answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Feliz [49]
2 years ago
13

Eaton Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produc

es 5,000 nubby tires and 10,000 smooth tires each year and incurs $172,000 of overhead costs. The following information is available:
Activity Total Cost Cost Driver
Materials handling $60,000 Number of requisitions
Machine setups 55,000 Number of setups
Quality inspections 57,000 Number of inspections
For the nubby tires, the company has 400 requisitions, 200 setups, and 200 inspections. The smooth tires require 600 requisitions, 300 setups, and 400 inspections.
Determine the overhead rate for each activity.
Business
1 answer:
saw5 [17]2 years ago
4 0

Answer:

Materials handling= $60 per requisition

Machine setups= $110 per setup

Quality inspections= $95 per inspection

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling= 60,000/1,000= $60 per requisition

Machine setups= 55,000/500= $110 per setup

Quality inspections= 57,000/600= $95 per inspection

You might be interested in
Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domesti
Andreyy89

Answer:

The growth rate of the U.S economy in 2011 was 5.65%

Explanation:

This is a simple calculation

We use this formula to calculate percent changes from one period to another:

% change = \frac{New Value - Old Vaue}{Old Value} * 100

We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:

% change = \frac{11,780 - 11,150}{11,150} * 100

% change = \frac{630}{11,150} = 0.056 * 100 = 5.65%

This means that the growth rate of the U.S economy in 2011 was 5.65%

7 0
2 years ago
A leading placement consultancy firm gathers and presents information about average compensation for attorneys, including data o
antoniya [11.8K]
Therefore, the placement consultancy firm uses pay survey to gather information. A pay survey or as called as salary survey is normally conducted to measure the organizations compensation levels with respect to the external surroundings. This is an advantage which evidently describe the exact pay for each job and the pay scale of the organization is situated that results to qualified worth of all the other jobs that are recognized with respect to the benchmark job. This is led by a well-thought-out written questionnaire, telephone surveys, newspapers, consultancy firm, and pay checks websites like naukripaycheck and glassdoor can be sources of information as well. 
5 0
1 year ago
f covered interest arbitrage opportunities do not exist, Group of answer choices interest rate parity holds. interest rate parit
kodGreya [7K]

Answer: interest rate parity holds

Explanation:

Covered interest arbitrage is a trading strategy that is used by an investor when the person whereby takes advantage of the differences in interest rate between two nations and invest in the currency that brings higher value.

If covered interest arbitrage opportunities do not exist, it simply means that interest rate parity holds.

7 0
1 year ago
Great Visions Company entered into a contract with ABC Carpet Company on January 15, 2020. The delivery date of March 1 was spec
inn [45]

Answer:

March 31, 2020

Explanation:

The accrual accounting principle states that you must record transactions in the accounting periods in which they occur, and the conservatism principle states that revenues should only be recorded when the earning process has been substantially completed.

In this case, only March 31 fulfills both requirements, since the goods were delivered on that day: same accounting period + earning process completed.

8 0
1 year ago
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were exist325,000 and its yea
Alborosie

Answer:

By how much are customers paying early or late?

  • B) 22.38

Explanation:

Days sales outstanding (DSO) represents the average number of many days it takes a business to collect its accounts receivables.

DSO = (accounts receivables / total credit sales) x 365 days

DSO = ($60,000 / $325,000) x 365 days = 67.38 days

customers are paying late by 67.38 days - 45 days = 22.38 days

8 0
2 years ago
Other questions:
  • Peggy Lane​ Corp., a producer of machine​ tools, wants to move to a larger site. Two alternative locations have been​ identified
    10·1 answer
  • Jervis sells $75,000 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 5% f
    11·1 answer
  • Waller Co. paid a $0.137 dividend per share in 2000, which grew to $0.55 in 2012. This growth is expected to continue. What is t
    7·1 answer
  • Gary Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time. To determin
    9·2 answers
  • 3. Bob, a minor, contracted with Pioneer Temporary Staffing Agency, LLC, an employment agency, for the agency to find a job for
    11·1 answer
  • Filter the data in place so that only rows where the category value is meals and the cost value is greater than 20 are shown. th
    14·1 answer
  • Darrell is the owner of a furniture store. Last year, his total revenue was $525,000 and his total labor costs were $200,000. Hi
    9·1 answer
  • A 55 year-old supervisor at a private company, who has always received good performance appraisals, is nevertheless fired. Two y
    14·1 answer
  • Raktida is the manager a popular Italian Restaurant on Mott Street. She wants to predict her guest counts for the first week of
    10·1 answer
  • Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business,
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!