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ludmilkaskok [199]
3 years ago
10

At the beginning of the year, Titanium Inc. estimated that overhead would be $100,000 and direct labor hours would be 20,000. At

the end of the year, actual overhead was $175,900 and there were actually 35,000 direct labor hours. What is the predetermined overhead rate? a.$5 per direct labor hour b.$6 per direct labor hour c.$3 per direct labor hour d.$4 per direct labor hour e.None of these choices are correct.
Business
1 answer:
Mariana [72]3 years ago
4 0

Answer:

a.$5 per direct labor hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $100,000 ÷ 20,000 direct labor hours

= $5 per direct labor hour

Simply we divide the total estimated manufacturing overhead by the estimated direct labor hours so that the correct rate can come

All other information which is given is not relevant. Hence, ignored it

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Over the last four years, a stock has had an arithmetic average return of 8.8 percent. Three of those four years produced return
m_a_m_a [10]

Answer:

Geometric Average return = 7.83%

Explanation:

First we need to find the missing value of data using Arithmetic mean formula

Arithmetic Mean = Sum of value / No of values

8.8% = Sum of Values / 4

Sum of Values = 8.8% x 4

Sum Values = 35.2%

Using Sum of Values we minus the remaining values in order to get the missing value of the data.

35.20% - 16.3% - 10.2%-(14.1%) = 22.80%

In order to get Geometric mean value we use geometric mean formula

G.M = 4 Sqrt(16.3% x 10.2% x -14.1% + 22.80%)

Geometric Mean = 7.83%

6 0
3 years ago
If the contribution margin is not sufficient to cover fixed expenses:.
Elan Coil [88]

If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

<h3>What is a Contribution Margin?</h3>

The contribution margin can be expressed in gross income terms.  After subtracting the variable element of the firm's expenditures, it indicates the extra money gained for each product sold.

The contribution margin is calculated by subtracting the selling price/unit from the variable cost/unit.

This metric displays how much a certain product adds to the company's total earnings. It displays the share of revenue that helps to pay the firm's fixed costs and gives one approach to illustrate the profit potential of a certain product supplied by a company.

Therefore, If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

Learn more about contribution margin here:

brainly.com/question/24881206

7 0
2 years ago
What is the term for a person who has been appointed by another person to act on her behalf and in her best interest?.
lapo4ka [179]

An individual who has been appointed by another person to act on their behalf and in their best interest is known as an agent.

In legal terminology, an agent is a person who has been empowered legally to act on the behalf of another person. An agent may be employed to represent a client in dealings and negotiations with third parties. Depending on the situation, the agent may be granted decision-making authority.

The agent is given the authority to take necessary action on someone else's behalf.  People usually hire agents to conduct matters that they lack expertise or time to do for themselves.

You can leanr more about Agent at

brainly.com/question/7284696

#SPJ4

4 0
1 year ago
scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increase
kenny6666 [7]

Answer:

Elastic demand

Unit elastic demand

Inelastic demand

Explanation:

Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price.

Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.

If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.

The elasticity of demand is usually greater than 1 when demand is elastic.

Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.

If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

Coefficient of elasticity is usually less than one.

If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.

I hope my answer helps you

3 0
3 years ago
The principal offensive strategy options include all of the following EXCEPT:A.using a cost advantage to attack competitors on t
Len [333]

Answer:

All are options for offensive strategy

Explanation:

In this question, we are trying to select an option which is not in terms with the other options as regards what principal offensive strategy should be.

Now, what the term principal offensive strategy refers to is that it is a type of corporate strategy that pushes for changes within the industry. What we are trying to say is that, the principal offensive strategy pursues an agenda that is pushing for a change within the industry.

Efforts might be concerted or individual steps might be taken. Hence, various techniques or strategies are in place to be used.

Offensive strategy types includes, an end run strategy where a company does not want competition and thus explore the part of the market with little or none.

A preemptive one which seek to conform some advantages on the company as it is the first one based on demographics

Others include: an acquisition and a direct attack strategy

3 0
3 years ago
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