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faltersainse [42]
3 years ago
8

Labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw mater

ials into finished products are called: Select one: a. Indirect labor. b. Direct labor. c. Product labor. d. Finished labor. e. None of the above.
Business
1 answer:
ch4aika [34]3 years ago
4 0

The costs that are clearly associated with specific units or batches of product is called: Direct labor.

<h3>What is direct labor?</h3>

Direct labor are wages and salaries paid to workers whose work can be traced directly to specific products or services. They are wages incurred in order to produce goods or provide services to customers.

Example of direct labor include:

  • Assemblers
  • Welders
  • Painters

Hence, labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products are called direct labor.

Learn more about direct labor here: brainly.com/question/26371102

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3 years ago
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
nataly862011 [7]

Answer:

D

Explanation:

So, lets go over what inflation and purchasing power mean.

Inflation is the increase in money of something.

Purchasing power is a persons ability of pruchasing something.

Now, heres an example. A 300 dollar apple phone was quickly being purchased, and apple infalted the price to 600 dollars. Since people can only afford to purchase so much, some might not be able to afford this. This means not as many people can purchase it.

Since the price was raised, this measn the inflaction was increased.

Since the amount of people that could afford the apple phone shrunk, the purchasing power decreased.

So basically, to summarize this:

As the infaltion of an item is increased, the purchasing power is decreased, for less people can afford the higher price.

Answer:

<u>D - As the rate of inflation increases, purchasing power decreases.</u>

Hope this helps!

3 0
3 years ago
The Tradeoff Theory suggests that​ ________. A. with higher costs of financial​ distress, it is optimal for a firm to choose hig
ratelena [41]

Answer:

The correct answer is D. The Tradeoff Theory suggests that a firm should choose a debt level where the tax savings from increasing leverage are just offset by the increased probability of incurring the costs of financial distress.

Explanation:

The trade-off theory of capital structure states that companies choose their leverage ratio to maximize benefits and minimize costs. The classic version of the hypothesis goes back to Kraus and Litzenberg, who observed a balance between the risk of loss of welfare from impending bankruptcy and the tax benefits of outside capital. In the trade-off theory, debt and equity financing are calculated in such a way that the present value of the tax shield is as large as possible and the present value of the costs of “financial distress” is possibly small.

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3 years ago
Read 2 more answers
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Misha Larkins [42]

Answer:

Explanation:

The question says to complete the necessary adjusting entry

What is an adjusting entry:

An adjusting entry represent an accounting entry passed usually at the end of the accounting year to ensure that accounts following the matching principle. An adjusting entry can further be passed to calculate and bring in respective account balances at the end of the period.

Therefore, the required adjusting entry is as follows:

Date                     Particulars                          Debit                 Credit

Dec 30                   Salaries expense            $4,000

                                     Salaries payable a/c                       $4,000

being the record of salaries accrued at the end of the year

Note: Since a day is $800 and there are 5 days, the accrual is $800 x 5 = $4,000

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4 years ago
Mar. 29 Received a $30,000, 60-day, 5% note dated March 29 from Karie Platt on account.
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Answer:

Explanation:

Date Description Post. Ref. Debit Credit Assets Liabilities Equity

1 Mar.29 Notes receivable 30000 30000

2 Accounts receivable-Karie Platt 30000 -30000

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4 Accounts receivable-Jon Kelly 24000 -24000

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6 Notes receivable 30000 -30000

7 Income Summary ($30000 x 5% x 60/360) 250 250

8 Jun.29 Accounts receivable-Jon Kelly 24320 24320

9 Notes receivable 24000 -24000

10 Income Summary ($24000 x 8% x 60/360) 320 320

11 Aug.26 Cash 30855 30855

12 Accounts receivable-Karie Platt 30250 -30250

13 Income Summary ($30250 x 8% x 90/360) 605 605

14 Oct.22 Allowance for Doubtful Accounts 24320 24320

15 Accounts receivable-Jon Kelly 24320 -24320

163745 163745 1175 0 1175

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