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Firdavs [7]
3 years ago
10

During the month of September, direct labor cost totaled $11,000 and direct labor cost was 40% of prime cost. If total manufactu

ring costs during September were $73,000, the manufacturing overhead was:
(A) $16,500
(B) $27,500
(C) $62,000
(D) $45,500
Business
1 answer:
LiRa [457]3 years ago
7 0

Answer:

The correct answer is D: Manufacturing overhead= $45500

Explanation:

Giving the following information, we need to calculate the amount of manufacturing head.

Direct labor= $11000

Direct labor is 40% of prime costs

Total manufactured cost is= $73000

First, we need to calculate the direct material:

Prime cost= direct material + direct labor

If direct labor is 40% of prime costs, then:

Direct material=(11000*60/40=16500

Now, the manufactured cost formula is:

Manufactured cost= direct material + direct labor  + manufacturing overhead

By rearranging the formula:

<u>Manufacturing overhead= Manufactured costs - direct material - direct labor= 73000- 16500-11000=$45500</u>

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The answer is "true".
3 0
3 years ago
During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h
bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

              Population grew by 4%

              GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0
3 years ago
True or false: When units produced are less than units sold, net income under absorption costing will be less than net income co
Oliga [24]

Answer:

True

Explanation:

Generally, net income will be the same under absorption costing and variable costing. However, producing fewer units than units sold will decrease the net income under absorption costing. As whatever the variable cost is under the absorption method, fixed manufacturing overhead remains the same that decreases the gross profit and net income. Under the variable costing, the fixed overhead will be calculated as per the units produced. Therefore, the net income will decrease proportionately.

6 0
3 years ago
Suppose the revenue from producing​ (and selling) x units of a product is given by Upper R (x )equals 10 x minus . 04 x squared
Volgvan

Answer:

marginal revenue is -6

and production levels 200, 50  

Explanation:

given data

R(x) = 10 x - 0.04 x²  

solution

we have given

R(x) = 10 x - 0.04 x²  

so here R'(x)  is

R'(x) = 10(1) - 0.4 (2x)  

R'(x) = 10 - 0.8 x ....................1

so here at x is 20 marginal revenue will be

R'(20) = 10 - 0.8(20)

R'(20) =  10 - 16

R'(20) = - 6

and

when revenue  is ​$400

R(x) = 400

400 = 10 x - 0.04 x²  

x= 200, 50

7 0
3 years ago
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7 0
3 years ago
Read 2 more answers
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