following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
Premium Costs Variable cost Cost
by this case. Answer: Internal/domestic environments a) The business decision making process in Indian govt. sector is pretty slow which leads to unnecessary loss of time and money. In this case‚ the slow process lead the to loss of opportunity to buy a firm (premier Oil) b) There are much more than required levels of clearances that needs to be taken to acquire a company abroad. Application is reviewed by members of special committee of RBI‚ Finance and commerce ministries. Since
Premium Decision making Decision theory Business Decision Mapping
Cost Theory in Economics A central economic concept is that getting something requires giving up something else. For example‚ earning more money may require working more hours‚ which costs more leisure time. Economists use cost theory to provide a framework for understanding how individuals and firms allocate resources in such a way that keeps costs low and benefits high. 1. Function * Economists view costs as what an individual or firm must give up to get something else. Opening a
Premium Costs Economics Marginal cost
The Cost for Knowledge: An Argument against the Rising College Tuition Deciding which college to attend is a choice that many high school graduates will face. Whether it is in state or out of state‚ the variety of colleges is endless‚ but essentially the high cost of attending these institutions significantly cuts the choices down to a minimum. Should rising college tuitions limit the choices for students? No‚ absolutely not. College tuition should be regulated to give fair chances to all students
Premium Higher education University Education
According to the Christian viewpoint‚ “what makes humans special is that we can limit ourselves‚ to recognize that something may be perfectly understandable and yet be wrong.” (Mckibben‚ 2003). Bill McKibben writes in his article “Design-a-kid”‚ that‚ “The choices we face‚ in fact‚ will settle this question on specialness once and for all. If we cannot summon our ability to use self-restraint‚ or if it proves to be weak‚ we will leave our specialness behind forever.” What he is saying here is that our nation
Premium DNA Genetics Gene
Unit 1 Getting Started CHAPTER 1 Exploring the Writing Process CHAPTER 2 2 98576_01_ch01_p001-007.indd 2 Copyright © Cengage Learning. All rights reserved. Prewriting to Generate Ideas 12/15/09 3:23:42 PM CHAPTER 1 Exploring the Writing Process A: The Writing Process B: Subject‚ Audience‚ and Purpose D TEACHING TIP You might engage students in a discussion about the kinds of writing they already have done for college or work‚ as well as the kinds
Premium Writing process Writing Copyright
1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
Premium Costs Variable cost Total cost
Being that they were out casted they had a huge effect on society. The focus of my investigation is how the hippies affected the United States socially in the 1960’s. The origin of this source is an article that was written by Emily Marsden and published in 2014. Its purpose is to inform people like me‚ on the Hippies Movement of the 1960’s. It is giving me information like how the Hippies started and where they started. A value from this article is that the Hippie movement helped facilitate the “new
Premium Hippie Sociology United States
Mahidul Shahel 10/25/13 Science Initial Writing Piece Designer Babies: Pros & Cons Designer Babies a.k.a. “perfect babies” are babies who have been genetically engineered and screened by scientists. This concept has raised numerous ethical issues. Are babies always meant to be perfect
Premium DNA Ethics Greek loanwords
line‚ and promote their perfect families. There were manuals to be followed‚ chores to be completed‚ and people to be pleased. Women‚ were models of society‚ often seen as porcelain dolls that could break at any moment in time. However‚ by the 1920’s women were starting to break out of the molds they were once placed in. It was a radical time‚ and women were not afraid to show the world the important change that had evolved from something much smaller. There were so many events and ideas that attributed
Premium Gender Woman Wife