You need to ask your parents about this question
Answer:
$21.65
Explanation:
The computation of the standard cost is shown below:
= Material cost + labor cost + factory overhead cost
where,
Material cost = 3 ÷ 4 × $5 per yard
= $3.75
Labor cost = 2 hours × $5.75 = $11.5
And, the factory overhead cost is
= $3.20 × 2 hours
= $6.4
So, the standard cost is
= $3.75 + $11.5 + $6.4
= $21.65
Capital.
Capital goods are those goods that are used for further production of other commodities. They are used in the future for purpose of productivity. These goods have derived demand and helped in raising the productive capacity of the business.
Answer:
C. $258,000.
Explanation:
The computation of the net income reported is shown below:
= Gambling winnings - Travel costs - Office expenses - Supplies - Business long-distance phone charges
= $275,000 - $8,000 - $5,000 - $3,000 - $1,000
= $258,000
For computing this we ignored the illegal cost related to the illegal parking and the illegal information
Answer:
a. other countries have a comparative advantage over Vietnam and Vietnam will import textiles.
Explanation:
A country has comparative advantage if it produces a good or service at a lower opportunity cost when compared to other countries.
The price of textile in Vietnam is higher when compared with other countries, this shows that Vietnam doesn't have a comparative advantage in the production of textile.
Vietnam should import textiles and use its resources to produce other goods for which it has a comparative advantage.
I hope my answer helps you.