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1 year ago

In a system that uses multiple predetermined overhead rates, overhead is applied ______.

Business

1 answer:

romanna [79]1 year ago

7 0

The answer is in each department as jobs proceed through the department.

In a system that uses multiple predetermined overhead rates, overhead is applied in each department as jobs proceed through the department.

What is a Predetermined Overhead Rate?

A predetermined overhead rate is an assignment rate that's utilized to apply the assessed fetched of fabricating overhead to fetched objects for a particular announcing period.
This rate is frequently utilized to help in closing the books more rapidly, since it maintains a strategic distance from the compilation of real Predetermined overhead costs as portion of the period-end closing handle.
In any case, the contrast between the real and evaluated sums of overhead must be accommodated at slightest at the conclusion of each monetary year.
Larger organizations may utilize a diverse Predetermined overhead rate in each generation division, which tends to move forward the accuracy of overhead application by utilizing a better level of exactness.

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Explanation:

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3 years ago

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Sugar Corp has a selling price of $25, variable costs of $10 per unit, and fixed costs of $30,000. Maple expects profit of $305,

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Answer:

Profits will be $22.495 higher.

Explanation:

Profit is the difference between sales and cost

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First we have to get the sales when we have $305,000 of profit.

Profit -Fixed cost= price* sales -(Variable cost * sales)

Profit -Fixed cost= (price -Variable cost) * sales

(Profit -Fixed cost)/(price -Variable cost) = sales

Sales=(Profit -Fixed cost)/(price -Variable cost)

Sales=(305,000 -30,000)/(25 -10)

Sales=275,000/15=18.333

If Sugar sells 5,500 units more than expected

Then, new sales are:

Sales=18.333+5,500=23.833

Profit= price* sales -((Variable cost * sales) +Fixed cost)

Profit²= 25* 23833 -((10 * 23833) +30000) =327.495‬

Improvement= Profit -Profit²=$305,000-327.495‬= $22.495

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4 years ago

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Answer:

Dave is taxed on $109,500 of plumbing income this year.

Explanation:

Dave is the plumber who worked and got paid $109,500 during the year so he should be taxed for it. The fact that Dave made his clients make their checks payable to his son Steve doesn't change the fact that Steve didn't perform any work and the money is part of Dave gross income.

E.g. Dave could have asked a client to write a check payable to a car dealer in order to pay for maintenance services performed on Dave's car, but it would still be Dave's income.

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4 years ago

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The inerseption of PPF curve on the X & Y axis indicates the maximum quantities which can be produced when all the inpts are devoted to the production of that product only

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