Answer:
$3.6
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor costs)
= $1,584,000 ÷ $440,000
= $3.6
It shows a relationship between the estimated manufacturing overhead cost and the estimated direct labor cost so that the correct overhead rate can be computed
Answer: As the Oxford dictionary states it, Probability means ‘The extent to which something is probable; the likelihood of something happening or being the case’.
In mathematics too, probability indicates the same – the likelihood of the occurrence of an event.
Examples of events can be :
Tossing a coin with the head up
Drawing a red pen from a pack of different coloured pens
Drawing a card from a deck of 52 cards etc.
Either an event will occur for sure, or not occur at all. Or there are possibilities to different degrees the event may occur.
An event that occurs for sure is called a Certain event and its probability is 1.
An event that doesn’t occur at all is called an impossible event and its probability is 0.
This means that all other possibilities of an event occurrence lie between 0 and 1.
Explanation:
Answer:
A mixture is a substance made by combining two or more different materials in such a way that no chemical reaction occurs. A mixture can usually be separated back into its original components. Some examples of mixtures are a tossed salad, salt water and a mixed bag of M&M's candy.
Answer:
Superstore
Explanation:
There are different stores but the supermarket can satisfy customers ' needs and wants
The supermarket is a very major retail store that sells a wide range of products such as food, shoes and accessories, clothing and accessories, sportswear, jewelry, beauty products, computers, electronic equipment, travel bags, household appliances, etc.
This is the store that, under the same roof, can satisfy the customer's desires and try to meet their expectations.
Answer:
The correct answer is A) cost principle.
Explanation:
According to the cost principle, the acquired assets and services must be recorded at their actual cost (also called historical cost). Although the buyer thinks that he obtained a bargain, the good is recorded with the price paid in the transaction, not at its “expected” cost. Assume that your sound equipment store acquires equipment from a vendor in liquidation. Consider also that the transaction is a bargain and pay just $ 2,000 for the equipment that would normally have cost you $ 3,000. The cost principle needs to record the actual cost of $ 2,000, not the $ 3,000 that the equipment is worth.
