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lozanna [386]
2 years ago
14

The approach used when overhead is applied to jobs by multiplying a predetermined overhead rate by the actual amount of the allo

cation base incurred by the jobs is called.
Business
1 answer:
Sati [7]2 years ago
6 0

A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.

<h3>What is predetermined overhead rate?</h3>

An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.

Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.

The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.

Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.

Learn more about Predetermined overhead here:

brainly.com/question/15059078

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Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales ar
denis23 [38]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales are 10,614 units.

<u>The margin of safety is the number of units or amount of dollars that provide genuine profit to the company. It is the "margin" that gives room to try new strategies</u>.

It is calculated using the following formula:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio=  (12,200 - 10,614) / 12,200

Margin of safety ratio= 0.13=13%

5 0
3 years ago
You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is
sasho [114]

Answer: $25078

Explanation:

Firstly, we'll find the real interest rate which will be:

(1 + R) = (1 + r)(1 + h)

(1 + 10%) = (1 + r)(1 + 4.8%)

(1 + 0.1) = (1 + r)(1 + 0.048)

1.1 = (1 + r)(1.048)

r = 4.96%.

Now the annual deposit will be gotten by using the annuity future value which will be:

3 million = C(1.0496^40-1) / 0.0496

3 million = C(5.3995) / 0.0496

3 million = 119.627C

C = 3 million/119.627

C = 25078

Therefore, the real amount that must be deposited each year to achieve the goal is $25078

8 0
3 years ago
Which type of private label brand carries no evidence of a retailer s affiliation, is manufactured by a third party, and is sold
Drupady [299]

Answer:

A. A captive brand

Explanation:

-A captive brand is when a brand is produced by another party and owned by the retailer but there is no evidence of this and it is only sold by it.

-A complementary brand is when a brand is marketed together with another one to encourage the purchase of both.

-A cooperative brand is when a brand shares a promotion with another one.

-An exclusive brand is a brand that is produced by the retailer and it is sold using its name.

-A generic brand is when a product doesn't have a brand name and it has a lower price than the ones from well-known brands.

According to this, the answer is that the type of private label brand that carries no evidence of a retailer s affiliation, is manufactured by a third party, and is sold exclusively at the retailer is a captive brand.

8 0
3 years ago
How did the economic policies of the republican controlled congress redefine the character of the federal government?
leva [86]
Economic policies of the Republican controlled congress redefined the character of the federal government by changing <span> the way it was viewed as by implementing Clay's program and creating an integrated national banking system that won support by farmers, workers and entrepreneurs that bolstered the Union's ability to fight a long war. Hope this answer helps.</span>
7 0
3 years ago
Essay of market structure
ASHA 777 [7]

Market structure serves as the way the industries in the market are been classified.

<h3>What is Market structure ?</h3>

Market structure can be regarded as a structure that is used in the classification of different industry that made up a market.

The types of market structures are:

  • perfect competition
  • oligopoly market
  • monopoly market
  • monopolistic competition.

These classification is usually done base on based on their degree and nature of competition of that industry.

Learn more about  Market structure here: brainly.com/question/3010212

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4 0
2 years ago
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