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Answer:
Estimated manufacturing overhead rate= $6.42 per direct labor hour
Explanation:
Giving the following information:
The company's executives estimated that direct labor would be $3,360,000 (240,000 hours at $14/hour) and that factory overhead would be $1,540,000 for the current period.
Using direct labor hours as a base, what was the predetermined overhead rate?
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 1,540,000/240,000= $6.42 per direct labor hour
Actually, the time frames of ERP projects would actually depend on different scenarios taking place. These scenarios are as follows:
For financial modules: 2.5 - 4 months
For financial modules and sales functionality: 5 - 6 months
For financial modules, sales, and inventory functionality: 5 - 7 months
Answer:
pay a wage rate less than labor's MRP
Explanation:
A monopsonistic employer in an unorganized (nonunion) labor market will: "pay a wage rate less than labor's MRP"
The above statement is based on the idea that Monopsony is a market situation whereby a single buyer or firm is the only purchaser of a good or service, which in most cases has to do with the purchase of labor.
And given the fact that the firm is the sole purchaser of labor, where there is no labor union, there is a high tendency that such firm or employer pays a wage rate less than labor's marginal revenue productivity.
Answer: Incorret
Explanation: This is incorrect because the more information we have about the market and the obsolescence time of our products, the better we will be able to coordinate the marketing strategy so that the time spent will be paid with greater profits in the future.
For example, appliances affected by competition or improvements become appliances that replace the previous ones if you do not evaluate the obsolescence time of these items, it is likely that when our product is launched, there is already a better one in the market.
