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san4es73 [151]
3 years ago
7

Thach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. Th

e company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $665,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine-hours. Recently, Job T321 was completed with the following characteristics: The unit product cost for Job T321 is closest to:
a. $117.00
b. $58.50
c. $154.50
d. $51.50

Business
1 answer:
Marianna [84]3 years ago
8 0

Answer:

Option (C) is correct.

Explanation:

Total overheads:

= Variable overheads + Fixed overheads

= ($3 × 70,000) + $665,000

= $875,000

Hence,

Predetermined overhead rate:

= Total overheads ÷ machine-hours

= ($875000 ÷ 70,000)

= $12.5/machine hour.

Hence,

total product costs

= Direct materials + Direct labors + Overheads

= (630 + 2,880 + (12.5 × 90))

= $4,635

Hence,

unit product cost = ($4635 ÷ 30)

                              = $154.50

Note: Table is missing, so it is attached with the answer.

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5 0
3 years ago
Coaches can receive a bonus from the booster club at the conclusion of a season.
inna [77]

Answer:

The statement is true

Explanation:

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4 0
3 years ago
Both firms in a Cournot duopoly would enjoy lower profits if:
daser333 [38]

Answer:

each firm simultaneously increased output above the Nash equilibrium level.

Explanation:

A French mathematician, Antoine Augustine Cournot developed the Cournot duopoly in his economic model “Researches into the mathematical principles of the theory of wealth”, of 1838.

Cournot duopoly also known as the Cournot competition, is an economic model where two (2) business firms having identical cost functions compete in a oligopolistic market of imperfect competition with homogeneous products.

Under the Cournot duopoly, the competing firms offer identical products and thus, choose an amount or quantity to produce independently and at the same time because they cannot collude.

Both firms in a Cournot duopoly would enjoy lower profits if each firm simultaneously increased output above the Nash equilibrium level.

Hence, the advantage of the Cournot duopoly is that, it inhibits competing firms from deviating unilaterally.

4 0
3 years ago
Bill was 150 pounds overweight but his insurance premiums significantly dropped after he lost weight by going to a local health
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The kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

<h3>What is a preventative measure?</h3>

In insurance, a preventative measure can be defined as a kind of measure that typically involves reducing the degree of risk associated with an insurance object, and mitigating (decreasing) the negative impact of potential insurance-related accidents on the insured.

In this context, we can infer and logically deduce that the kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

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7 0
1 year ago
It is important to use real rather than nominal gdp figures when making comparisons of output across time periods because the re
melamori03 [73]

Answer: TRUE

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The equation for finding GDP is given as -

GDP = Consumption + Investment + Government Spending + ( Exports - Imports)

Nominal GDP can be described as the market value of all goods and services produced in a country within a particular time period using current market prices.

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