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3 years ago

29) Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to

Business

1 answer:

irakobra [83]3 years ago

5 0

Answer:

The correct Answer is predetermined overhead rate = $2.50 per direct labor hour.

Explanation:

Overhead is those costs required to run a business, but which cannot be directly attributed to any specific, for example, rent, factory overheads, depreciation, indirect labor and production supervisor's salary.

Total manufacturing overheads = Rent of factory building + Depreciation on factory equipment + Indirect labor + Production supervisor's salary

Total manufacturing overheads = $15,000 + $8,000 + $12,000 + $15,000

Total manufacturing overheads = $50,000

Total Direct labor hours in the year = 20,000

Predetermined Overhead Rate per labor hour = $50,000/20,000

Predetermined Overhead Rate per labor hour = $2.50 per direct labor hour

Sales salary is a selling expense and not a product cost hence it will not be included for calculating predetermined overhead rate.

Direct material and labor are direct expenses, they are product cost but not a part of Overhead cost.

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"When the dollar appreciates, U.S." exports increase, while imports decrease. b. exports and imports increase. c. exports decrea

Zina [86]

Answer:

C) Exports decrease, imports increase

Explanation:

If the US dollar appreciates, the US dollar has now more value per unit of foreign currency than before. For example, suppose that today 1 US dollar buys 0.8 Euro, and tomorrow, Europe is hit by a financial crisis, and the US dollar appreciates, and buys 1.2 Euro. The US dollar has appreciated, has become more expensive, becomes now more euros are needed to buy 1 US dollar.

When the US dollar gains value, domestic goods become more expensive compared to foreign goods, and this promotes imports, and reduces exports.

This is the reason why China keeps a depreciated currency: China is an export economy and the cheap Chinese currency makes exports cheaper, and imports more expensive.

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4 years ago

A credit sale is made on July 10 for $900, terms 1/15, n/30. On July 12, the purchaser returns $100 of goods for credit. Give th

balu736 [363]

Answer:

Dr. Cr.

July 19

Cash $792

Discount expense $8

Account Receivable $800

Explanation:

The term 1/15, n/30 mean there is a discount of 1% is available on the sales value, if payment is made within 15 days of sale with credit term of 30 days.

The sale of $900 was made on July 10 and discount period is until July 25.

On July 12 goods amounting $100 was returned and now the amount due from the customer is $800 ( $900 - $100 ).

The payment made on July 19 is actually in the discount period and it is eligible for the discount as it is made before July 25.

Discount = Amount due x Discount rate

Discount = $800 x 1% = $8

$792 Cash received against the sale made on July 10 and discount $8 is expensed. Total of $800 is credited from the account receivable account to eliminate it.

5 0

3 years ago

The ABC Corporation is considering introducing a new product, which will require buying new equipment for a monthly payment of $

scZoUnD [109]

Answer:

5500 units per month must be sold to earn the required profit

Explanation:

The target profit is the amount of profit that a business wants to earn. To calculate the target profit, we can use the break even analysis and include the factor for target profit under its formula and calculate the units and the dollar sales needed to earn the target profit.

In this case, the target profit is $50000 per month.

The break even in units = Fixed cost / contribution margin per unit

Contribution margin per unit = selling price per unit - variable cost per unit

To calculate units required for target profit, we will add the target profit to the fixed cost and divide by the contribution margin per unit

Target profit units = (fixed cost + target profit) / Contribution margin per unit

So,

Contribution margin per unit = 20 - 10 = $10 per unit

Target profit units = (5000 + 50000) / 10

Target profit units = 5500 units per month

7 0

3 years ago

You operate a car detailing business with a fixed amount of machinery (capital), but you have recently altered the number of wo

NemiM [27]

Answer:

1.5 cars

Explanation:

Three employees can produce a total of:

= 4 × 3

= 12 cars in an hour.

Five employees can produce a total of:

= 3 × 5

= 15 cars in an hour

So, the increase in total product of labor as I increase the labor from 3 to 5 employees:

= Total product when 5 employees are hired - Total products when 3 employees are hired

= 15 - 12

= 3 cars.

So, the marginal product of moving from 3 to 5 workers:

= 3 ÷ 2

= 1.5 cars

3 0

3 years ago

The growth rate is a measure of the rate at which a countrya's population is increasing. Please select the best answer from the

Bond [772]

The growth rate is a measure of the rate at which a country's population is increasing.

The growth rate of a population measures the percentage increase in the value of a quantity.

For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.

Factors that leads to increases in a population

Migration
Birth

To learn more, please check: brainly.com/question/15133607

3 0

3 years ago