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Rom4ik [11]
2 years ago
13

Compute predetermined overhead rates and explain why estimated overhead costs (rather than actual overhead costs) are used in th

e costing process.
Business
1 answer:
Crazy boy [7]2 years ago
6 0

Why estimated overhead costs (rather than actual overhead costs) are used in the costing process is explained below.

A predetermined cost is an expenditure that a company estimates ahead of time.

This cost is calculated prior to the purpose of production and includes all variable costs that affect production in a manufacturing business.

Actual overhead costs are difficult to calculate for each job, especially in a production environment with a large number of jobs.

As a result, overhead costs are allocated according to some standardized methods, which may link overhead costs to direct labor, machining time, and material used in each job.

Manufacturing overhead in a manufacturing organization refers to indirect costs that are required for production but cannot be traced back to individual products.

Machine depreciation and factory rental are two examples of manufacturing overhead costs.

Hence, computation of predetermined overhead rates is given above.

Learn more about overhead:

brainly.com/question/26082424

#SPJ4

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Roman55 [17]

Answer:

See the explanation for the answer

Explanation:

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3.

TO: SCR Support Staff and Users

FROM:  [Student name]

SUBJECT: Installation of TIMS

We need to agree on an installation plan as the deadline for implementation of TIMS approaches.

Jill Martin and I will provide practical training to all members of the SCR team who will help the TIMS campaign. We will also work with the Systems Group to move our current test environment into the operating environment. This task will include conversion of data, loading of live data and installing the system on workstations of the client.

All system functions performed in the test environment have been successfully executed, so we are looking for a smooth change in phase operation.

Make sure your email is reviewed multiple times a day. The training schedule will be posted later this week, and if there are conflicts with your assigned training times, I will need to know immediately. It's about to start the grand final.

TOPICS                                                    TRAINING METHODS

Introduction of system and                     Tutorials

overview of objectives.

Startup, log-in, and shut                          User manual

down procedures

System options and commands            Group training

System error messages                    Demonstrations and discussions

Screen details                                          Hands-on experience

System output                                         Question and answer session

Explanation of system reports,             Review a list of FAQ

summaries, etc.  

4.

Changing the TIMS system presents some problems. Since the new system is aimed at a single location with multiple activities and functions, it may not be attractive for the phased and pilot operation. Parallel operation is possible, using current data to test the new system for some period of time before the new center becomes operational. Even this method would be less than ideal because the new system is closely integrated with all training activities, records and reports.

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5 0
3 years ago
A foreign company has offered to buy 75 units for a reduced sales price of $320 per unit. The marketing manager says the sale wi
belka [17]

Answer:

an increase in the operating income by $16,322

Explanation:

The computation of the impact in the operating income is given below:

Variable cost of 75 units (1300000 × 75 ÷ 12700)   7,678

Sale price of 75 units (75 × 320)  24,000

Increase in operating income (24000 - 7678)   $16,322

hence, the impact in the operating income is that there is an increase in the operating income by $16,322

4 0
3 years ago
In 2009, Modern Electronics, Inc. produced 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 201
denis-greek [22]

Answer:

a.  Production decreased by 4 percent

Explanation:

In 2009, production: 60,000 units

Hours worked per day: 80x8= 640 hours

Productivity= 60,000/640 hours =93.75 units per day

In 2010: production: 76 500 units

Hours worked per day= 85x10= 850 hours

productivity= 76,500/850= 90  units per day

In 2010, production decreased by 3.75 per day. (93.75-90.00)

percentage decrease= (3.75/93.75) x 100=4

In 2010 production decreased by 4 percent

4 0
3 years ago
For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus
alina1380 [7]

Answer:

A. $1.5 trillion and $2.5 trillion, respectively

Explanation:

Given that

GDP = 11 Trillion

Tax = 2.5trillion

C = 7 trillion

Recall that

Private Savings = Disposable Income - Consumption

Disposable income = GDP - Tax

= 11 - 2.5

= 8.5

Private savings = 8.5 - 7

= 1.5 trillion.

National Savings = Private Savings + Budget balance

Given that

Budget balance = 1 trillion

Therefore,

National Savings = 1.5 + 1

= 2.5 trillion.

6 0
4 years ago
In economics the "problem of coordination" is best summarized as A. deciding who gets the most chocolate cake B. coordinating di
zmey [24]

Answer:

a

Explanation:

did the problem myself

7 0
3 years ago
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