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Yuri [45]
4 years ago
12

Activity rates from Quattrone Corporation's activity-based costing system are listed below. The company uses the activity rates

to assign overhead costs to products:Activity Cost Pools Activity RateProcessing customer orders $96.63 per customer orderAssembling products $2.45 per assembly hourSetting up batches $58.89 per batchLast year, Product F76D involved 9 customer orders, 436 assembly hours, and 26 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system?a $1,615.70b $3,469.01c $68,377.85d $1,531.14
Business
1 answer:
MrRissso [65]4 years ago
4 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The company uses the activity rates to assign overhead costs to products:

Processing customer orders $96.63 per customer order

Assembling products $2.45 per assembly hour

Setting up batches $58.89 per batch

Last year, Product F76D involved 9 customer orders, 436 assembly hours, and 26 batches.

Allocated overhead= 9*96.63 + 436*2.45 + 26*58.89= $3,469.01

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An economy that has the lowest opportunity cost for producing a particular good is said to have a(n): A. absolute advantage. B.
jok3333 [9.3K]

Answer:

B. comparative advantage

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example, country A produces 20 kg of beans and 5kg of rice. Country B produces 5kg of beans and 20kg of rice.  

for country A,  

opportunity cost of producing beans = 5/20 = 0.25

opportunity cost of producing rice = 20/5 = 4

for country B,  

opportunity cost of producing rice = 5/20 = 0.25

opportunity cost of producing beans = 20/5 = 4

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

4 0
3 years ago
Concord Company sells merchandise on account for $3300 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company retur
Oksi-84 [34.3K]

Answer:

Dr Cash $825

Cr Sales Returns and Allowances $800

Cr Sales Discounts $25

Explanation:

Preparation of the journal entry that Concord Company make upon receipt of the check

Dr Cash $825

($800+$25)

Cr Sales Returns and Allowances $800

Cr Sales Discounts $25

(To record receipt of the check)

Sales discount=(Sales Price -Sales return) × 1%

Sales discount=($3300 - $800) × 1% = $25

5 0
3 years ago
a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor
disa [49]

Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

=$17\times24

=$408

Also, when the customer  sells all the 17 units of the composite good, she will earn:

=$11\times18

=$198

Therefore, the customer's full income would be:

=$408+$198

=$606

To learn more about Trade-off

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6 0
2 years ago
When authorizing bonds to be issued, the board of directors does not specify the
netineya [11]

The Board of Directors does not define the selling price when authorizing the issuance of bonds.

An executive body that jointly manages an organization's activities is called a board of directors. This group could be a business, a nonprofit, or a government entity. It could also be for-profit. The board of directors' responsibilities and authority are governed by governmental regulations as well as the organization's own bylaws and constitution. These authority may specify the number of board members, how they will be chosen, and how frequently they will meet. The board of such an organization is accountable to and may be subordinate to the entire membership, who normally elect the board members in organizations with voting members. In a stock corporation, non-executive directors are elected by the shareholders, and the board has the following authority.

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3 0
2 years ago
Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders?
myrzilka [38]

Answer:

The correct answer is d) Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries.

Explanation:

Option D. represents two situations that perfectly describe the interest that the shareholders pursue: the maximization of the profits of the company where they have their resources invested.

The shareholder, on the other hand, is also an investor, since he contributes capital with a view to obtaining a dividend.

Its investment is said to be in equities, given that there is no contract through which the shareholder will receive fixed fees in return for his investment. Their remuneration is through two ways:

  1. Dividend
  2. Increase in the price of the company. This is produced by its good progress and its ability to generate future benefits, as well as by the increase in assets through past benefits.
5 0
3 years ago
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