Joseph Davis Worked 44 Hours Last Week for Breakgood Manufacturing

question 291

Multiple Choice

Joseph Davis worked 44 hours last week for Breakgood Manufacturing.Of the 44 hours,4 hours were considered overtime,and also Davis was idle for 5 of the 44 hours due to an equipment malfunction.Davis makes $20 per hour and is paid $30 an hour (time and a half) for overtime.Davis' total compensation for that week would be ________,and assuming Breakgood charges overtime premium and idle time to indirect labour,the amount of this compensation credited to indirect labour would be ________.

• A)$920;$40
• B)$840;$140
• C)$840;$40
• D)$920;$140

Understand the computation and impact of changes in net working capital on project valuation.

Comprehend the effects of corporate tax rates on depreciation tax shields and project valuations.

Recognize the conditions under which land, buildings, and equipment can or cannot be depreciated for tax purposes.

Grasp the significance of setting bid prices and how it affects the project NPV.

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Definitions:

Excess Quantity

The situation where the supply of a product exceeds the demand for it at a specific price point, leading to a surplus.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved.

Market Equilibrium

The state in which the supply and demand for a good or service are balanced, leading to a stable price.

Consumer Surplus

The variance between the total price consumers are ready and able to fork over for a good or service and the sum they ultimately pay.