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3 years ago

Explain the roles of demand and supply in changing gasoline prices after hurricane katrina and rita

1 answer:

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<span>In the immediate aftermath of hurricane Katrina and Rita, supply of gasoline was very low, as suppliers of gasoline,were unable to bring gas to the stations. This raised prices drastically as demand increased due to people fleeing the devastation.</span>

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Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be

eduard

a. The plantwide predetermined overhead rate is $8.7 per machine hour.

b. The Overhead applied is 296.

c. The total manufacturing cost assigned to Job 400 is $896.

d. The unit product cost for this job is $14.93.

<h3> Predetermined overhead rate </h3>

a. Predetermined overhead rate

Predetermined overhead rate = Variable overhead cost per machine hour + Fixed manufacturing overhead cost/Estimated machine hours

Predetermined overhead rate= 4.60 + 652,000/159,000

Predetermined overhead rate= 4.60 + 4.10

Predetermined overhead rate= $8.7 per machine hour

b. Overhead applied

Overhead applied = Actual machine hours used x Predetermined overhead rate

Overhead applied = 34x 8.7

Overhead applied= $295.8

Overhead applied= $296 (rounded to nearest whole dollar)

c. Total manufacturing cost assigned to Job 400.

Job cost sheet

Direct material $370

Direct labor $230

Overhead applied $296

Total manufacturing cost $896

d. Unit product cost = Total manufacturing cost/Number of units

Unit product cost = 896/60

Unit product cost = $14.93

Inconclusion the plantwide predetermined overhead rate is $8.7 per machine hour and the Overhead applied is 296.

Learn more about plantwide predetermined overhead rate here:brainly.com/question/13341171

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3 years ago

The main output of the sales and operations planning process is:______

aliina [53]

Answer:

The correct option is A: the production plan

Explanation:

The sales and operation planning process is aimed at developing tactical plans by encompassing marketing plans focused on customers to produce both new and existing products using the operations of the supply chain. It brings together all the plans of different departments such as sales department, marketing department, new products development, logistics department, manufacturing department, supply chain, and finance department in order to create a balance in the demand plan and also production plan.

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3 years ago

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Kinsi Corporation manufactures three different products. All five of these products must pass through a stamping machine in its

Rom4ik [11]

Answer:

D) generates the highest contribution margin per stamping machine hour

Explanation:

Since the stamping machine is Kinsi's constrained resource, or bottleneck resource, in order to maximize its profit, the company should manufacture the products that maximize the utility of the stamping machine. The product that maximize the utility are the one that have the highest contribution margin. Therefore Kinsi must produce the products that have the highest contribution margin per stamping machine hour.

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3 years ago

Holding money while preparing food is ___ when you are wearing gloves

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Sanitary or unsanitary would be the answers. Unless there are choices to go with this question.

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4 years ago

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Project manager Claire and her team need to minimize project risks. Help them match the step to minimize risk to what each step

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Answer:

Determine which risks goes with prioritizing