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2 years ago

When all overhead is assigned using direct-labor hours, the company has chosen to use a(n)?

1 answer:

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When all overhead is assigned using direct-labor hours, the company has chosen to use a(n) plantwide overhead rate.

This is further explained below.

<h3>What is overhead?</h3>

Generally, Overheads are expenses incurred by a company that are necessary for maintaining its regular operations. Overheads, in contrast to operational expenditures, are not allocated to individual cost centers or functional areas of a company.

As an alternative, they serve to bolster the company's primary revenue drivers.

In conclusion, The company has decided to use a(n) plantwide overhead rate whenever overhead costs are distributed proportionally across production based on the number of hours of direct labor expended.

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Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom

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Answer:

ROI = Net operating income x 100

Average operating assets

ROI = $1,924,320 x 100

$6,000,000

ROI = 32.1%

The correct answer is C

Explanation:

ROI is the ratio of net operating income to average operating assets multiplied by 100.

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3 years ago

When price decreases, quantity increases. Price elasticity of demand measures how much ________.a. The price decreasesb. The pri

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Answer:

Price elasticity of demand measures how much the quantity increases when price decreases.

Explanation:

Price elasticity is the percentage change in the quantity demanded, divided by the percentage change in the price.

If the percentage in the change in the quantity demanded is bigger than the percentage in the change of the price we talk about elastic demand.

If the percentage in the change in the quantity demanded is smaller than the percentage in the change of the price we talk about inelastic demand.

And if he percentage in the change in the quantity demanded is excatly the same than the percentage in the change of the price we talk about unit elastic demand.

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3 years ago

Automatic stabilizers smooth fluctuations in the economy because they produce changes in the government's budget that: A. Reinfo

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Answer:

The correct answer is B. Help offset changes in GDP.

Explanation:

In addition to the discretionary fiscal policies, through which the authorities actively decide to adjust spending or income in response to changes in the economic cycle, the variations that occur in these items must be taken into account without the need for governments Make new decisions. In the latter case, the changes respond to the role of automatic stabilizers.

Automatic stabilizers are those items of public budgets that are automatically altered, hence their denomination, as a result of changes in the level of economic activity. On the income side, it is worth pointing out the main stabilizers are the taxes that tax corporate profits, the income of workers or the consumption of goods and services; On the expense side, unemployment benefits, which support the income of families in times of increased unemployment, are one of the most relevant stabilizers.

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3 years ago

The commission on the sale of a house is $9,410, and 30% goes to the broker who listed the property. Of the remainder, the broke

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Answer:

$2,349.5

Explanation:

The total commission on sale of the house is $9,410

Broker who listed collected 30% = 30% * $9,410 = $2,823

Broker whose sales associate completed the transaction gets 45% = 45% * $9,410 = $4,234.5

Sales associate who made the sale will receive = $9,410 - $2,823 - $4,234.5 = $2,349.5

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4 years ago

Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines

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Answer:

Adjusted cash balance is $ 60,224.

Explanation:

Detailed steps of solution are below

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3 years ago