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CaHeK987 [17]
3 years ago
6

Managers use a predetermined overhead rate for which of the following reasons?

Business
1 answer:
Rashid [163]3 years ago
4 0

Answer:

Option A and B

Explanation:

The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.

Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.

Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.

Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.

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Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service
zepelin [54]

Answer:

In the following situation:

Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.

The Jacob's contribution per unit is:

e) 80

Explanation:

To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.

Total revenue is: 100 USD per night

Total variable costs are: 20 USD per night

Total units are only one.

Therefore 80 USD is our contribution per unit.

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3 years ago
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a non-profit organization has obtained a temporary daily on-sale license for a fundraiser. who within the organization has to be
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What is the best definition of marginal revenue
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<h3>Answer:</h3>

Definition - Marginal revenue is the rise in income that occurs from the sale of one extra unit of product. While marginal revenue can continue constantly over a particular level of output, it follows the law of diminishing returns and will ultimately decrease as the output level increases. Ideally, ambitious firms proceed to produce output until marginal revenue approaches marginal cost.

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antiseptic1488 [7]
<span>Theresa drank 5 ounces of wine which is equal with one standard drink. 
</span>The standard drink is defined as: 5 ounces of table wine, 12 ounces of beer, 1.5 ounces of distilled spirits (e.g., vodka, whiskey), 8-9 ounces of malt liquors or 3.3 ounces of champagne. Standard drinks are introduced in order to measure and define <span>Alcohol By Volume (ABV).
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