How does the following situation SHIFT the demand curve for an ice cream shop in a small town? A cup cake shop opens down the bl
1 answer:
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Answer and Explanation:
1.
The direct labor overhead rate using the direct labor hours is shown below:-
Direct labor overhead rate = Total overheads ÷ Direct labor hours
= $220,800 ÷ 1,725
= $128
b. The machine hour overhead rate using the machine hours is
= Total overhead ÷ Machine hours
= $220,800 ÷ 4,600
= $48
2.
The factory overhead costs using direct labor hour is
Particulars Automobile Valve Wheels Total
bumpers covers
Direct labor
hours 730 480 515
Overhead rate $128 $128 $128
Total $ 93,440 $61,440 $65,920 $220,800
For determining the total overhead we simply multiply the direct labor hours with overhead rate.
The factory overhead costs using machine hour is
Particulars Automobile Valve Wheels Total
bumpers covers
Machine hours 1,970 1,270 1,360
Overhead rate $48 $48 $48
Total overhead $94,560 $60,960 $65,280 $220,800
For determining the total overhead we simply multiply the machine hours with overhead rate.
Answer: Washington to exchange apples with Texas and receive money in return.
Explanation:
The picture relating to the question has been attached.
From the question, we are informed that Michigan has surplus autos, and wants lettuce. Texas has surplus lettuce and wants apples. Washington has surplus apples and wants autos.
If trade occurs among the three states, Washington will exchange its apples with Texas since it has surplus apples and Texas also want apples. Of the three states, it is only Washington that has surplus apples so it can exchange with Texas for money.
Answer:
intrinsic value of SCI’s shares is $33.28 per share
Explanation:
given data
dividend (D₀) = $1.92 per share
constant rate (g) = 4.00% per year
required return (rs ) = 10.00%
to find out
intrinsic value of SCI’s shares
solution
we know that intrinsic value is here express as
intrinsic value = current dividend × ( 1+ growth rate ) ÷ ( required rate - growth rate ) .............................1
put here value we get
intrinsic value =
intrinsic value = 33.28
so intrinsic value of SCI’s shares is $33.28 per share