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Zielflug [23.3K]
3 years ago
6

Motorsports, Inc. had a predetermined overhead rate of $2 per direct labor hour. The direct labor hours were estimated to be 25,

000. The actual manufacturing overhead incurred was $47,000 and 24,000 actual direct labor hours were worked. How much was overhead over/under applied last year
Business
1 answer:
Marat540 [252]3 years ago
7 0

Answer:

$1,000

Explanation:

For the computation of overhead over/under applied last year first we need to find out the applied overhead which is shown below:-

Applied overhead = Actual direct labor × Per direct labor

= 24,000 × $2

= $48,000

Over applied overhead = Applied overhead - Actual overhead

= $48,000 - $47,000

= $1,000

Therefore for computing the overhead over/under applied last year we simply applied the above formula.

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rusak2 [61]

Answer:

The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.

In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).

MRP = output units per additional unit of labor x price per unit = U x $9

MC = $700

U x $9 = $700

U = $700 / $9 = 77.78, so we round up to 78 units

In order to maximize profit, each additional unit of labor must generate 78 additional units of output.

6 0
3 years ago
Which type of clause enables a seller to keep a property on the market after receiving a contingent offer, and to accept an offe
USPshnik [31]

Answer:

Bump clause

Explanation:

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According to this, the answer is that the type of clause that enables a seller to keep a property on the market after receiving a contingent offer, and to accept an offer from a second buyer is a bump clause.

3 0
2 years ago
In 2000, Michael purchased land for $100,000. Over the years, economic conditions deteriorated, and the value of the land declin
PIT_PIT [208]

Answer:

D) $41,000 loss.

Explanation:

3 0
2 years ago
Phil enters into a contract with Quality Resorts, Inc., to work as a chef. Under the plain meaning rule, the meaning of this con
icang [17]

Answer:

"The face of the instrument"

Explanation:

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Answer:

The correct answer is (C)

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3 years ago
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