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Alisiya [41]
3 years ago
12

The three major types of firms in the united states are called

Business
1 answer:
Nina [5.8K]3 years ago
5 0
The three major types are;
1. Partnerships
2. Corporations
3. Sole proprietorship

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Which of the following statements are true concerning the predetermined overhead rate when the direct labor-hour requirement for
In-s [12.5K]

Answer: The predetermined overhead rate increased because the total direct labor-hours dropped

Explanation:

The predetermined overhead rate refers to an allocation rate which is used in applying the estimated manufacturing overhead cost to the cost objects for a particular reporting period.

When there's reduction in the direct labor-hour requirement from 5 hours to 2 hours, the predetermined overhead rate increased because the total direct labor-hours dropped

The predetermined overhead rate is calculated as the total overhead cost divided by the machine hour. Therefore, if there's reduction in the direct labor hour rate, then there will be a rise in the predetermined overhead rate.

6 0
3 years ago
The following monthly data are available for Coronado Industries. which produces only one product: Selling price per unit, $38;
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Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit= $38

Unit variable expenses= $14

Total fixed expenses= $42,000

Actual sales for June= 3000 units.

First, we need to calculate the break-even point in dollar using the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 42,000/ [(38 - 14)/38]

Break-even point (dollars)= $66,500

Now, we can calculate the margin of safety in dollars:

Margin of safety= (current sales level - break-even point)

Margin of safety= (3,000*38 - 66,500)

Margin of safety= (114,000 - 66,500)

Margin of safety= $47,500

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3 years ago
__________ begins with new-product purchases first by innovators and then by early adopters.
elena-s [515]

Diffusion of innovation

4 0
3 years ago
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3 years ago
Hutton Industries wants to hire an intermediary to help with the distribution of its products. Management needs an intermediary
Dmitrij [34]

Answer: (B) Manufacturer agent

Explanation:

A manufacturer agent is refers to the independent sales agent in an organization.

The responsibility of a manufacturer agent is that it is an intermediary an organization as it helps in the product distribution process.

It mainly control all the promotional and the proving decision of the products in an organization and also represent organization as the seller. According to the given question, the company should hire the manufacturer agent.  

Therefore, Option (B) is correct.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

3 0
3 years ago
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