Answer:
$165,000
Explanation:
Calculation for what is the total amount credited to the manufacturing overhead account for the year for Grey
First step is to calculate Predetermined overhead rate using this formula
Predetermined overhead rate = Estimated overhead costs / Estimated machine hours
Let plug in the formula
Predetermined overhead rate = $220,000 / 20,000 machine hours
Predetermined overhead rate= $11
Second step is to calculate Total amount credited to the factory overhead account for the year for Grey
Using this formula
Total amount credited to the factory overhead account for the year for Grey = Predetermined overhead rate × Actual machine hours
Let plug in the formula
Total amount credited to the factory overhead account for the year for Grey= $11 × 15,000 machine hours
Total amount credited to the factory overhead account for the year for Grey = $165,000
Therefore the Total amount credited to the factory overhead account for the year for Grey will be $165,000
A large-scale market entry commitment by a firm suggests a rapid entry.
<h3>What is a large scale?</h3>
Something that is grand or massive is referred to as being on a large scale. 300 guests invited to a wedding is an example of a large-scale event. broad in scope or reach. A smaller area is depicted on large-scale maps with more information.
A large-scale map shows a limited geographic area. A smaller number would appear to the right of the ratio for a big scaled map expressed as a representative scale.
Large-scale industries are defined as those with significant infrastructure, raw material needs, high labor costs, and significant capital requirements. Large-scale industries are defined as those businesses with fixed assets worth more than 10 crore rupees.
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The oligopoly is known to have a one producer dominating the market. This results in a few suppliers/sellers in the market, and thus can cause a high increase in the price of the products that are being sold in its respective community.
Answer:
$17,000
Explanation:
Step 1: Determine the formula for the direct material used
= Beginning Direct Material Inventory + Purchases of Direct Materials - Ending Direct Material Inventory
The Work in progress values should only find expression Manufacturing Account Statement preparation of production cost.
Step 2: Fit the figures into the formula
Beginning Direct Material = $12,000
Purchases of Direct Materials = $15,000
Closing/ Ending Direct Material = $10,000
Cost of Direct Material Used = $12,000 + $15,000- $10,000= $17,000.
Note: Direct material are those raw materials in production or manufacturing that are directly used, related or traceable to the goods or products manufactured.
Answer:
Intuition
Explanation:
Intuition -
It is a type of magical phenomenon , where the person is able to acquire knowledge without any conscious reasoning , is known as an intuition .
Intuition is a type of inner sensing , the ability of unconscious pattern - recognition .
hence , from the question , the dimension of intuition is shown in the question .