Answer:
Instructions are below.
Explanation:
Giving the following information:
1. We weren't provided with enough information to calculate the plantwide predetermined overhead rate. <u>But, I can provide the information required as an example and the formulas necessary.</u>
Estimated overhead= 1,200,000
Estimated machine-hours= 350,000
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,200,000/350,000
Predetermined manufacturing overhead rate= $3.43 per machine hours.
2. Job 400:
Direct materials $320
Direct labor cost $240
Machine-hours used 36
Total manufacturing cost= 320 + 240 + 36*3.43
Total manufacturing cost= $683.48
3. Job 400= 50 units
Unitary cost= 683.48/50= $13.67
4. Moody uses a markup percentage of 120% of its total manufacturing cost
Selling price per unit= 13.67*1.2= $16.404
<span>middle-aged. Some contributing factors to this are: a) after children grow up, some couples no longer have a common goal. b) infidelity, typically involving a younger person that brings excitement. c) people are living longer, so some people want to get out now rather then spend the additional years in misery.</span>
Answer:
The correct answer would be, $70500
Explanation:
Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:
Beginning Raw Material Inventory: $5000
Raw Material Used: $71500
Ending Raw Material Inventory: $6000
Raw Material Inventory Turnover:
Beginning Inventory + Raw Material Used - Ending Raw Material
= 5000+71500-6000= $70500
Answer:
C, Raises aggregate expenditure by raising liable income, thereby increasing consumption.
Explanation:
Tax is a very important financial tool of any governmet to ensure its smooth running.
Tax can either be increased or decreased and each of these acts have their effects on the the counrty and on its people. For the purpose of this question, i will be sticking to tax decrease.
Tax decrease as the name implies is the reduction of taxes paid by individuals to the government from their taxable incomes.
When tax is reduced, there is a little more money for the people to spend and as such this affects the demand, consumption (of goods) as well as the gross domestic profit; GDP, of the country.
When the people have more money to spend, there is an increase in things they buy, wear, do, etc and so production in that country becomes high.
Tax decrease is most effective in a situations where there is high level of unemployment and slow paced economies.
cheers.
