Based on your debt per month and your gross income, the monthly personal debt ratio is 20%.
<h3>How can you find the monthly personal debt ratio?</h3>
This can be found as:
= Personal debt / Gross income
Solving gives:
= 2,000 / 10,000
= 20%
In conclusion, the personal debt ratio is 20%.
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Answer:
Allocated MOH= $825
Explanation:
Giving the following information:
The company recently completed Job M800 which required 150 direct labor-hours.
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (90,000/50,000) + 3.7
Predetermined manufacturing overhead rate= $5.5 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 5.5*150
Allocated MOH= $825
Answer:
The correct answer is option b.
Explanation:
A steep demand curve implies that the demand is relatively inelastic. In other words, a significant change in price will cause a small change in the quantity demanded.
A flatter demand curve, on the contrary, implies that a small change in price will cause a greater change in quantity demanded. In other words, demand is relatively elastic.
A change in price will not cause demand to change if the elasticity of demand is perfectly inelastic or when the demand curve is a vertical line.
A change in demand will be equal to the change in price if demand is unitary elastic.
Answer: $283,140
Explanation:
Total Cost = Materials cost + Conversion cost
Conversion cost per unit = (Direct labor + Factory overhead ) / Equivalent units of production
= (142,300 + 57,200)/ ( 18,000 + (2,000 * 30%))
= 199,500/ 18,600
= $10.73 per unit
Direct material cost is $5 per unit from the question.
Total cost of the 18,000 units;
= (18,000 * 5) + (18,000 * 10.73)
= $283,140