1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semenov [28]
3 years ago
6

Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost:

C = $83,000 + $12M where: C = monthly manufacturing overhead cost, and M = machine hours The standard error of estimate of the regression is $7,500. The standard time required to manufacture one six-unit case of Bradford's single product is two machine hours. Bradford applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is 53,000 cases. Bradford's estimated variable manufacturing overhead cost for a month in which scheduled production is 5,300 cases would be:
Business
1 answer:
Firdavs [7]3 years ago
3 0

Answer:

Bradford's estimated variable manufacturing overhead cost is $127,200

Explanation:

The cost function=$83,000+$12M

where M stands for machine hours required to produce the expected output in the month under review.

Each one-six unit case of Bradford's single product requires two machine hours,hence 5,300 cases would require 10,600 hours(5,300*2hrs).

Total estimated variable manufacturing overhead=cost per machine hour*expected number of machine hours

cost per machine hour is $12 as seen in the cost function

estimated variable manufacturing overhead=$12*10,600=$127,200

You might be interested in
A ______ is a piece of real estate owned by multiple, unrelated individuals who, in addition to their ownership rights, each hol
finlep [7]

Answer:

Time-Share Estate

Explanation:

Definition:

A time-share estate is an illustration of a concept also known as fractional ownership. It is a structure that allows individuals to purchase the right of occupancy of a unit of real estate for a specific period.

Of course, a good example of why buyers will choose this type of real estate purchase is to get the use of a unit of housing that is not always in use all year round. For instance, time-sharing is popular with resorts, vacation homes and even with recreational vehicles.

It is important to know also that the time-sharing industry is mostly available within the United States and it is a multi-billion dollar industry, meaning the time-sharing concept is popular in the United States.

Different Types

Fixed Weeks or Floating Weeks Option - as the names suggest, owners are either allowed to pre-determine the specific period of the year and the number of weeks to make use of the estate or choose the floating weeks which leaves the occupant the choice to choose weeks within a given period say January-March, September-November etc.

6 0
3 years ago
!!50 Points answer quickly!!
Olin [163]

Answer:

i think it's

jesse

jesse

jesse

Explanation:

7 0
2 years ago
When a service organization provides services that affect the initiation, execution, processing, or reporting of a user company'
chubhunter [2.5K]
Those services are <span>considered to be part of the user company's information system.
The information system obviously provides relevant information about something - given that here services are given which may have an effect on the initiation, execution, processing, or reporting of a user company's transactions, they do belong to the information system of that company.

</span>
8 0
3 years ago
Max has two options this weekend. He could work at his job and earn $7 per hour for three hours, or he could go to an exhibit at
densk [106]

Answer:

The opportunity cost of the event $21.

Explanation:

Opportunity cost is the loss of alternative when someone chooses an alternative.

Number of Hours = 3 hours

Earning per hour = $7

Total opportunity cost = $7 x 3

Total opportunity cost = $21

As Max has to bear the loss of $21 earning when he goes to the event in the museum. So this is his opportunity cost.

8 0
3 years ago
anufacturers consider selling and administrative costs to be A. prime costs. B. conversion costs. C. inventoriable costs. D. per
malfutka [58]

Answer:

D. period costs.

Explanation:

The period cost is the cost which is incurred during the passage of time. It includes the major part of the ling and administrative expenses of the income statement. This cost is not capitalized. It is to be allocated based on the expenses that are against the revenue.  

Example - Depreciation on delivery trucks, advertising expense, etc

8 0
3 years ago
Other questions:
  • Stephen runs a pet salon. He is currently grooming 120 dogs per week. If instead of grooming 120 dogs, he grooms 121 dogs, he wi
    11·1 answer
  • The best time to acquire technological literacy is before you have to apply for a job because ________.
    6·2 answers
  • Oriole Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. The corpo
    5·1 answer
  • Delta diamonds uses a periodic inventory system. the company had five one-carat diamonds available for sale this year: one was p
    15·1 answer
  • Explain how banks can create money.
    5·1 answer
  • $17,200 is invested, part at 6% and the rest at 2%. If the interest earned from the amount invested at 6% exceeds the interest e
    13·1 answer
  • The​ ________ approach recognizes that both financial and operational performance measures should be considered when evaluatin
    13·1 answer
  • Write a short paragraph that explains the central idea of the article. Use at least two details from the article to support your
    6·1 answer
  • If output is given by a Cobb-Douglas production function, real GDP is growing at 4%, the capital to labor ratio is constant, and
    7·1 answer
  • Identify the impact of each of the given transactions on the accounting equation.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!