Answer:
Estimated manufacturing overhead rate= $29.84 per machine hour.
Explanation:
Giving the following information:
Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours. The Corporation estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated variable manufacturing overhead was $6.82 per machine-hour and the estimated total fixed manufacturing overhead was $230, 200.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (230200/10000)+6.82= $29.84 per machine hour.
When goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.
<h3>What are the journal entries for FOB destination transactions?</h3>
When merchandise is sold on FOB destination terms, it implies that the seller is legally responsible for the safety of the goods until delivered to the buyer. In most cases, the buyer does not pay for the freight.
In such a case, the Seller also records the delivery expense or freight as a period expense.
The buyer does not make any journal entry for the cost of delivery or (freight). Since the seller bears all the delivery risks, the buyer can only pay for the cost of the goods when they reach the buyer's destination.
Thus, when goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.
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The invisible hand concept says that assuming competition, private and public interests will coincide.
<h3>W
hat does the invisible hand concept call for?</h3>
It believes that in order for a society to be well off, there has to be competition between firms.
This competition would lead to increased production which will take care of the country better. This would coincide with the public interest of taking care of citizens.
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Answer:
subsidies
Explanation:
Subsidies refer to financial aid for some specific purpose and to some specific category as decided by the government. As for the instance the government can provide subsidy in the form of house to poor people in the country.
Now here the rich people can afford their own houses and that they can pay the taxes as well which are attached to the the houses, which provide extra benefit to the poor, as the government can provide the subsidy then more efficiently.
The positive externalities increase the benefits for every citizen.