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Fantom [35]
3 years ago
11

Basic Company uses activity-based costing. Assume the predetermined overhead allocation rates are $0.90 per machine hour for mix

ing department and $2.20 per test for sampling department. Assume that each unit requires 3 machine hours and 2 tests.
What is the mixing and sampling cost assigned to one unit?
a) $0.90 mixing;$2.20 sampling
b) $2.70 mixing; $2.20 sampling
c) $0.90 mixing; $ 4.40 sampling
d) $2.70 mixing; $4.40 sampling
Business
1 answer:
Elodia [21]3 years ago
7 0

Answer:

$2.70 mixing; $4.40 sampling

Explanation:

Activity based costing is a process by which the various activities in a production process are identified and cost allocated to each one. Each of these actity costs are added as product cost. It involves assigning indirect cost to direct cost.

For mixing department the cost rate is $0.9 per hour for 3 machine hours. So cost is (0.9* 3)= $2.7

For sampling the rate is $2.20 for 2 tests. So cost is (2.20* 2)= $4.4

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Alena hopes that a good outline will accomplish Which of the following for her
natka813 [3]

Answer:

D. Help her distinguish between main topics and subtopics.

Explanation:

During a presentation, a good outline helps to list out the main points of the presentation in an orderly and easily understood manner.

For Alena, during her presentation, she would hope that a good outline would help her to distinguish between the main topic and subtopics.

8 0
3 years ago
1.) The PERCENTAGE of interest or dividends earned on money that is invested
EastWind [94]

Answer:

Rate of return.

Explanation:

Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

Hence, the rate of return is used as a long-term decision-making tool to determine whether or not an investment is worth it.

5 0
3 years ago
Consider the following: Farmer Smith bought seed and fertilizer for $100. He grew wheat that he sold to the Wander Bread Company
Rom4ik [11]

As per the given case, the amount that is added to GDP is $350.

<h3>What do you mean by GDP?</h3>

GDP refers to the measure of all final goods and services that have been bought by the final user produced in the country.

As per the given case, Farmer smith bought seed and fertilizer for $100. He grew wheat that he sold to the wander bread company. Consumers bought the bread from the grocery for $350. Therefore, it was added to the GDP.

So, $350 was added to the GDP.

Learn more about GDP here:

brainly.com/question/15682765

#SPJ1

3 0
2 years ago
What is the future value of $12,000 after 5 years if the appropriate interest rate is 6%, compounded semiannually?
gladu [14]

Answer:

FV = $16126.99655 rounded off to $16127

Explanation:

To calculate the future value of a sum of money, we simply multiply the present value by (1 + interest rate) for the period of time that we require the amount to be compounded. Thus, the formula for the future value of a sum of amount with annual compounding is,

FV = P * (1+i)^t

Where,

  • FV is future value
  • PV is present value
  • i is the interest rate
  • t is the period of time

For semi annual compounding, we simply divide the annual i by 2 and multiply the t by 2. So, Future value of an amount with semi annual compounding will be,

FV = P * (1 + i/2)^t*2

FV = 12000 * (1 + 0.06/2)^5*2

FV = 12000 * (1+0.03)^10

FV = $16126.99655 rounded off to $16127

6 0
3 years ago
If demand is inelastic, a drought around the world would ___the total revenue that farmers receive from the sale of grain.
Elena L [17]

Answer:

Raises ;

C. A drought in Kansas is not significant enough to affect the worldwide price of grain.

Explanation:

Drought is a situation where there is shortage of water due to prolong absence of rainfall.

This is because, when Kansas has a drought, purchasers or buyers can substitute  wheat from other places for Kansas wheat.

But, when the whole world has a drought, purchasers or buyers have no other suppliers of wheat to substitute.  This means that, no area will have wheat so that the buyers can buy, because every area will be affected by the drought.

In this case,the demand for wheat is inelastic in the short run.

7 0
3 years ago
Read 2 more answers
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