The answer is 385.
An organization's overhead charge is set at $14 for each machine hour. job are 846 and uses 27.5 machine hours. overhead allocated to job 846 will be $385.
$14×27.5= $385.
<h3>What Is the Overhead Rate?</h3>
A cost associated with the creation of a good or service is the overhead rate. The cost of the corporate headquarters is an example of an overhead expense that is not directly tied to output. In order to distribute or allocate the overhead costs depending on particular metrics, an overhead rate is applied to the direct production-related costs. Allocation factor plus indirect expenses equals overhead rate. The overhead rate is determined based on a specified time frame. Therefore, adding up your weekly indirect or overhead costs would allow you to calculate the indirect costs for a week.
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Marginal revenue for the perfectly competitive seller is constant and <u>equal to</u> the price, whereas for the monopolist it is not constant and reflects the necessity of <u>lowering </u>the price to sell the output.
A monopoly, as defined with the aid of Irving Fisher, is a market with the "absence of opposition", developing a situation in which a specific person or organization is the only supplier of a particular component. Natural gas, strength companies, and different application businesses are examples of natural monopolies. They exist as monopolies due to the fact the value to go into the enterprise is excessive and new entrants are unable to provide identical offerings at lower fees and in portions comparable to the present company.
A monopoly is when one organization and its product dominate an entire enterprise wherein there is little to no competition and customers need to purchase that particular excellent or service from one organization.
A monopolist is a man or woman, group, or agency that controls the market for a particular desire or provider. A monopolist likely also believes in regulations that prefer monopolies since it offers them extra power. A monopolist has little incentive to improve its product because clients have no options.
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A risk assessment grid is used to describe the overall process or method where you: identify hazards and risk factors that have the potential to cause harm. You also analyze and evaluate the risk associated with that hazard.
(Ex: Qualitative and Quantitative)
