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tankabanditka [31]
1 year ago
9

One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors. True or false?.

Business
1 answer:
Vika [28.1K]1 year ago
3 0

It is a true statement that one of use of a predetermined overhead rate is to eliminate the effect of seasonal factors.

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

It is also known as a plant-wide overhead rate. It refers to the calculation that is used to determine how much of the total manufacturing overhead cost will be attributed to each unit of product manufactured. This overhead rate is determined by dividing the fixed overhead cost by the estimated number of direct labor hours.

In conclusion, it is a true statement that one of use of a predetermined overhead rate is to eliminate the effect of seasonal factors as it accounts and plans against such seasonal risk.

Read more about predetermined overhead rate

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If the cpi is 120 in year 1 and 150 in year 2, then the rate of inflation from year 1 to year 2 is:
mixas84 [53]
The inflation can be measured by the percentage of change in the CPI.

From the givens:
The change between year 1 and year 2 = 150 - 120 = 30
Now, the percentage of change can be calculated as follows:
% of change = (change in CPI/original CPI) * 100
% of change = (30/120) * 100 = 25%

From, the definition, inflation is measured as the percentage in change of CPI, therefore, inflation = 25%
4 0
4 years ago
Which of the following represents the three general categories into which the key components of effective teams are grouped?A) i
Nataly [62]

Answer: The statement "D) context, composition, and process factors" represents the three general categories into which the key components of effective teams are grouped.

Explanation: Context: obtaining adequate resources, effective leadership, a climate in which confidence abounds and performance control and rewards that demonstrate the contributions of the team are the factors of the context that are related to the operation of the team.

Composition: These are the variables that are taken into account when establishing the way in which the equipment should be integrated. The capacity and personality of the members, the size of the group, the roles and the flexibility of the working group are taken into account.

The factors of the process are the effectiveness of the team, conflicts at a manageable level, the commitment of each participant in the group for a common purpose and set goals for the team.

7 0
3 years ago
"Charles Dow was the original editor of the Wall Street Journal. He was the originator of​ ""Dow Theory,"" which holds that the
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Answer:

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Download docx
6 0
4 years ago
Problem E3-14December 31, unadjusted trial balance for Demon Deacons Corp.Accounts Debit CreditCash $10,000 Accounts Receivable
djverab [1.8K]

Answer:

rent expense        2400

  Prepaid Rent        2400

--expired rent--

Deferred Revenue  750

Service Revenue           750

--acrued revenue--

Salaries expense 700

salaries payable          700

--accrued salaries--

Supplies               3200

supplies expense      3200

--supplies used--

The trial balance is attached.

Explanation:

a) 7,200 is the contract value for 6 months

we divide by 6 month and then, we multiply by 2 month accrued for the year (november and december)

b)we decrease the portion earned and recognize the gain

c) we recognize a liability and the wages expense associate for this wages

d) the difference between the book value and supplies on hand will be considered consumption so, supplies expense

For the ajusted trial balance, we will adjust the balance of eahc account considering the beginning balance

8 0
3 years ago
Phoenix Company’s 2017 master budget included the following fixed budget report. It is based on an expected production and sales
djverab [1.8K]

Answer:

According to the flexible budget, income from operations will increase from $557,000 to $915,000 if the units sold increase from 15,000 to 18,000 during 2017.

Explanation:

sales revenue should increase to                         $4,050,000

cost of goods sold should increase to:                ($2,237,000)

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  • machinery repairs $54,000
  • depreciation (fixed) $315,000
  • utilities $228,000
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gross profit                                                              $1,813,000

S&A expenses increase to:                                   ($898,000)

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  • shipping $108,000
  • sales salaries (fixed) $260,000
  • advertising expense (fixed) $127,000
  • adm. salaries (fixed) $241,000
  • entertainment (fixed) $90,000

income from operations                                          $915,000

4 0
3 years ago
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