Answer:
$1,250
Explanation:
Calculation for what is the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation
Using this formula
Customer lifetime value (CLV) = r / (1 + i - r)
Let plug in the formula for
Customer lifetime value (CLV) = 0.8 / (1 + 0.12 - 0.8)
Customer lifetime value (CLV) = 2.5
Customer lifetime value (CLV) =($1,000-$5,00)× 2.5
Customer lifetime value (CLV) = $500 x 2.5
Customer lifetime value (CLV) = $1,250
Therefore the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation will be $1,250
Answer:
Total allocated costs= $7,784.21
Explanation:
<u>To allocate overhead to Product U94W, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembling products= 8.90*389= $3,462.1
Processing customer orders= 31.23*53= $1,655.19
Setting up batches= 43.72*61= $2,666.92
Total allocated costs= $7,784.21
The statistical method would be the least squares regression. (: I hope all is well and you end up passing. Good luck, rockstar!
Answer:
(D) $369.31 to $380.69
Explanation:
The formula is x ± t (s/√n)
x = 375
t = 2.010
s = 20
n = 50
Then,
375 ± 2.010 (20/√50)
= 375 ± 5.69
Answer:
$604,800
Explanation:
Applied manufacturing overhead is the manufacturing overhead that has been applied to production in a period.
it is calculated with the formula "budgeted overhead rate * actual labor hr"
Budgeted manufacturing overhead = $562,800
Budgeted Direct labor hours = 20,100
Budgeted Overhead rate = 562800/20100 =$28/hr
Actual manufacturing overhead = $543,705
Actual direct labor hours = 21600
Amount of manufacturing overhead applied = predetermined overhead rate * actual hr =28*21600
=$604,800
