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Phantasy [73]
3 years ago
11

Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121

,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to: Multiple Choice $10.37 $12.10 $11.10 $11.30
Business
2 answers:
mixer [17]3 years ago
8 0

Answer:

The predetermined overhead rate is $12.10

Explanation:

Predetermined overhead rate can be calculated using the formula below :

Estimated total fixed manufacturing overhead / Estimated direct labor hours

= $(121000/10,000)

= $12.10.

Predetermined overhead rate = $12.10.

Thus option B is the best answer choice

kherson [118]3 years ago
6 0

Answer:

$12.10

Explanation:

Predetermined overhead rate rate is the rte which is used to apply the overhead to different departments and products using a given basis like Labor hour, machine hours etc.

Estimated Manufacturing overhead = $121,000

Estimated direct labor hours = 10,000 hours

Predetermined overhead is calculated by using following formula

Predetermined overhead = Estimated Manufacturing overhead / Estimated direct labor hours

Predetermined overhead = $121,000 / 10,000

Predetermined overhead = $12.10

Predetermined rate of $12.10 will be used to apply overhead to different department or product or project by using direct labor hour consumed by each.

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How is a command economy different from a mixed economy?
Alex73 [517]

Answer:

A. A command economy depends largely on the government, whereas a mixed economy involves individuals and businesses, too.

Explanation:

A command economy is a system in which the government is the one that decides the goods that can be produced and establishes the prices of them and the mixed economy is a system that involves the goverment which has some control but also, the private sector. This means that the production and the prices depend on the supply and demand.

5 0
3 years ago
Please answer those 3 questions <br> (+ calcul please)
Slav-nsk [51]

Answer

1. D

2. C

3. A

Explanation

1.

To identify the return below is the formula to calculate the Return

Net Return = Current Worth - Total of Purchase

Net Return = $260,000 - $250,000

Net Return = $10,000

Answer 1 = D

2.

below is the formula to calculate Rate of Return

Rate of Return = ( Current Value - Original Value)/Original Value

Rate of Return = ($260,000-$250,000)/$260,000

Rate of Return =

.

Rate of Return = 3.86%

if round off it we found

Rate of Return = 4%

Answer 2 = C

3.

first we need to calculate the what is the value of after the inflation 2.5%

260000 \times2.5\%

$6,500

current worth - inflation amount

$260,000 - $6,500

$253,500

now calculate the rate of return

($253,500 - $250,000)/($253,000)

$3,500/$253,000

1.38%

if we round off 1.38% then we found 1.5%

Answer 3 is A 1.5%

8 0
3 years ago
If a person wants to start a business but limit the amount of liability he is responsible for, a _____________ would be most app
vladimir1956 [14]
He is responsible for a sole partnership
3 0
3 years ago
Write the AddressList method newBusiness. This method searches addresses for an existing business with an identical address (i.e
max2010maxim [7]

Answer:

See explaination

Explanation:

// Address.java

public class Address {

/**

* The name of the business

*/

private String name;

/**

* The name of the street the business is on

*/

private String street;

/**

* The street number of the business

*/

private int number;

/**

* Constructs an Address that represents a business with name nm,

* at number no on the street st

*/

public Address(String nm, String st, int no)

{

name = nm;

street = st;

number = no;

}

/**

* Returns the name of the business

*/

public String getName()

{

return name;

}

/**

* Returns the name of the street on which the business is located

*/

public String getStreet()

{

return street;

}

/**

* Returns the street number of the business

*/

public int getNumber()

{

return number;

}

}

//end of Address.java

//AddressBook.java

import java.util.ArrayList;

import java.util.List;

public class AddressBook {

/**

* The list of business addresses. No two businesses in the list

* can have the same address (both the same street and street number)

*/

private List<Address> addresses;

/**

* Constructs an empty AddressBook

*/

public AddressBook()

{

addresses = new ArrayList<Address>();

}

/**

* atparam st the name of a street

* atreturn a list with the names of each business with an address on that street

*/

public List<String> onStreet(String st)

{

// create an empty output list of names of business

List<String> businessName = new ArrayList<String>();

// loop over the list of addresses

for(int i=0;i<addresses.size();i++)

{

// if ith street of address = nm, add the name of the business to the output list

if(addresses.get(i).getStreet().equalsIgnoreCase(st))

businessName.add(addresses.get(i).getName());

}

return businessName; // return the list

}

/**

* Searches for an existing business with an identical address (street and number

* both match). Updates the record to an address with name nm, street st and number no.

* If no entry already exists adds a new address to the end of the list with these parameters.

*

* atparam nm the name of the business

* atparam st the street the business is on

* atparam no the street number of the business

* atreturn the index of where the business address is on the list

*/

public int newBusiness(String nm, String st, int no)

{

// loop over the list of addresses

for(int i=0;i<addresses.size();i++)

{

// if ith index addresses match the street and number of the input st and no

if((addresses.get(i).getStreet().equalsIgnoreCase(st)) && (addresses.get(i).getNumber() == no))

{

addresses.remove(i); // remove the ith address from list

addresses.add(i, new Address(nm,st,no)); // add a new address with the input name, street and number at ith index

return i; // return the index i

}

}

// if no address match, add the business at the end of the list

addresses.add(new Address(nm,st,no));

return addresses.size()-1; // return the last index

}

}

//end of AddressBook.java

5 0
3 years ago
List two ways the decision making matrix model is used to consider risk
Julli [10]

<em>Answer:</em>

1-Likelihood

2- Outcome

<em>Explanation:</em>

<u>1-Likelihood :</u> It is a mechanism for measuring the level of risk in the matrix model. A risk assessment is effective for risk prevention and guidance for decision making.

<u>2- Outcome:</u> It is a tool that assists in decision making based on measurement of results. Through the results it is possible to measure the strengths and weaknesses of a given period and outline strategies to correct the failures.

8 0
3 years ago
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