If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

Ira Lisetskai [31]

Answer:

$160,637.40

Explanation:

Calculation for the applied manufacturing overhead for the year

First step is to find the Predetermined overhead rate using this formula

Predetermined overhead rate=Estimated manufacturing overhead÷Estimated machine-hours

Let plug in formula

Predetermined overhead rate=157,150÷4,520

Predetermined overhead rate= 34.77

Last step is to calculate for the Applied Manufacturing overhead for the year using this formula

Applied manufacturing overhead for the year = Actual machine-hours*Predetermined overhead rate

Let plug in the formula

Applied manufacturing overhead for the year=

4,620*34.77

Applied manufacturing overhead for the year=$160,637.40

Therefore the applied manufacturing overhead for the year is closest to:$160,637.40

7 0

2 years ago

the insured under a $1000000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accide

mart [117]

Answer:

A triple indemnity rider establishes that the insurance company will pay double or triple (depends on the accident and the specifics of the policy) the original insurance amount in case the insured dies from an accident as long as the insured was not responsible for the accident. In this case, since the insured was responsible for causing the accident, his family will receive the face value of the policy ($1,000,000) and the triple indemnity rider clause will not be enforced.

3 0

2 years ago

Samson Corporation sold the following during the year: Two delivery trucks purchased in March 2016 for $78,000 are sold in June

Marta_Voda [28]

Answer:

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

Explanation:

As for the provided information we have,

Sale of Trucks within a few months, as purchased in March and sold in June, therefore,

Sale price - Carrying value = $70,000 - $78,000 = -$8,000

Therefore, it is short term capital loss

Sale of land which is 5 years old, therefore, it will be long term.

Sales price - Carrying value = $400,000 - $80,000 = $320,000

Long term capital gain = $320,000

Machines are old and now depreciated, thus it will be long term

Sale price - carrying value = $75,000 - $200,000 = - $125,000 Long term capital loss

Building purchased 8 years ago will be long term in nature, therefore,

Sale price - carrying adjusted basis = $425,000 - $300,000 = $125,000 Long term capital gain.

Final Answer

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

7 0

2 years ago

organizations can gain competitive advantage simply by matching their competition in terms of cutting cost and responsiveness to

Zepler [3.9K]

True, all business live on competition. Whatever other's may have they compete to make theirs better than the other to make a profit

3 0

3 years ago

Read 2 more answers

In the country of Lumberne, citizens campaigned against the sanction of a new factory that was about to be built in the vicinity

bekas [8.4K]

Answer: (B) Civil society

Explanation:

The civil society is one of the type of organization in which the various types of collective actions are taking place in order to share the common values and interests.

It basically enhance the services and the used in the decision making process based on the public and the economical rights.

According to the given question, the civil society is one of the part of citizen campaigned that is against sanction of the new factory that start building in the residence area.

Therefore, Option (B) is correct answer.

6 0

2 years ago