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2 years ago

Under the market system, ______ coordinate the decisions made by households and businesses.

Business

1 answer:

MakcuM [25]2 years ago

7 0

Under the market system, prices coordinate the decisions made by households and businesses.

<h3>What is a market system?</h3>

It should be noted that a market system simply means an economy whereby the individual makes choices in the market and decisions.

In this case, under the market system, prices coordinate the decisions made by households and businesses.

Learn more about market system on:

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Assume that Roth’s accountants are expected to work a total of 8,000 direct labor hours in 2018. Roth’s estimated total indirect

xz_007 [3.2K]

Answer:

$12 and $180

Explanation:

The computation of the predetermined overhead rate is shown below:

As we know that

The predetermined overhead rate is

= Estimated total indirect cost ÷ expected direct labor hours

= $96,000 ÷ 8,000

= $12

And, the indirect cost is

= Predetermined overhead rate × number of hours

= $12 × 15

= $180

We simply applied the above formula

8 0

3 years ago

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

denis23 [38]

Answer:

Orlando Company

Indication of the missing amount for each letter:

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h) and i) = $149,850 ($213,000 - $63,150)

$149,850 = 185% (100 + 85%)

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Explanation:

a) Data and Calculations:

Job 1 Job 2 Job 3

Direct materials used $(a) $83,000 $63,150

Direct labor 50,000 140,000 (h)

Manufacturing overhead applied 42,500 (d) (i)

Total manufacturing costs 145,650 (e) 213,000

Work in process 1/1/14 (b) 15,500 18,000

Total cost of work in process 201,500 (f) (j)

Work in process 12/31/14 (c) 11,800 (k)

Cost of goods manufactured 192,300 (g) 222,000

Job 1 Job 2 Job 3

Direct materials used $53,150 $83,000 $63,150

Direct labor 50,000 140,000 81,000

Manufacturing overhead applied 42,500 119,000 68,850

Total manufacturing costs 145,650 342,000 213,000

Work in process 1/1/14 55,850 15,500 18,000

Total cost of work in process 201,500 357,500 231,000

Work in process 12/31/14 9,200 11,800 9,000

Cost of goods manufactured 192,300 345,700 222,000

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h and 1 = $149,850 ($213,000 - $63,150)

$149,850 = 185%

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

6 0

2 years ago

According to the Core Reading, which of the following is NOT a threat presented by rising income inequality? Select one: a. High

Vilka [71]

Answer:

Option B

Explanation:

In simple words, Income inequality refers to the severe imbalance in wealth levels typically in the possession of a limited minority of a community with a large accumulation of wealth.

If wealth disparity exists, there is indeed a wide difference in the resources of one group of the society and that of another. Specific forms of discrimination and study of wage differences should be used to explain economic inequality.

Thus, from the above we can conclude that the correct option is B .

4 0

3 years ago

When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cos

Andrews [41]

The given statement " When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cost packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications " is TRUE.

Explanation:

The marketing mix relates to the series of measures or strategies used by a corporation to sell a commodity or product on the marketplace.

The 4Ps represent a traditional marketing blend, including price ,product ,promotion and place.

Define the firm's Single Sales Proposal (USP).
Describe the brand target audience.
Define in depth the element.
Develop a product pricing plan.
Recognise the market location of the product. Specify the advertising techniques you are using for the product.

5 0

3 years ago

Bart wants to know whether skateboarders have faster reactions than non-skateboarders. He recruits 25 skateboarding teenagers, a

denpristay [2]

Answer:

Cross Sectional Quasi-Experiment

Explanation:

Based on the information provided within the question it can be said that the type of design that Bart is using in this scenario is a Cross Sectional Quasi-Experiment. This is a type of experiment in which two or more different types of groups are compared at the same time in order to analyze the results and come to a conclusion of the experimental variable that is being researched. Which in this case would be "who has better reaction time.".

7 0

3 years ago