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joja [24]
3 years ago
10

White Company has two departments, Cutting and Finishing.

Business
1 answer:
GaryK [48]3 years ago
7 0

Answer:

Cutting = $10.99 per machine hour

Finishing= $15.28 per direct labour hours.

Explanation:

The question requests the predetermined overhead rate for Cutting department and Finishing department

Step 1: What is the formula for the pre-determined overhead rate

For the Cutting Department

Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Machine Hours +Variable Manufacturing Overhead rate per machine hour.

= $390,000/$43,400) + $2

= $10.99 per machine hour

For the Finishing Department

Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Labour Hours +Variable Manufacturing Overhead rate per machine hour.

= $496,000/43,000) + $3.75

= $15.28 per direct labour hours.

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Answer:

b

Explanation:

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If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

There would be no incentive for a firm to sell below equilibrium price because it would be earning losses.

An example of an industry characterised by price taking firms are perfectly competitive industries.

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3 years ago
After reading the new account insert in his monthly​ statement, Tony Mercadante determined that the FDIC considers a joint accou
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Answer: Please refer to Explanation

Explanation:

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Identify which basic principle of accounting is best described in each item below. (a) Norfolk Southern Corporation reports reve
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Answer:

The answers are,

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Explanation:

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3 years ago
A company exhibits strategic intent when ______.
Tcecarenko [31]

Answer:

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3 years ago
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