Answer:
The amount of overhead applied to Job T687 is closest to: $280.
Explanation:
Predetermined rate = Budgeted Overheads / Budget Activity
= $ 425,600 / 30,400
= $14.00 per machine-hour
Applied overheads to job T687 = Predetermined rate × Actual machine hours used
= $14.00 × 20
= $280
Conclusion :
The amount of overhead applied to Job T687 is closest to: $280.
Because dividends are considered to be a return of premium I hope this helps ya out
Answer:
Behavior-based appraisal
Explanation:
In Behavior-based appraisals, the employee is assessed based on what they do instead of what they produce. Their actions are assessed using a rating scale to measure specific behaviors. Behavior-based appraisals uses behavioral observation scales as opposed to practices that focus on results only. It tends to be more objective, fair and accurate, if the appraisal standards are carefully developed.
Behavior appraisals are very useful when assessing performance on quantitative tasks.
Answer:
The correct answer is: we demand the product that labor helps produce rather than labor service per se.
Explanation:
The demand for inputs of production such as labor is called derived demand. This is because their demand is derived from the demand for goods that they are used to produce.
These inputs are used in the process of production. The derived demand affects the price of derived goods.
Answer:
Contribution margin per unit = $450
Contribution margin ratio = 52.94%
Explanation:
The calculations are given below:
Contribution margin per unit = Selling price per unit - per unit variable cost
= $850 - $400
= $450
Contribution margin ratio would be
= (Contribution margin per unit) ÷ (Selling price per unit) × 100
= ($450) ÷ ($850) × 100
= 52.94%
And, the contribution margin income statement for August month is presented below:
Contribution margin income statement
For the August month
Sales (425 motors × $850) $361,250
Less: Variable cost (425 motors × $400) ($170,000)
Contribution margin $191,250
Less: Fixed expenses per month ($90,000)
Net income $101,250