In 2013, you buy shoes for $2 a pair and socks for $1 a pair, and your income is $30, with which you buy 12 pairs of shoes and 6 pairs of socks. in 2014, you buy shoes for $1 a pair and socks for $2 a pair, and your income is still $30.
a. draw both years’ budget lines. notice that they cross at the point (10,10).
b. true or false: in 2014, you will surely buy more than 10 pairs of shoes.
c. true or false: in 2014, you will surely buy more than 12 pairs of shoes.
Answers: 2
Business, 22.06.2019 21:30
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Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to:
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