A Small Engine Repair Shop Purchased Materials Costing $9,000 in July

question 138

Multiple Choice

A small engine repair shop purchased materials costing $9,000 in July. The beginning inventory of material parts was $4,500 and the ending inventory of material parts was $4,000. Payments for direct labor for July totaled $27,000, secretarial costs were $2,000, and overhead of $5,000 was incurred. In addition, $5,000 was spent on advertising and $2,000 for the franchise name. Revenue for July was $50,000.
What is the gross margin for July?

• A)$41,500
• B)$43,500
• C)$1,500
• D)$8,500

Differentiate between various single-phase motor types based on their starting and running components.

Comprehend the role and limitations of the start capacitor and centrifugal switch in single-phase motors.

Understand the basic principles and functioning of electric induction motors.

Recognize the significance of synchronous and asynchronous speeds in induction motors.

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