1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kipish [7]
3 years ago
9

Crane Company prepared a fixed budget of 40000 direct labor hours, with estimated overhead costs of $200000 for variable overhea

d and $90000 for fixed overhead. Crane then prepared a flexible budget at 37000 labor hours. How much is total overhead costs at this level of activity?
Business
1 answer:
Ivahew [28]3 years ago
4 0

Answer:

$275,000

Explanation:

The computation of the total overhead cost is shown below:

= Variable overhead cost + fixed overhead cost

where,

Variable overhead cost equals to

= (Total estimated overhead cost ÷ fixed direct labor hour hours) × flexible budget labor hours

= ($200,000 ÷ 40,000) × 37,000

= $185,000

And, the fixed overhead is $90,000

ow put these values to the above formula

So, the value would be equal to

= $185,000 + $90,000

= $275,000

You might be interested in
Determinants of market interest rates
ollegr [7]

Answer:

1. Real risk-free rate.

2. Nominal risk free-rate.

3. Inflation premium.

4. Liquidity risk premium.

5. Liquidity risk premium.

6. Maturity risk premium.

Explanation:

Market interest rates can be defined as the amount of interests (money) paid by an individual on deposits and other financial securities or investments. The factors that typically affect the market interest rate known as the determinant of market interest rates are;

1. This is the rate on short-term U.S. Treasury securities, assuming there is no inflation: Real risk-free rate r*

2. It is calculated by adding the inflation premium to r*: Nominal risk free rate.

3. This is the premium added to the real risk-free rate to compensate for a decrease in purchasing power over time: Inflation premium.

4. This is the premium added as a compensation for the risk that an investor will not get paid in full: Liquidity risk premium.

5. This premium is added when a security lacks marketability, because it cannot be bought and sold quickly without losing value: Liquidity risk premium.

6. This is the premium that reflects the risk associated with changes in interest rates for a long-term security: Maturity risk premium.

7 0
3 years ago
Julia wanted to test out a new product for her company. She scheduled several small group lunches and learns with internal staff
KengaRu [80]

Answer: Informational

Explanation: These roles refers to the collection, dissemination and transmission of information by the manager. This role of the manager depicts how suitable a manager in decision making as the information collected is usually related to some important decision to be made.

     In the given case, Julia tries to collect all the relevant information from different sources such as staff meetings. She collected all the information with objective of making the product suitable for customer needs and preferences.

Thus, we can conclude that Julia likes to play informational role.

7 0
3 years ago
In the context of the vertical structure of a firm, a wide span of control builds a _____ organization with few reporting levels
Natali5045456 [20]

Answer:

flat

Explanation:

In a vertical structure of organization, there is a pyramidal top-down structure

whereby there would be be owner at top i.e CEO, a manager at middle section as well as supervisor and employees at the bottom section.

It should be noted that In the context of the vertical structure of a firm, a wide span of control builds a flat organization with few reporting levels.

3 0
3 years ago
The next dividend payment by Hot Wings, Inc., will be $4.25 per share. The dividends are anticipated to maintain a 3 percent gro
NARA [144]

Answer:

10.20%

Explanation:

According to the Gordon constant growth model :

value = D1 / r - g

D1 = next dividend = $4.25

r = required return

g = growth rate = 3%

value = $59

$59 = $4.25 / r - 0.03

4.25 / 59 = r - 0.03

0.072034 = r - 0.03

r = 0.102034

r = 10.20%

8 0
3 years ago
According to the consumption​ function,
anygoal [31]

Answer:

The correct answer is option A.

Explanation:

Consumer spending refers to the expenditure of households on consumer goods and services. The aggregate consumer spending depends upon the disposable income of the consumer, the real interest rate, consumer optimism and wealth.  

Consumer spending is positively related to disposable income, consumer optimism and wealth. The real interest rate is inversely related to consumer spending.

5 0
3 years ago
Other questions:
  • Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of
    6·1 answer
  • Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 2,700 units ar
    11·1 answer
  • Exercise 8-9 Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transa
    11·1 answer
  • Jake is leaving Shoe Warehouse to open his own shoe boutique. Jake currently earns $40,000 a year at Shoe Warehouse, but he is e
    11·1 answer
  • Sam Seller was worried that Barney would not perform under the contract and demanded an assurance. How many days does Barney hav
    6·1 answer
  • Powers drove a truck that his employer leased from Big Trucks. After Big repeatedly failed to respond to Powers' requests to fix
    12·1 answer
  • Leh Inc. recently borrowed $275,000 from its bank at a simple interest rate of 9 percent. The loan is for nine months and, accor
    9·1 answer
  • The time value of money reflects the fact that: a.a covenant requires the borrower to agree not to borrow any additional funds u
    12·1 answer
  • Granfield Company has a piece of manufacturing equipment with a book value of $44,500 and a remaining useful life of four years.
    15·1 answer
  • In an attempt to increase sales during a lagging economy, Marvel has expanded its movie offerings to stimulate sales in its curr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!