A ________ is a list of duties and capabilities required for a particular job.

Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs

laiz [17]

Answer:

C. straight back chairs will be overcosted

Explanation:

Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs are made by hand. Miller Company uses a company-wide overhead rate that is based on direct labor hours to assign overhead costs to the two products. If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis:

A. rocking chairs will be undercosted

B. There should be no impact on unit cost

C. straight back chairs will be overcosted

D. rocking chairs will be overcosted.

EXPLANATION

If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis then the straight back chairs will be overcosted<u> because the automation process directly implies that it no longer drives labor hours since it is no longer made by hand.</u>

Automated processes should use machine hours rather than labor hours, for the allocation of its overhead.

8 0

3 years ago

Read 2 more answers

A(n) _____ is an outside firm that specializes in the creation, production, and/or placement of the communications message and t

krek1111 [17]

Answer:

An advertising agency

Explanation:

An advertising agency is an agency that dedicates it's business to creating , planing , and managing all aspects of a client's advertising. It also specializes in promotions and marketing for its client.

Advertising can be carried out via websites, online and social campaigns, brochures, catalogs, direct mail, print ads, radio and TV commercials, and sales letters.

An advantage of an Advertisement agency is that it helps provide a creative environment that combines interesting activities with work, and great exposure too

6 0

2 years ago

At Ultrinsic, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 10 students from

Margaret [11]

Answer: Incentives.

Explanation:

Incentive is an economic term that is introduce to motivate and encourage people towards some kind of work. Incentive is an amount of money that is given to the achiever.

Here, the incentive is the amount of money allotted for prize. Student knows that entry fees is $10 each. If a student scores A grade, then the maximum amount he can get from prize is $100, which is greater than the entry fees of the contest. So, there is a incentive for the students to score grade 'A'.

Therefore, this motivate students to study well and work hard.

7 0

3 years ago

1.2 Which of the following is not a nominal account?

bonufazy [111]

Answer:

i can say is capital

Explanation:

8 0

3 years ago

Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling

9966 [12]

Answer:

The Coupon rate is 11.66%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Selling price = P = $1,382.01

Number of payment = n = 14 years

Bond Yield = 7.5%

The coupon rate can be calculated using following formula

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

7.5% = [ C + ( $1,000 - 1,382.01 ) / 14 ] / [ ( $1,000 + $1,382.01 ) / 2 ]

7.5% = [ C - $27.29 ] / $1,191

7.5% x $1,191 = C - $27.29

$89.33 = C - $27.29

C = $89.33 + $27.29 = $116.62

Coupon rate = $116.62 / $1,000 = 0.11662 = 11.66%

4 0

3 years ago