1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
matrenka [14]
3 years ago
7

The Collins Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate i

s based on machine hours in Dept. A and labor cost in Dept. B. At the beginning of the year, the company made the following estimates: Dept A Dept B Direct labor cost $65,000 $42,000 Manufacturing overhead $91,000 $48,000 Direct labor-hours 8,000 10,000 Machine-hours 3,000 12,000 What predetermined overhead rates would be used in Dept A and Dept B, respectively
Business
1 answer:
maxonik [38]3 years ago
5 0

Answer:

Predetermined overhead rate for department A = 1.4

Predetermined overhead rate for department B = $4

Explanation:

The computation of predetermined overhead rates would be used in Dept A and Dept B, is shown below:-

The predetermined overhead rate for department A =  Manufacturing overhead ÷ Machine hours

= $91,000 ÷ $65,000

= 1.4

The predetermined overhead rate for department B =  Manufacturing overhead ÷ Machine hours

= $48,000 ÷ 12,000  hours

= $4

So, we have applied the above formula.

You might be interested in
Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
Marta_Voda [28]

Answer:

The number of units sold by the company during January 2017 is 410.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:

                                Units         Per unit price         Total

Balance, 1/1/2017        340                  $6.0              $2040

Purchase, 1/15/2017    170                     ..6                  1003

Purchase, 1/28/2017    170                    ..6                  1054

The explanation of the answer is now given as follows:

Total units available for sales during January 2017 = 340 + 170 +170 = 680

Units on hand at end of the month (1/31/2017) = 270

Number of units sold by the company during January 2017 = Total units available for sales during January 2017 - Units on hand at end of the month (1/31/2017) = 680 - 270 = 410

Therefore, the number of units sold by the company during January 2017 is 410.

5 0
2 years ago
How should each instrument be changed if the fed wished to decrease the money supply?
densk [106]
The way each instrument be changed if the fed wished to decrease the money supply is the Fed should conduct :
- Open market sales
- Raise discount rates
- Raise interest paid on reserves.
This will attract more saving from the people.
3 0
3 years ago
There are approximately __ types of federal grants
sveticcg [70]

Answer:

The correct answer would be option C, 3.

Explanation:

There are three types of grants offered by the Federal Government.  

These are as follows:

1) Federal Pell Grants

2) Federal Supplemental Education Opportunity Grants

3) Work Study Programs

Federal Pell Grants provides financial aid to the students, not exclusive to their family income, serves as the prized resource among students. There are certain conditions whom a student must fulfill in order to be eligible for this grant.  

Federal Supplemental Education Opportunity Grants are the financial aids given to the students who have a very low expected family contribution towards their studies.This grant is given to the most needy students.

Work Study Programs also provide the financial aid to the students by providing them part time job opportunities to meet their financial college expenses.

8 0
2 years ago
Read 2 more answers
in a typical balance of payments crisis part 2 a. the interest parity curve shifts out. b. the interest parity curve shifts in.
Wewaii [24]

In a typical balance of payments crisis part the interest parity curve shifts in. Capital exodus results from downward pressure on interest rates, whereas imports rise as income levels rise.

As a result, the exchange rate depreciates, moving the BP curve to the right. The I and Y combinations that result in balance of payments equilibrium are provided by the BP curve. A given domestic price level, a certain currency rate, and a specified net foreign debt are used to build the BP curve. When the capital account deficit equals the current account surplus, equilibrium has been reached. Interest rates between two countries must be equal for interest rate parity to persist in a fixed exchange rate regime.

To learn more about payments, click here.

brainly.com/question/15138283

#SPJ4

6 0
1 year ago
Forey, Inc. competes against many other firms in a highly competitive industry. Over the last decade, several firms have entered
crimeas [40]

Answer:

The market that characterizes the industry in which Forey competes is a market where competition is at its greatest possible level and it is a perfectly competitive market and the reason is because its returns decrease with the entering of new firms, also four-firm concentration ratio and Herfindahl Hirschman index are both quite small, so no one has significant market power to set or even influence the market price. In the short-run Forey Inc’s profit will decrease as more and more new firms enter the market and in the long-run Forey Inc will receive only normal (zero) economic profit.

4 0
3 years ago
Other questions:
  • Before Sarah makes any changes based on the Budget Performance Report for September, she wants to be sure she understands the re
    6·1 answer
  • A monopoly, unlike a perfectly competitive firm, has some market power. Thus, it can raise its price, within limits, without qua
    12·1 answer
  • What is the top priority of dang udin soto, the street vendor?
    8·2 answers
  • Feldpausch Corporation has provided the following data from its activity-based costing system: Activity Cost PoolTotal CostTotal
    8·1 answer
  • Cleo writes a check for $100 drawn on debit & credit bank and presents it to elegant jewelers for payment. if the check is n
    8·1 answer
  • An HR manager for PepsiCo, a company known for its commitment to diversity, is seeking to hire employees who are very comfortabl
    12·1 answer
  • If the length of the axle was cut 5mm shorter, the volume would be reduced to 280.7mm3. What would be the new mass of the axle?
    10·2 answers
  • What is meant by 4/5 rule
    7·1 answer
  • Classify the source of market failure in each case listed.
    6·1 answer
  • How much would it cost for chester corporation to repurchase all its outstanding shares if the price fell by 10%? assume no brok
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!