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nikdorinn [45]
3 years ago
7

The predetermined overhead rate for manufacturing overhead for 2020 is $4.00 per direct labor hour. Employees are expected to ea

rn $5.00 per hour and the company is planning on paying its employees $100,000 during the year. However, only 75% of the employees are classified as "direct labor."
1. What was the estimated manufacturing overhead for 2020?
Business
1 answer:
timofeeve [1]3 years ago
3 0

Answer:

$60,000

Explanation:

The computation of the estimated manufacturing overhead is shown below:

Estimated manufacturing overhead = Direct labor hours × predetermined overhead rate

where,

Direct labor hours = Total Direct labor cost ÷ Cost per hour

                              = ($100,000 × 75%) ÷ ($5)

                              = 15,000 direct labor hours

Now the estimated manufacturing overhead equal to

= 15,000 direct labor hours × $4

= $60,000

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Ferkil Corporation manufacturers a single product that has a selling price of $100 per unit. Fixed expenses total $225,000 per y
exis [7]

Answer:

d)= 6,500

Explanation:

The break-even point (BEP) is the units of  the product that Ferkil Corporation must sell for it to make no profit or loss.

This units can be determined as follows:

BEP = Total fixed cost + target profit/ selling price - variable cost

So we substitute the variables given into the formula

5000 = 225,000 /(100-X)

5000×(100-X) =225,000

500,000 -5000x = 225,000

(500,000 -225,000)/5000 = x

X= 55

variable cost per unit = $55

Units to sell to achieve a profit 67,500

= (225,000  + 67,500)/(100-55)

= 6,500

6 0
2 years ago
The bonds issued by United Corp. bear a coupon of 6 percent, payable semiannually. The bond matures in 20 years and has a $1,000
pishuonlain [190]

Answer: 6.40%

Explanation:

Use Excel to calculate this by the formula;

= RATE(Nper,Pmt,-Pv,Fv)

Nper is number of periods = 20 * 2 = 40 semi annual periods

Pmt is the payment = $6%/2 * 1,000 = $30

Pv is the present value = $955

Fv is future value or face value = $1,000

= RATE (40,60,-955,1000)

= 3.20% * 2 (because this is a semi annual rate)

= 6.40%

8 0
3 years ago
Cotton Brokers, Inc., enters into a contract to sell denim clothing to Delite Natural Fashion store, which in turn sells a pair
sergiy2304 [10]

Answer:

B

Explanation:

In comparison to standards that apply to consumers, the UCC imposes on merchants Special business standards.

3 0
3 years ago
In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum ave
Pepsi [2]

Answer:

A. minimum average variable cost exceeds price.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

6 0
3 years ago
Compare and contrast the protection to intellectual property provided by trade secrets relative to that provided by patents. Wha
Vera_Pavlovna [14]

Answer:

1. Protection to trade secrets and patents:

a. Trade secrets are protected indefinitely.  Generally, patents are granted for a maximum of 20 years.

b. The owner of a trade secret does not need to pay annual fee to defend the secret.  A patent holder is required to pay an annual fee, in order to make the patent enforceable.

2. Important defense for defendants in trade secret cases that is not available to patent infringement defendants:

The defendant in a trade secret case will cite that the secret is still commercially valuable.  But a patent holder cannot cite this because the patent is granted for a maximum of 20 years to stop stifling innovation.

Explanation:

Both trade secrets and patents are intellectual property rights which confer on their owners the exclusive use of their intellectual property.  The major differences are in the duration and the defense of the rights.  Patents, unlike trade secrets, do not last forever.  Patents, again unlike trade secrets, must be defended periodically through the payment of fees.

7 0
2 years ago
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