Wilson Custom Cabinetry makes cabinets to order and prices the completed jobs at product cost plus 40%. Recently, Wilson finished a job and billed the customer $560. If direct materials for the job cost $130, and direct labor cost $180, what was the applied overhead for the job?
A) $250
B) $179
C) $350
D) $400
E) $90
E
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Indicate whether the statement is true or false
Determine which statement defends the idea that private employers do not have an obligation to provide jobs for others.
A. Employers have rights, although limited, to property and also have their own right to work. B. Everyone needs a job to be able to satisfy his or her instrumental and psychic needs. C. The economic system of a society exists, fundamentally, for the well-being of that society's members. D. If citizens have a right to a job to fulfill their instrumental and psychic needs, then some public institution has the obligation to provide those jobs. Private employers can fulfill that obligation more efficiently than government.
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A) tangible services performed on the customer B) intangible services performed indirectly on the customer C) tangible goods delivered to the customer D) tangible services performed on the customer's possessions E) intangible services performed on the customer's possessions