Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.
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
Answer:
25 cent/donuts
Explanation:
Demand function have these two points (275, 0), (175, 25)
Demand function equation:
y - 25 =
(x-175)
-100y + 2500 = (x - 175)
-4y + 100 = x - 175
x + 4y = 100 + 175
x + 4y = 275....................equ 1
Similarly Supply function have these point (150,0), (200, 50)
Supply function equation:
y - 50 =
(x- 200)
50y - 2500 = x - 200
y - 50 = x - 200
x - y = 200 - 150
x - y = 150
By equation 1 & 2
x + 4y = 275
x - y = 150 ==> x = 150+y
So from equ 1 => x + 4y = 275
=> 150+y+4y = 275
=> 150+5y = 275
=> 5y = 275 - 150
=> 5y = 125
=> y = 25
So, the price that the students should charge per donut so that there is neither a surplus nor a shortage of donuts is 25 cent/donuts