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Licemer1 [7]
3 years ago
9

Laramie, Inc., has an operating environment with considerable uncertainty. The company prepares the budget for several different

volume levels. Laramie had the following budgeted data: Budgeted variable costs per unit: Direct materials $7.00 Direct labor 10.00 Supplies 1.00 Indirect labor 0.50 Power 0.05 Budgeted fixed overhead for 2018: Supervision 4,000 Depreciation 3,000 Rent 2,000 What are the budgeted costs for rent if 5,000 units were produced
Business
1 answer:
Arisa [49]3 years ago
8 0

Answer:

$2,000

Explanation:

The cost incurred by an entity during production may be recognized in two groups namely the fixed costs and the variable cost.

While the fixed cost are cost elements that remain constant at a given range of activity levels, the variable cost change as the activity level (that is the units produced) changes.

The rental cost, supervision and depreciation are cost elements that are fixed.

Hence where 5,000 units were produced, budgeted cost for rent is $2,000.

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Wewaii [24]

Answer: C. sales promotion

Explanation:

Flowrider used coupons which are quite a popular method of Sales Promotion. Sales Promotion refers to strategies used to increase sales such as discounts and sampling.

Coupons are a type of discount as shown in the question that allow for customers to receive discounts on purchased goods if they have said coupons. As they are a discount and are meant to increase sales, they are a method of Sales Promotion.

8 0
4 years ago
Which corporation has a so-called "revolving door" regarding the number of former employees working in the economic sectors of v
Soloha48 [4]

Complete Question:

Which corporation has a so-called "revolving door" regarding the number of former employees working in the economic sectors of various administrations?

A) AIG

B) Goldman Sachs

C) JP Morgan Chase

D) Citigroup

Answer:

The corporation that has the so-called "revolving door" regarding the number of former employees working in the economic sectors of various administrations is:

B) Goldman Sachs

Explanation:

"Revolving door" refers to the ease that former employees can move from the private sector to the public sector and vice-versa.  Several Goldman Sachs former employees have left the corporation to work in various government positions.  Many of these employers argue that they have taken advantage of their expertise rather than their connections to move from one sector to another.  Others argue that they bring in invaluable knowledge and skills to bear upon policy formations and other regulatory roles.

3 0
3 years ago
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs t
Masteriza [31]

Answer:

55,000 Credit balance

Explanation:

Mango Company

Predetermined overhead rate /Estimated overhead cost

= $600,000 / $300,000

Estimated direct labor cost = 200%

Applied overhead :

=Actual direct labor cost of $335,000 × 200%

= $670,000

Overhead incurred-Overhead applied

$615000 – $670,000

=$55,000

Therefore At year-end, the balance in the Factory Overhead account is a: credit of $55,000

8 0
3 years ago
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Within the joint environment, cooperation requires team players, and the willingness to share
agasfer [191]

The answer is: Credit with all team members

When the credit for the success of the team only given to one person, it most likely create a situation when other team members felt that they are not being valued for their efforts. Sharing credit with all team members would make team members felt that their presence/effort matters.

7 0
3 years ago
Read 2 more answers
_______ are the rituals and ceremonies of a company, as well as the manner of dress, awards, myths and stories told about a comp
saul85 [17]

Answer:

Observable artifacts of organizational culture

Explanation:

5 0
4 years ago
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