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statuscvo [17]
2 years ago
4

Prayer Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and co

mputes a predetermined overhead rate in each production department. The Machining Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours.
At the beginning of the current year, the company had made the following estimates:

Machining Customizing
Machine-hours 19,000 13,000
Direct labor-hours 1,000 8,000
Total fixed manufacturing overhead cost $110,200 $68,800
Variable manufacturing overhead per machine-hour $2.00
Variable manufacturing overhead per direct labor-hour $3.60

The estimated total manufacturing overhead for the Machining Department is closest to:

a) $148.200. b) $299,725. c) $38,000. d) $110,200.
Business
1 answer:
docker41 [41]2 years ago
8 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Machining

Machine-hours 19,000

Total fixed manufacturing overhead cost $110,200

Variable manufacturing overhead per machine-hour $2.00

We need to use the following formula:

Estimated overhead= fixed costs + total variable costs

Estimated overhead= 110,200 + 2*19,000

Estimated overhead= $148,200

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Ivanshal [37]

Answer:

a) & b) are true. c) & d) are false.

Explanation:

WTO is an international (intergovernmental) organisation, supervising international trade between countries.

a) is true. It seeks to establish impartial procedures for resolving trade disputes among its members.

It seeks to reduce remaining trade barriers through multilateral negotiations, b) is true

c) is false. It is headquartered in Geneva, Switzerland (not Belgium)

d) is false. Existence of the WTO has allowed most member countries to replace their local currencies with a universal currency beginning in 2002. It is an international trade organisation, not monetary policy organisation.

5 0
2 years ago
In 2006, consumers held on to a 2007 Chevrolet Monte Carlo at the State Fair of Texas in an endurance competition that tested co
Semmy [17]

Answer:

b. Advertising  promotional activity

Explanation:

Advertising promotional activity -

Promotional activity is employed , in order to publicize about the goods and services produced by a company or firm , is referred to the method of promotional activity .

The promotional activity can be done by various methods , like television , radio , newspaper etc .

Advertising promotional activity , is the most common and one of the cheapest form of promotional activity , which is done with the help of online as well as offline platform , like newspaper , websites , ,magazines etc .

Hence , from the given scenario of the question ,

The correct option is b. Advertising  promotional activity .

4 0
2 years ago
Excerpts from hulkster company's december 31, 2018 and 2017, financial statements are presented below: 2018 2017 accounts receiv
Rudik [331]

<u>Calculation of Hulkster's 2018 return on shareholders' equity:</u>


Return on shareholders' equity can be calculated with the help of following formula:

Return on shareholders' equity=  Net Income / Average shareholders' equity


Following information is available:

Net Income for the year 2018 =$41,500

Shareholders' equity 2018 = $252,000

Shareholders' equity 2017 = $231,000

Average shareholders' equity = (252000+231000) /2 = $241,500


Return on shareholders' equity for 2018 =  41500/241500 = 0.1718 =17.18%


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7 0
2 years ago
Drag each label to the correct location on the table.
Tresset [83]

Answer:

The explanation of this question is given below in the explanation section.

Explanation:

In this question, two different scenerios are given regarding two different economic theory. First, we will know that what is Keynes and Hayek economic theory and then do drag the label to correct situation.

Keynes's economic theory

This theory says the government should increase demand to boost growth. Keynesians believe consumer demand is the primary driving force in an economy. As a result, the theory supports expansionary fiscal policy. Its main tools are government spending on infrastructure, unemployment benefits, and education. A drawback is that overdoing Keynesian policies increases inflation.

Hayek's economic theory

This thoery says that how changing prices relay information that helps people determine their plans is widely regarded as an important milestone achievement in economics

Hayek says that markets will heal themselves and that government should not intervene. Keynes says that governments should intervene in order to soften the blow of a depression/recession.

So, the correct labels for these scenerios are:

Keynes:

A small Caribbean island's economy depends  on tourism. However, in recent times, it has seen  much less economic activity. Its government decides  to let the market correct the situation.

Hayek:

Flour prices have risen in a country where bread is a  staple part of the diet. As a result, bread prices have  risen tremendously. In an effort to make bread affordable  for its citizens, the government has limited how much

bakers can charge for bread.

4 0
2 years ago
Read 2 more answers
Petrini Corporation makes one product and it provided the following information to help 20) prepare the master budget for the ne
Vitek1552 [10]

Answer:

C) $1,166,000

Explanation:

The sales budgeted will be

unit sales budgeted x unit sales price

we look into the assignment for these numbers:

  • February sales 10,600 units
  • unit sales price $110

And calcualte: 10,6000 units x $110 sales price

Total sales revenue for the month of February 1,166,000

The rest of the data is irrelevant for the question we are given thus, we ignore it.

5 0
2 years ago
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