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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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One primary function of Harriet's job is to study individuals, groups, or organizations and the processes they use to select, se
s2008m [1.1K]

Answer:

consumer behavior

Explanation:

Consumer behavior refers to the study of the behaviors and the wants and needs of the customers. The actions or activities which the consumers do in the market place which highlights their behavior studies under consumer behavior. In the above case, Harriet's job is specifically included under studying consumer behavior.

3 0
3 years ago
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those good
ikadub [295]

Answer: substitute

Explanation:

After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are substitutes.

Substitute goods are the goods that serve thesame functions and one can be used to replace the other one. Since both goods produced are substitutes, that means when there's price increase, even though consumers shift from one good to another, there's still rise in price which will increase profits

7 0
3 years ago
Which of the following is NOT one of the four characteristics of IPOs that puzzle financial economists? Select one: a. The long-
Serhud [2]

Answer:

A

Explanation:

IPO , a synonym for initial public offering is a process of offering to the public new stock issuance through an underwriter.

IPO comes with a lot of benefit , nevertheless financial economist  have some concern about it .

Of all the options given in the question , the long run of a new public company , (three to five years from the date of issue) being superior to the overall market returns is the only exception

7 0
3 years ago
The Magnolia Company's Division A has income from operations of $80,000 and assets of $400,000. The minimum acceptable rate of r
Afina-wow [57]

The residual income for the Division A of Magnolia Company for an income from operations of $80,000 will be $32,000.

<h3>What is residual income?</h3>

Residual Income is the total of total income from operations less the minimum acceptable rate of return on the deployed assets for such operations over a financial period.

Using the above information, it can be ascertained that the residual income will be,

\rm Residual\ Income = Income\ from\ Operations - Rate\ of\ Return\ x\ Assets\\\rm Residual\ Income = 80000- (12\%\ x\ 400000)\\\\\rm Residual\ Income = \$32,000

Hence, the residual income will be as computed above.

Learn more about residual income here:

brainly.com/question/27330050

#SPJ1

8 0
2 years ago
10) A blue ocean strategy A. B) involves a preemptive strike to secure an advantageous position in a fast-growing market segment
Zarrin [17]

Answer:

The correct answer is D) offers growth in revenues and profits by discovering or inventing a new industry or distinct market segment that renders rivals largely irrelevant and allows a company to create and capture altogether new demand.

Explanation:

The blue ocean strategy is a marketing theory that determines the need for organizations to forget about competition and focus especially on creating their own growth possibilities, which allows perceiving other variables that are of greater importance for business and that generally remain hidden due to the price war in which the market has been involved.

4 0
3 years ago
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