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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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The difference between zero profit and zero economic profit is that:
Marianna [84]

Answer:

The correct answer is letter "A": economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit.

Explanation:

Normal profit is an economic term that means zero economic profits. To an economist, this is normal since total revenue equals total cost which includes both explicit and implicit costs. It differs from the accounting profit or zero profits since the latter does not take into consideration implicit cost.

8 0
3 years ago
A stock with a current market price of $50 and a strike price of $45 has an associated put option priced at $3.50. This put has
Rashid [163]

Answer:

The answer is D

Explanation:

Intrinsic value can be found by simply using the following formula

Put intrinsic value = Strike Price - Current selling price

this gives,

PIV = $45 - $50 = $-5

A put intrinsic value cannot be vegetative as it can be exercised right now at the current price. Thus it is interpreted as 0.

Time value is calculated as follows

Time Value = Option Price - Intrinsic Value

This gives   TV = $3.5 - $0 = $3.5

Hope this helps.

6 0
3 years ago
A firm that uses an international division structure sometimes experiences intra-organizational conflict because ________. Grupo
valkas [14]

Answer:

more resources and management attention tend to get channeled toward the international division than toward the domestic divisions

Explanation:

A firm that uses an international division structure sometimes experiences intra organizational conflict because MORE RESOURCES AND MANAGEMENT ATTENTION TEND TO GET CHANNELED TOWARD THE INTERNATIONAL DIVISION THAN TOWARD THE DOMESTIC DIVISIONS.

4 0
3 years ago
Read 2 more answers
joelle consumes food and clothing. for incomes near her current income, her income expansion path is negatively sloped. indicate
tekilochka [14]

Joelle consumes food and garb. for earning near her modern-day income, her earnings expansion direction is negatively sloped. <u>Increasing </u><u>much less of 1 god whilst profits growth implies consuming extra of the opposite three .at the least one proper must be every day.</u>

The term “profits” commonly refers to the quantity of money, property, and different transfers of price acquired over a set time period in change for products or services. there may be no unmarried, preferred definition: earnings are described consistent with the context in which the idea is used.

Three of the main varieties of profits are earned passive, and portfolio. Earned income consists of wages, salary, tips, and commissions. Passive or unearned earnings may want to come from condominium homes, royalties, and restricted partnerships. Portfolio or funding income includes interest, dividends, and capital gains on investments.

Learn more about capital investments here:-

brainly.com/question/20360874

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7 0
1 year ago
JackITs has 5.0 million shares of common stock outstanding, 1.0 million shares of preferred stock outstanding, and 20.00 thousan
Leya [2.2K]

Answer:

80.88; 7.80; 11.32

Explanation:

Common Stock:

Value = Number × Price

          = 5,000,000 × $28

          = $140,000,000

Preferred Stock:

Value = Number × Price

          = 1,000,000 × $13.50

          = $13,500,000

Bonds:

Value = Number × Price

          = 20,000 × $980

          = $19,600,000

Total value = $140,000,000+ $13,500,000 + $19,600,000

                   = 173,100,000

Weight of common stock = Respective Value ÷ Total Value

                                          = $140,000,000 ÷ 173,100,000

                                          = 80.88

Weight of preferred stock = Respective Value ÷ Total Value

                                          = $13,500,000 ÷ 173,100,000

                                          = 7.80

Weight of Bonds = Respective Value ÷ Total Value

                            = $19,600,000 ÷ 173,100,000

                            = 11.32

7 0
3 years ago
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