Answer:
1. $8.25
2. $313,500
Explanation:
Given that,
Variable overhead cost per direct labor-hour = $2.00
Total fixed overhead cost per year = $250,000
Budgeted standard direct labor-hours (denominator level of activity) = 40,000
Actual direct labor-hours = 39,000
Standard direct labor-hours allowed for the actual output = 38,000
1. Total overhead cost at denominator level of activity:
= Total fixed overhead + Total variable overhead
= $250,000 + (40,000 × $2.00
)
= $250,000 + $80,000
= $330,000
Predetermined overhead rate:
= Total overhead cost at denominator level of activity ÷ Budgeted standard direct labor-hours
= $330,000 ÷ 40,000
= $8.25
2. Overhead applied:
= Standard direct labor-hours allowed for the actual output × Predetermined overhead rate
= 38,000 × $8.25
= $313,500
A restaurant is a place where <u>food and drinks</u> are prepared and served to clients. Meals are often served and consumed on-site, however many restaurants also provide take-out and food delivery services.
Alejandro is a<u> bartender</u> and Mei is a<u> Chef</u>.
<h2 /><h2>The reasons for the selection of their Job position:</h2>
<h3>Alejandro:
</h3>
- Alejandro works in a restaurant at night.
- His work is preparing drinks for customers.
- He serves drinks to those <u>sitting nearby</u>, but he also prepares drinks for <u>waiters to distribute</u> to guests around the restaurant.
- Alejandro is almost certainly a bartender.
<h3>Mei:
</h3>
- Mei works long hours as a waitress in a restaurant.
- She creates the restaurant's menu, manages kitchen employees, and prepares food.
- Mei is probably a chef or a cook.
For more information about the related question, refer below:
brainly.com/question/24531289
Answer:
B. Resource markets provide the materials businesses need.
Explanation:
A resource market is where businesses buy materials they require for the production of other goods. They are markets for inputs of production. Resource market contrast finished goods markets where customers buy consumer goods and services.
Resource markets are where businesses obtain the factor of production. Land, labor, and capital are purchased from the resource markets.
Answer:
a. Income Statement for the month of October 2022
<u>Revenue:</u>
Service revenue $19,540
<u>Expenses:</u>
Salaries and Wages $2,800
Supplies Expenses $360
Depreciation Expenses $260
Interest Expenses <u>$350 </u>
Total Expenses <u>$3,770</u>
Net Income <u>$15,770</u>
<u />
b. Retained earnings statement for the month of October 2022
Retained Earnings, October 1, 2020 $0
Add: Net Income <u>$15,770 </u>
Retained Earnings, October 31, 2020 <u>$15,770</u>
Answer:
Fixed budget.
Explanation:
A fixed budget can be regarded as financial plan which is not been modified for any variations that could come up in actual activity. In most times some companies may have experience of substantial variations as regards their expected activity levels within the encompassed period of budget as well as the amounts in that budget. The budget cost allowances in a fixed budget for each cost item cannot be changed as regards the variable items. It should be noted that in Fixed budget the master budget is based on a single prediction for sales volume, and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur.
