Answer:
overhead applied to the job.
Explanation:
The formula to determine the predetermined overhead rate is given below:
Predetermined overhead rate is
= Estimated manufacturing overhead ÷ estimated activity level
Now when the predetermined overhead rate calculated after that we multiplied the rate with the actual allocation base in order to determine the applied overhead to the job
Answer:
c. $(271,900)
Explanation:
Given that:
Operating loss = $490000,
regular depreciation = $190,000,
E&P depreciation = $30,000,
first year expensing under §179 = $59,000,
Dividends deduction = $10900
The first year expensing under §179 must be capitalized and amortized over 5 years that is $11800 per year ($54000/5)
The earnings and profit for 20X3 = Operating loss - (Regular depreciation - E&P depreciation) - (First year expensing - expensing per year) - Dividends deduction.
The earnings and profit for 20X3 = $490000 - ($190000 - $30000) - ($59000 - $11800) - $10900 = $490000 - $160000 - $47200 - $10900 = $271900
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Answer: Uncle John's
Absolute advantage refers to the ability of a firm, business or a country to produce a greater quantity of a product or service using the same quantum of resources relative to others. When a firm is able of produce a greater quantity of a product or service, it can sell goods a price that is lower than its competitors and hence can sell more units of the product.
In this case, Uncle John’s sold the maximum number of cookies (125), hence it has an absolute advantage.
