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3 years ago

5

Which form of negligence is defined as performance of an unlawful or improper act?

1 answer:

pickupchik [31]3 years ago

5 0

Which form of negligence is defined as performance of an unlawful or improper act?

The answer to this problem would be misfeasance or nonfeasance.

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Dakota Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and

IRISSAK [1]

Answer:

1.Overhead Rate = Overhead Costs/ Direct Labor Costs

Budget Overhead Rate = 3060,000/ 1700,000= 1.8

Actual Overhead Rate = 3217,500/ 1650,000= 1.895

Dakota Products

Budget for 2017 Actual Results for 2017

Direct material costs $2,250,000 $2,150,000

Direct manufacturing labor costs 1,700,000 1,650,000

Manufacturing overhead costs 3,060,000 3,217,500

2.During March, the job-cost record for Job 626

Direct materials used $55,000

Direct manufacturing labor costs $45,000

Actual Overhead = 1.895 * $45,000= $ 85295.45

Normal Overhead = 1.8 * 45,000= $ 81,000

2.The actual cost of Job 626 =$ 55,000+ $ 45,000+ $ 85295.45= $ 185,295.45

2.The normal cost of Job 626 =$ 55,000+ $ 45,000+ $ 81,000= $181,000

3. Under- or Overallocated Overhead under normal costing=

Budgeted Overhead - Actual Overhead= 3,060,000 - 3,217,500=

157,500 underapplied

There is no under- or overallocated overhead under actual costing because overhead costs actually are at their actual costs. There is no difference between calculated and actual.

4. Normal Costing would give an idea before 2017 and it is easier to make decision prior to changes. Actual results can only be obtained after the process. Managers find it easier to pre plan . So normal costing is adoptable.

4 0

3 years ago

A random experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 13

enot [183]

Answer:

$P(E1)=\frac{20}{50}=0.4$

$P(E2)=\frac{13}{50}=0.26$

$P(E3)=\frac{13}{50}=0.34$

I used the relative frequency method

Explanation:

To solve this question we can use the relative frequency to find out each probability. The relative frequency is the ratio of the occurrence of each event and the total number of outcomes.

Here the experiment has been repeated 50 times, so that is the total number of outcomes and the denominator. There are 3 possible events E1, E2, and E3, so we can calculate the ratios to get the probabilities

Event E1 occurred 20 times of the 50: $P(E1)=\frac{20}{50}$

Event E2 occurred 13 times of the 50: $P(E2)=\frac{13}{50}$

Event E3 occurred 17 times of the 50: $P(E3)=\frac{17}{50}$

8 0

4 years ago

Piedmont Hotels is an all-equity company. Its stock has a beta of .82. The market risk premium is 6.9 percent and the risk-free

katrin2010 [14]

Answer:

11.86%

Explanation:

Piedmont hotels can be described as an all-equity company

Its stock has a beta of 0.82

The market risk premium is 6.9%

The risk free rate is 4.5%

The adjustment is 1.7%

Therefore, the required rate of return can be calculated as follows

Required rate of return= Risk free rate of return + ( beta×market risk premium) + adjustment

= 4.5% + (0.82×6.9%) + 1.7%

= 4.5% + 5.658 + 1.7%

= 11.86%

Hence the required rate of return for the project is 11.86%

7 0

3 years ago

In a market economy, a high price is a signal for:___________.1. Producers to supply more and consumers to buy less. 2. Producer

shepuryov [24]

Answer: Answer is 1

Explanation:

In a market economy, a high price is a signal for producers to supply more and consumers to buy less.

3 0

3 years ago

Read 2 more answers

The following labor standards have been established for a particular product:

swat32

Answer:

$2,430F

Explanation:

The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

Given that;

Actual rate = Actual total labor cost ÷ Actual hours worked

= $119,880 ÷ 8,100

= $14.8 per hour

Standard rate = $15.10 per hour

Actual hours worked = 8,100

Labor rate variance = ($14.8 - $15.10) × 8,100

Labor rate variance $2,430F

8 0

3 years ago