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Galina-37 [17]
4 years ago
6

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

most recent year of operations. Estimated manufacturing overhead $ 157,400 Estimated machine-hours 4,570 Actual manufacturing overhead $ 156,700 Actual machine-hours 4,720 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The applied manufacturing overhead for the year is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Irina18 [472]4 years ago
3 0

Answer:

$34.44 and $162,556.80

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= ($157,400) ÷ (4,570 machine hours)

= $34.44

Now the applied manufacturing overhead is

= Actual machine hours × predetermined overhead rate

= 4,720 machine hours × $34.44

= $162,556.80

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Using mathematical models and computer models to understand a chemical principle is an example of
weeeeeb [17]

Answer;

-Theoretical chemistry

Explanation;

Theoretical chemistry involves the use of mathematics and computers to understand the principles behind observed chemical behavior and to design and predict new compounds.

-It is the examination of the structural and dynamic properties of molecules and molecular materials using the tools of quantum chemistry, equilibrium and non-equilibrium statistical mechanics and dynamics.

7 0
4 years ago
Ship Co. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per
Zanzabum

Answer:

Standard cost= $3.42

Explanation:

Giving the following information:

Ship Co. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per hour. Overhead is applied at the rate of $9 per direct labor hour.

To calculate the standard cost we need to use the following formula:

Standard cost= standard direct material + standard direct labor + allocated overhead

Standard cost= 1.2*0.85 + 0.1*15 + 9*0.1

Standard cost= $3.42

6 0
4 years ago
Lee, a salesperson for Macro Corporation, learns that Macro will increase the dividend it pays to shareholders. Lee buys 1,000 s
Aleks [24]

Answer:

public before he bought the stock

Explanation:

The dividend is a sum of money paid by a company regularly to its shareholders out of its profits.

Insider trading refers to the illegal practice of trading on the stock exchange on having confidential information regarding the shares.

In this question,

Lee would not be liable for insider trading if the information about the dividend was public before he bought the stock.

8 0
3 years ago
explain why an economy in which airlines charge different passangers different prices for the same flight ticket will not achiev
Anarel [89]

Answer:

Price discrimination is when a producer charges different prices, to different consumers for the same good or service. Therefore, an airline that charges different prices to different passengers for the same flight is practicing a third degree price discrimination because consumers are charged different prices based on their different demand elasticities.

Economic efficiency is when scarce resources are used in the most efficient way to produce maximum output; it consists of productive efficiency and allocative efficiency. For price discrimination to be possible, the firm must have a certain degree of monopoly power; that is, the firm must be a price maker. Monopolies typically fit into this description as they discriminate by charging  consumers with an inelastic demand higher prices; this reults in allocative ineffciency because price is greater than the Marginal Cost (P>MC).

On the other hand price discrimination could increase efficiency; price discrimination aims to convert consumer surplus to producer surplus, thereby increasing the profit of the firm. An increase in profits could be dedicated to investement in research and development; this could see such a firm achieve dynamic efficiency (long-run productive efficiency). Secondly, due to the increased profits and the potential for more profits, output is increased and price moves closer to the MC (Closer to allocative efficiency). In addition, an increase output  would mean that the firm is making use of its spare/idle capacity in production, moving output towards optimum. From another perspective, a firm can reap economies of scale through price discrimination; this is because price discrimination leads to an increase in output and a reduction in average cost.

Explanation:

5 0
3 years ago
Lisa is wondering if her company is earning the income they expected to earn at the beginning of this year. She looks at to see
andre [41]

Lisa is wondering if her company is earning the income they expected to earn at the beginning of this year. She looks at to see how the money looks, while remembering that this budget does not show cash outlays. This type of budget is called Expense Budget

<h3>What is Expense Budget?</h3>
  • The Expense Budget displays the revenue and capital expenditures of several ministries and departments and provides estimates for each under "Plan" and "Non-Plan."
  • It provides a thorough study of various expenditure kinds as well as a general explanation for why estimates vary. The Expense Budget also includes the Central Government's requests for grants.
  • Capital assets are crucial expenses for firms since they include cash outlays for production machinery and other equipment that generates revenue.
  • Due to the fact that production equipment is more expensive than standard office supplies or monthly expenses, financing is sometimes required to purchase capital assets.
  • The purchase of capital assets is typically included in expense budgets, and their effects on working capital and future cash flows are quantified. Businesses wouldn't be able to accomplish their operational goals without well managed capital investments.

To know more about Expense Budget with the given link

brainly.com/question/14318672

#SPJ4

3 0
2 years ago
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