
Answer:
b. Manufacturing Overhead Control.
Explanation:
As we know that, indirect labor cost is a manufacturing overhead which deals with all types of indirect cost like - indirect material, indirect labor, Factory machinery depreciation, rent, and salaries expense to the manufacturing personnel, etc
These are the costs that are not directly connected to the product's production.
So, in the given case, the indirect labor cost is normally recorded to the debit side of the manufacturing overhead control account
