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3 years ago

When a factory is operating in the short run,

Business

1 answer:

kirill115 [55]3 years ago

3 0

Answer:

B. it cannot adjust the quantity of fixed inputs

Explanation:

The short run is the conceptual time period where at least one factor of production is fixed in amount while other factors are variable in amount.

Fixed costs have no impact on a firm's short run decisions

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Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw

svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0

3 years ago

To determine the effective gross income on a property, the sales associate should:________

artcher [175]

Answer:

Subtract vacancy and credit costs from potential gross income

Explanation:

Effective gross income (EGI) is actually the ratio or relationship that exists between the sale price of a property and effective gross income of that same property.

It is the potential gross income added to other income when vacancy and credit costs are subtracted from it.

EGI is used to determine the value of a rental property and the cash that the property generates.

4 0

3 years ago

Phildell Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate f

AysviL [449]

Answer:

Total deduction 2,443.21

Explanation:

8,288

x 6.20% Sccial Security 513.856

x 1.45% Medicate 120.176

x 6.20% FUTA&SUTA (for 7,000) 434

Income tax witheld 1,375.17

Total deduction 2,443.21

We will multiply his taxable wages for period by the tax rate.

We must noticew FUTA and SUTA applies fdor the first 7,000 only so we multiply by 7,000 not by 8,288

3 0

3 years ago

Kasravi Co. had net income for 2018 of $800,000. The average number of shares outstanding for the period was 300,000 shares. The

navik [9.2K]

Answer: $2.64

Explanation:

Based on the information given in the question, the outstanding diluted share will be calculated as:

= 300,000 + 15000(5/30)

= 300000 + 15000(0.16667)

= 300000 + 2500

= 302500

The amount that Kasravi Co. should report for diluted earnings per share for the year ended 2018 will be calculated as:

Diluted Earning per share = Net income /outstanding diluted share

= $800,000 / 302,500

= $2.64

ANSWER = (c) $2.64

7 0

3 years ago

Specific identification is ______. Multiple choice question. a high-tech security technique for identifying key employees a deta

ELEN [110]

Specific Identification is the accounting record of the transactions of the proposal, that is, an inventory method that tracks which item is actually sold and debits.

<h3>What is specific identification?</h3>

It is an accounting record between income and expenses, used to keep track of identifiable and cost-specific inventory items.

This method gives managers or members of an entity a greater possibility of manipulating profits by identifying units in ending inventory as coming from specific purchases.

Therefore, we can conclude that the specific identification method is to track the cost of each item or category of products in the inventory.

Learn more about specific identification here: brainly.com/question/25056275

6 0

2 years ago