Answer:
Results are below.
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (624,000/80,000) + 3.1
Predetermined manufacturing overhead rate= $10.9 per machine hour
Job M598:
Number of units in the job 60
Total machine-hours 300
Direct materials $645
Direct labor cost $9,000
Total cost= 645 + 9,000 + 300*10.9
Total cost= $12,915
Unitary cost= 12,915/60= $215.25
<u>Finally, the selling price per unit:</u>
Selling price= 215.25*1.4= $301.35
Answer:
The minimum the company must charge for fire insurance policies in California subdivision is $2,252.
Explanation:
We have the chance of a wildfire destroying all the homes in the subdivision is: 1/41 or nearly 2.44%.
The minimum the company must charge for fire insurance and still maintain a positive expected value is calculated as:
The average cost to build a home in the subdivision * the chance of a wildfire destroying all the homes in the subdivision = 92,297 * 2.44% = $2,252.
So, the answer is $2,252.
Answer and Explanation:
The computation of the dollar markup and the selling price is shown below
The dollar markup is
= $590 × 20%
= $118
And, the selling price
= Cost + dollar markup
= $590 + $118
= $708
hence, the same would be relevant and considered too
The answer is D:both A and B
the economy predicts what happens to the financial market. Example the 2008 recession happened because of the economy lot of people were losing jobs and defaulted on their mortgages which caused the 2007 real estate crash.
