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Finger [1]
3 years ago
9

Which of the following statements is true?

Business
1 answer:
Rzqust [24]3 years ago
6 0

Answer:

The correct answer is option c.

Explanation:

An oligopoly market is a form of imperfect competition where there are a few firms. These firms can produce identical or differentiated products. Because of a few firms in the market, there is a high degree of competition in the market.  

These firms are interdependent such that the economic decisions of a firm affect its rivals. So each firm has to consider the reaction of its rivals before making decisions.

The firms are price makers and face a downward-sloping demand curve.

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Kilt Company used a predetermined overhead rate of $41 per direct labor hour for the year and estimated that direct labor hours
vazorg [7]

Answer:

$205,000

Explanation:

The above is an incomplete question as we were not given actual direct labor hours. From a similar question, I picked 5,000 as the direct labor hours .

With regards to the above information, applied overhead is computed as;

Applied overhead = Overhead rate × Actual direct labor hour

Given that;

Overhead rate = $41

Actual direct labor hour = 5,000

Therefore,

Applied overhead = $41 × 5,000 = $205,000

6 0
3 years ago
Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 4,700 units, its aver
Aleks04 [339]

Answer:

$71,910

Explanation:

The computation of the total amount of the product cost for 4,700 units is shown below:

= ( Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit) × making units

= ($6.10 + $3.60 + $1.70 + $3.90) × 4,700 units

= $71,910

We simply considered the direct material, direct labor, variable manufacturing overhead, and the fixed manufacturing overhead as it comes under the product cost

8 0
3 years ago
Saludable Company produces two types of get-well cards: scented and regular. Drivers for the four activities are as follows:
Neporo4naja [7]

Answer:

1.Consumption ratios for the four drivers in relation to both the cards will be consumption for a particular card/total consumption for both the cards which will be as follows :-

Scented cards Regular cards Inspection hours 100/190=0.53 90/190=0.47 Set up hours 90/120=0.75 30/120=0.25 Machine hours 170/800=0.21 630/800=0.79 Number of moves 210/265=0.79 55/265=0.21

2 .There has been diversification of different activities or drivers among both the products, thus increasing significance of activity Based distribution of overheads. Since if we use blanket rate for allocation of overhead on the basis of machine hours, it will certainly leads to a distorted view as machine hours are significantly higher in case of regular cards whereas consumption of other resources is comparatively lower for it. This, in such a situation its significance certainly gets increased.

3. Activity rates which could be used to assign cost to each product will be calculated as Total cost for the driver/number of units of that driver. It is calculated in the table as follows :-

(A) ( B ) number of units (C=A=B) cost per unit Driver/activity total (hours) of (hour) of cost driver/activity driver/activity

Total cost for the driver/number of units of that driver. It is calculated in the table as follows :-

Driver/activity (A) total cost ( B ) number of units (hours) of driver/activity (C=A=B) cost per unit (hour) of driver/activity Inspecting products 4930 190 (100+90) 25.95 Setting up equipment 4700 120 (90+30) 39.17 Machining 6500 800 (170+630) 8.13 Moving material 1370 265 (210+55) 5.17

4 . We have total inspection cost as 4930 And activity rate for inspecting product is $20per inspecting hour This total inspecting hours will be = 4930/20=246.5 hours Thus total inspection hours would be 246.5.

5 0
4 years ago
Read 2 more answers
Which of the following is the safe way to unhook and hook up a battery
klemol [59]
The safest you can be is with rubber gloves let be serious little kids put in battery ok back to question, dont go near water or hot places make sure power off
4 0
3 years ago
Jerry bought his home 15 years ago for $60,000. Three years ago, Jerry married Debbie and she moved into the same house and has
AnnyKZ [126]

Answer:

The correct answer to the following question is option A) $0

Explanation:

Given information  -

House bought 15 years ago by Jerry at - $60,000

Jerry and her wife Debbie sold the house for - $340,000

The realized gain for Jerry and Debbie on the sale of house - $280,000 ( $340,000 - $60,000 )

Jerry and Debbie wants to file joint tax return , and they are allowed an exclusion up to $500,000. Which means if the amount of gain doesn't exceed $500,000, then they won't have to pay tax on this gain.

4 0
3 years ago
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