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ahrayia [7]
4 years ago
12

Strong company applies overhead based on machine hours. at the beginning of 20x1, the company estimated that manufacturing overh

ead would be $500,000, and machine hours would total 20,000. by 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. on the basis of this information, the 20x1 predetermined overhead rate was:
Business
1 answer:
Andrej [43]4 years ago
7 0
Hi there

predetermined overhead rate =
estimated manufacturing overhead ÷
estimated machine hours
So
predetermined overhead rate =
500,000÷20,000=25 per machine hour

Good luck!
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When a counselor uses a networked or shared computer for the storage of confidential information on clients, the counselor shoul
Alex

When a counselor uses a networked or shared computer for the storage of confidential client information, the counselor should <u>store confidential records on a portable storage device, rather than on the computer's hard drive</u><u>.</u> A counselor is a person trained to give guidance on personal or psychological problems.

<h3>What is a confidential record?</h3>

Confidential records contain information that for one or more reasons should only be disclosed to specific people or groups.

Therefore, the correct answer is as given above.

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5 0
1 year ago
Reliance Corporation sold 4,500 units of its product at a price of $20 per unit. Total variable cost per unit is $11.00, consist
BaLLatris [955]

Answer:

$40,500

Explanation:

A Companies Contribution Margin is a product's price minus all associated variable costs, this final value gives the products incremental profit earned for each unit sold. Therefore in this scenario, the Contribution Margin for the company is as follows

(4,500 * $20) - (4,500 * $11)

$90,000 - $49,500

$40,500

Therefore the final Contribution Margin for the company is $40,500 dollars.

8 0
3 years ago
The amount you pay for gasoline for your car is an example of a(n):public-good cost.internal cost.external cost.social cost.thir
Andre45 [30]

Answer:

Internal cost.

Explanation:

The gasoline that a person used for his car is an example of an internal cost.

Internal costs are considered as a private costs which were incurred by the firms for the production of goods. It includes labor, depreciation, rents and inputs. These are the costs which is directly borne by a firm or an individual.

It is the direct cost associated with the firms for the production of goods and services.

4 0
4 years ago
1.Your grandparents would like to establish a trust fund that would pay annual payments to you and your heirs of $100,000 a year
leonid [27]

Answer:

$1,666,666.67

Explanation:

This is a time value of money(TVM) question specifically, a perpetuity.

Use the formula for present value of perpetuity to solve it. It is as follows;

PV or perpetuity = Recurring cashflow / interest rate

PV = CF / r

Recurring annual cashflow ; CF = 100,000

rate; r = 6% or 0.06 as a decimal

PV = 100,000 / 0.06

PV = 1,666,666.667

Therefore, your parents will deposit $1,666,666.67 today

3 0
3 years ago
As illustrated here, a binding price ceiling causes a short-run shortage, which then worsens into a long-run shortage. what, in
ioda

Answer:

Explanation:

Price ceiling is a price regulatory system put in place by the government to check how high the price of a product can be. It is binding when it is set below the equilibrium price consequently leading to shortage of goods , but non binding if set above the equilibrium price since the price can still fall back to the equilibrium.

When shortage arises as a result of price ceiling being set below the equilibrium price , black market is formed to resolved the shortage with price set by supply and demand. Goods will be illegally sold at prices above the price ceiling.

The effect on black market in the short run will not be severe as the as demand and supply are still at the inelastic stage , but becomes severe in the long run due to elastics demand and supply.

6 0
3 years ago
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