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3 years ago

7

If you are starting a new business, you can assume with some certainty that your customers will have the same level of technolog

y as you install.
True
False

2 answers:

kakasveta [241]3 years ago

8 0

This would be false

kykrilka [37]3 years ago

3 0

Answer:

False

Explanation:

You can not assume with any certainty that your customers will have the same level of technology as you install. Many of them will have to learn it.

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A company bases its predetermined overhead rate on direct labor cost. For next year, total factory overhead cost is estimated at

AlekseyPX

Answer:

Allocated MOH= $18,750

Explanation:

Giving the following information:

The estimated total factory overhead= $300,000

Total estimated direct labor cost= $240,000.

The actual direct labor cost was $15,000.

First, we need to calculate the estimated overhead rate based on direct labor cost. Then, we can allocate overhead.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/240,000= $1.25 per direct labor dollar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.25*15,000

Allocated MOH= $18,750

3 0

3 years ago

The reason for a(n) ____ inventory strategy is to minimize tying up large sums of money for long periods of time and, in additio

Sav [38]

The reason for a <u>just-in-time</u> inventory strategy is to minimize tying up large sums of money for long periods of time and, in addition, to reduce the cost associated with inventory management.

inventory management enables agencies to discover which and what kind of inventory to order at what time. It tracks stock from buy to the sale of products. The exercise identifies and responds to tendencies to ensure there may be constantly sufficient inventory to satisfy patron orders and the right caution of a shortage.

Discipline inventory management generally known as stock management is the feature of know-how of the stock mix of a corporation and the exclusive demands on that inventory.

The three maximum popular inventory management strategies are the frenzy method, the pull approach, and the simply-in-time technique. these techniques offer businesses distinct pathways to assembly consumers call for.

Learn more about inventory management here brainly.com/question/13439318

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5 0

1 year ago

If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and ave

Murljashka [212]

Answer:

a. keep producing in the short run but exit the market in the long run.

Explanation:

To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run

Short Run Effect

The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.

Long Run Effect

However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.

5 0

3 years ago

You are considering the purchase of a condominium to use as a rental property. You estimate that you can rent the condominium fo

Nastasia [14]

Answer:

It can take a mortgage up to 90,819 dollars

Explanation:

1,300 per month

-300 maintenance and other cost

1,000 per month

What is the PV of an annuity of 1,000 dollars

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1000 (proceeds from the rent)

time 240 (20 year x 12 month per year)

rate 0.01 ( 12% / 12 months = 1%)

$1000 \times \frac{1-(1+0.01)^{-240} }{0.01} = PV\\$

PV $90,819.4163

It can take a mortgage up to 90,819 dollars

3 0

3 years ago

A manufacturing company budgeted for $1,240,000 in manufacturing overhead and expected 400,000 direct labor hours. Actual overhe

valina [46]

Answer:

a. Under applied by $9,000

Explanation:

Budgeted overheads = $1,240,000

Budgeted overheads = 400,000

Budgeted rate per hour = $1,240,000/400,000 = $3.10

Actual overhead = $1,200,000

Actual Hours = 390,000

Actual Rate per hour = $3.077

budgeted overhead for actual hours = 390,000 $\times$ $3.10 = $1,209,000

Thus, overheads under applied = Standard - Actual = $1,209,000 - $1,200,000 = $9,000

Since actual overheads are less than budgeted it is under applied in case it was more than budgeted then i would be over applied.

Final Answer

a. Under applied by $9,000

8 0

3 years ago