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
Semenov [28]
3 years ago
15

The Work-in-Process inventory account of a manufacturing firm shows a balance of $4,090 at the end of an accounting period. The

job cost sheets of two uncompleted jobs show charges of $570 and $370 for materials, and charges of $600 and $800 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of: Multiple Choice 43%.
Business
1 answer:
Assoli18 [71]3 years ago
6 0

Answer:

125%

Explanation:

The computation of predetermined overhead rate is shown below:-

Manufacturing overhead = $4,090 - ($570 + $370 + $600 + $800)

= $4,090 - $2,340

= $1,750

Total direct labor = $600 + $800

= $1,400

Manufacturing overhead = Predetermined overhead rate × Direct labor

Predetermined overhead rate = Manufacturing overhead ÷ Direct labor

= $1,750 ÷ $1,400

= 125%

Therefore for computing the predetermined overhead rate we simply divide the manufacturing overhead by direct labor.

You might be interested in
Andy wants to install a new internet connection. He went to take the fastest he can get. What are the maximum speeds for
tresset_1 [31]
Please provide adequate options to choose from.
4 0
3 years ago
Read 2 more answers
........................
diamong [38]
I think it is D ...... sorry if it is wrong .-.
7 0
3 years ago
An economist would be more likely to argue against reducing inflation if she thought that a. the central bank lacked credibility
Fantom [35]

Answer:

b. the central bank lacked credibility and if bonds were usually indexed for inflation.

Explanation:

Economics can be classified into two (2) categories, namely;

1. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.

Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.

2. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

When this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation.

In conclusion, an economist is more likely to argue against a reduction in inflation if she thought that the central bank lacked credibility and if bonds were usually indexed for inflation.

8 0
2 years ago
The _____ quality attributes are embedded in the total product, that is, the physical or core product and all the additional fea
Agata [3.3K]
If I've got it right, the answer with missing word looks like this: The market-perceived quality attributes are embedded in the total product, that is, the physical or core product and all the additional features the consumer expects.
6 0
3 years ago
Which of the following statements is false?
Brilliant_brown [7]

Answer:

The false statement is letter "C": Stratification of the population into several homogeneous sub-populations generally reduces audit efficiency.

Explanation:

Stratification is the method of grouping a population into subpopulations, with each group of units having similar characteristics. The efficiency of audits can be increased if the auditor stratifies a population by grouping it into different sub-populations since the variability of items will be reduced.

8 0
3 years ago
Other questions:
  • Inferring Transactions from Financial Statements
    9·1 answer
  • Mandesa, Inc. has current liabilities of $9,500,000, current ratio of 2.0 times, inventory turnover of 12 times, average collect
    11·2 answers
  • Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. Assuming that the fixed monthly expe
    11·1 answer
  • 3. Vegetables wilt or soften and their color intensifies as they
    5·1 answer
  • You are considering an investment in a startup that will cost $100,000 but you will receive a cash inflow of $25,000 every year
    10·1 answer
  • Which of the following is true? Multiple Choice
    9·1 answer
  • What is the difference between purpose and objectives in setting goals for future .​
    9·1 answer
  • Patrick, an attorney, is the sole shareholder of Gander Corporation, a C corporation. Gander is a personal service corporation w
    9·1 answer
  • How do consumers take part in the resource market?
    11·1 answer
  • On January 1, 2015, Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,00
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!