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Sergeu [11.5K]
4 years ago
15

Crimp corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year, the estimated direct

labor-hours were 15,000 hours and the total estimated manufacturing overhead was $258,000. at the end of the year, actual direct labor-hours for the year were 13,100 hours and the actual manufacturing overhead for the year was $253,000. overhead at the end of the year was:
Business
1 answer:
Anton [14]4 years ago
4 0

First of all, the predetermined overhead will be calculated.

Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hour

Predetermined overhead rate = $ 258,000 ÷ 15,000 hours = $ 17.20 per direct labor hour

Actual manufacturing overheads = $ 253,000

Applied manufacturing overheads = Predetermined overhead rate × Actual direct labor hours

Applied manufacturing overheads = $ 17.20 × 13,100 = 225,320

Applied manufacturing overheads are less than actual manufacturing overheads, thus overheads are under applied.

Actual manufacturing overheads - Applied manufacturing overheads = $ 27,680 under applied

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One of the most important lessons that the Starbuck's leadership lab provides to its store managers is developing the a sense of corporate pride and responsibility, along with the element of understanding the importance of a positive customer interface and assisting the manager's in developing that positive atmosphere in the context of their stores.
6 0
3 years ago
8. Unemployment insurance contributes to structural unemployment by: A. keeping wages above the market-clearing level. B. keepin
Luda [366]

Answer:

The correct answer is  C. allowing unemployed workers to search longer or less intensively for jobs

Explanation:

4 0
3 years ago
Financial markets are important for bringing equilibrium to the loanable funds market, but do not affect the efficient allocatio
Setler79 [48]

The statement," Financial markets are important for bringing equilibrium to the loanable funds market, but do not affect the efficient allocation of scarce resources in the long-run." is false.

<u>Explanation:</u>

Financial markets are important for bringing equilibrium to lonable funds and  in the long run they affect the allocation efficiency of scare resources. They probably shift the scare resouces of the economy from savers to borrowers.

Financial market is an arena where trading of financial derivatives and securities occurs at lower transaction costs. The securities are namely bonds, stocks, etc.,

The role of financial markets are as follows,

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5 0
4 years ago
Fix-It Co. wishes to maintain a growth rate of 9.89 percent a year, a constant debt-equity ratio of .42, and a dividend payout r
Olin [163]

Answer:

5.43%

Explanation:

Using du point formula for return on equity formula, the profit margin can be computed by rearranging the formula to make profit margin the subject.

return on equity=profit margin*assets turnover*leverage ratio

return on equity=growth rate*(1-dividend payout ratio)=9.89%*(1-40%)=5.93%

assets turnover=sales/total assets=inverse of total assets to sales=1/1.3

leverage ratio=total assets/equity

debt-equity ratio=0.42( debt is 0.42 while equity is 1 i.e 0.42/1=0.42)

total assets=debt+equity=0.42+1=1.42

equity is 1

5.93%=profit margin*1/1.3*1.42/1

5.93%=profit margin*1.092307692

profit margin=5.93%/1.092307692

profit margin=5.43%

5 0
3 years ago
The process of analyzing alternative long-term investments and deciding which assets to acquire or sell is known as:
Anna007 [38]

Answer: capital budgeting

Explanation:

The process of analyzing alternative long-term investments and deciding which assets to acquire or sell is known as Capital budgeting.

Capital budgeting is typically used by an organization or a business to know whether it will be worth it if an organization invest in an asset such as new plants, machineries, development projects etc and different alternatives are also considered in order to choose the best option.

4 0
3 years ago
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