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AURORKA [14]
2 years ago
7

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning

of the year, it estimated that 20,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123,900 and its actual total direct labor was 21,000 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)
Business
1 answer:
mojhsa [17]2 years ago
7 0

Answer:

Predetermined overhead rate= $6.7

Explanation:

Giving the following information:

Estimated that 20,000 direct labor-hours.

Estimated $94,000 of fixed manufacturing overhead cost.

Variable manufacturing overhead of $2.00 per direct labor-hour.

Harris's actual manufacturing overhead cost for the year was $123,900 and its actual total direct labor was 21,000 hours.

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

Predetermined overhead rate= (94000+ 2*20000)/20000

Predetermined overhead rate= $6.7

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lisabon 2012 [21]

Answer:

FV =  2,621,048.23

Explanation:

we will calcualte the future value of an annuity with an geometric progression:

\frac{(1+r)^{n} -(1+q)^{n}}{r - q} = FV

g 0.03

r 0.092

C 5,356 ( we will save next year (52,000 x 1.03) the 10% )

n 39 (we start saving next year)

\frac{(1+0.092)^{39} -(1+0.03)^{39}}{0.092 - 0.03} = FV

FV = 2,400,227.319

As we deposit at the first day of the year this will be an annuity-due so we will multiply by (1 +r)

FV =  2,621,048.23

3 0
1 year ago
Read 2 more answers
Oversight Inc.’s board of directors votes to empower corporate officers to make decisions regarding ordinary, daily corporate af
stich3 [128]

Answer:

Option B                          

Explanation:

The given case relates to the method of delegation. Under the method of delegation the senior employees of the organisations transfers their workload to some junior level employees with a significant to full level of authority. However, the responsibility for any mistake or delay of work still relies with the managers who delegates work.  

7 0
1 year ago
Match each situation with the most appropriate process-based motivation theory that you would apply to it as a manager.
Anuta_ua [19.1K]

Answer:

  • D (Mia realized that Jason was being overpaid) relates to Equity Theory.
  • B (Offering range of rewards) relates to Expectancy Theory.
  • A (Identifying causes of dissatisfaction) relates to Two Factor Theory.
  • C (Offering trips) relates to The Porter-Lawler Model.

Explanation:

Equity Theory: Equity theory says that employees are motivated by the amount of fair treatment they are getting in the company.

For example: A employee would be satisfied, if he is paid equal to the other employee, but will be dissatisfied if the other is overpaid despite the fact that both have the same position and qualification.

Expectancy Theory: It suggests that employees are motivated by the value of the rewards, the more the value will the more they will be motivated to work.

For example: Employee knows the worth of their own effort, and the reward they will get against those efforts should be worth it.

Two Factor Theory: Suggested by Hezberg, there are factors of satisfaction and dissatisfaction, he categorized them as, <em>Hygiene factors and Motivation factors. </em>So, it's necessary to identify them and fix them.

The porter - Lawler Model: It suggests that the motivation is caused by rewards.

For example: Company is offering high rewards which will increase the motivation of the employees.

8 0
1 year ago
An error in the ending inventory balance in Year 1 will also affect: (You may select more than one answer.)
Virty [35]

Answer:

A) Year 1 cost of goods sold

B) Year 2 cost of goods sold

D) Year 2  beginning inventory

Explanation:

A) Year 1 expense of merchandise sold : The Current year cost of Goods Sold is processed by deducting finishing stock from Opening Inventory and Purchases made during the year. So in the event that the completion stock isn't right, at that point the result of above calculation will not be right so the Year 1 expense of merchandise sold for example (Current year cost of Goods Sold) will be inaccurate.  

D) Year 2 starting stock: year 2 starting stock is equivalent to year 1 completion stock. So on the off chance that off-base stock estimation is made at end of earlier year, at that point current year opening worth will be carried on as off-base.  

B) Year 2 expense of merchandise sold: The explanation is same as ans q(i.e. Year 1 expense of merchandise sold) as off-base convey forward opening stock worth will bring about wrong calculation of cost of products sold for year 2.

6 0
1 year ago
Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 unit
klio [65]

Answer:

A.

Explanation:

An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).

It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.

4 0
1 year ago
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