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Alex_Xolod [135]
3 years ago
8

For​ 2018, Rest-Well Bedding uses​ machine-hours as the only overhead​ cost-allocation base. The direct cost rate is​ $6.00 per

unit. The selling price of the product is​ $21.00. The estimated manufacturing overhead costs are​ $275,000 and estimated​ 40,000 machine hours. The actual manufacturing overhead costs are​ $350,000 and actual machine hours are​ 50,000. Using job​ costing, the 2018 actual​ indirect-cost rate is​ ________.
Business
1 answer:
maria [59]3 years ago
3 0

Answer:

Predetermined manufacturing overhead rate= $6.875 per machine-hour

Explanation:

Giving the following information:

The estimated manufacturing overhead costs are​ $275,000 and an estimated​ 40,000 machine hours.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 275,000/40,000

Predetermined manufacturing overhead rate= $6.875 per machine-hour

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The higher the switching costs for industry members, the more it can limit the supply of products and/or services. enhance suppl
Step2247 [10]

Answer:

limit supplier bargaining power.

Explanation:

Switching costs from industry refers to cost of moving from that industry to another industry.

If these costs are high, industry members would feel pressure to stay in the industry to avoid the high switching costs. So, they would tend to stick to industry. Members' this tendency to stay in industry irrespective of issues, is likely to reduce their bargaining power in the market.

7 0
3 years ago
Marjam Company owns 63,600 shares of MacKenzie Company's 120,000 outstanding shares of common stock. MacKenzie Company pays $120
Tems11 [23]

Answer:

Marjam's entry to record this transaction should include a c. Credit to Long-Term investments for $63,600.

Explanation:

Marjam investment in MacKenzie is a Financial Asset. A financial Asset is an obligation to receive cash.

Marjam will be paid a cash dividend based on the share of ownership it has in MacKenzie.

Share of Ownership = 63,600 shares/ 120,000 outstanding shares

                                  = 53%

<u>Marjam's entry to record cash dividends is as follows </u>

Dividend = $120,000 × 53%

               = $63,600

Debit : Bank $63,600

Credit : Long-Term investments $63,600

5 0
3 years ago
Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrep
kompoz [17]

Answer:

b. $60,000

Explanation:

Implicit cost is the cost which is not shown as a cost in the statement of income.

As it includes basically the opportunity cost.

This will include:

Salary foregone = $45,000

Entrepreneurial skills income = $5,000

Interest on bonds foregone = $100,000 \times 10% = $10,000

Thus, total implicit cost = $45,000 + $5,000 + $10,000 = $60,000

6 0
3 years ago
A bill of material whose purpose is to simplify forecasting, master production scheduling and material requirements planning is
gayaneshka [121]

A bill of material whose purpose is to simplify forecasting, master production scheduling and material requirements planning is called planning bill.

<h3>What is a planning bill?</h3>

This is the term that is used to refer to the group of items that are in a material format bill that would carry the reflection of the way that materials are sold and not the way that it is built. It helps to check for the possible options and the features.

A bill of material whose purpose is to simplify forecasting, master production scheduling and material requirements planning is called planning bill.

.

Read more on planning bill here: brainly.com/question/25811779

#SPJ1

6 0
2 years ago
Spring Airlines is a small budget airline that is based in China. Due to the unfamiliarity ofthis mode of transportation in Chin
san4es73 [151]

Answer:

Hygiene Factor

Explanation:

In order to learn more about the answer, it's best to know about Frederick Herzberg's two-factor theory of job satisfaction and dissatisfaction.

Frederick Herzberg- He is an American psychologist who became very influential in business management. He became very famous for his motivation-hygiene theory of job satisfaction and dissatisfaction (the two-factor theory).

Motivation-Hygiene Theory-  This theory states that there are certain factors in the workplace that cause job satisfaction and dissatisfaction. These are separated from each other and work independently of each other.

The first factor is called the Motivators. This factor gives positive satisfaction to the person from the job itself. It includes responsibility, recognition for one's achievement, opportunity to do something meaningful, etc. The second factor is Hygiene Factor. This factor does not give positive satisfaction or higher motivation. Examples of this are job security, work conditions, salary, fringe benefits, good pay, paid insurance, vacations, etc. They are called "hygiene" factors because they are maintenance factors and are important to the work itself.

In the case of Spring Airlines, the working condition of the employees are not fully met. They are often attacked by unhappy customers who demand compensation for flight delays. This falls under the Hygiene Factor.

4 0
3 years ago
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