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Allushta [10]
3 years ago
8

The Mason Corporation budgeted overhead at $240,000 for the period for Department A based on a budgeted volume of 60,000 direct

labor hours. During the period, Mason started and completed Job B25, which incurred 200 labor hours at a cost of $2,200, and $5,000 of direct materials. What was the cost of Job B25?
Business
1 answer:
IgorC [24]3 years ago
4 0

Answer:

$8000

Explanation:

Given: Budgeted Overhead $240,000

          Budgeted Labor Hrs 60,000

          Actual Labor Hrs for Job B25 200

          Actual labor cost for B25 $2,200

          Direct Material cost for B25 $5000

Standard/ Budgeted overhead absorption rate = Budgeted Overheads/ Budgeted labor hours = $240,000/60,000 = $4 per labor hours

Budgeted overheads for actual 200 labor hours = 200 × $4 = $800

Labor cost and material cost incurred for Job B25 = $2200 + $5000 = $7200

Add: Budgeted overhead cost for 200 labor hours = $800

Cost of Job B25 = $7200 + $800 = $8000

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Rob Lowe would like to invest $100,000 in Franklin Inc., which is offering common stock, preferred stock, and bonds on the open
jeka57 [31]

Answer:

1. Franklin Inc. is not under any legal obligation to pay divided to common stock holders. A company can only pay dividend when it makes profit. A company may not pay dividend even when it makes profit because payment of dividend at the discretion of board of directors. Dividends on common stocks are not fixed.

Payment of dividend to preferred stock holders is fixed because preferred stocks are fixed income securities. Dividend in this case does not depend on the financial fortune of a company. In case of cummulative preferred stocks, arrears of dividend in a given year can be carried forward to another year.

Franklin Inc is under a legal obligation to pay interest to debenture holders because the company is under bond to pay principal and interest as and when due. Bonds are also fixed income securities in which interest is fixed regardless of whether the company makes profit or not.

2. Rob Lowe is advised to invest in bonds because he is guaranteed of his principal and interest as and when due since the interest on bond and principal do not depend on the financial fortune of the company.

Explanation:

In the first case, explanations were made on the obligation of the company to pay dividend or interest.

In the second case, explanations were provided on the appropriate investment to undertake.

8 0
3 years ago
What is the role of public administration​
rodikova [14]
Public administration is "centrally concerned with the organization of government policies and programs as well as the behavior of officials (usually non-elected) formally responsible for their conduct". A public administrator’s ultimate goal is the implementation of policies and regulations that further the public’s interests.
7 0
3 years ago
Which of the following refers to the process of​ collecting, analyzing, and interpreting data about​ customers, competitors, and
yKpoI14uk [10]

Answer:

d.  Market research

Explanation:

Market research -

It is one of the important step for the organisation ,

In this process , the information and data is collected , analysed and interpreted with respect to the customers reviews or feedback .

This step helps to enhance the production , sale and marketing of the goods and services the company produces , which in turn increases the profit earned by the company .

Hence , from the given information of the question ,

The correct option is  d.  Market research .

3 0
3 years ago
PLEASE HELP THANKS Common law governs all of the following contracts except: Select one: a. employment contracts. b. constructio
kaheart [24]

Answer:

d. contracts for the sale of goods.

Explanation:

Common law governs all the contracts that are related to employment, services, real estate or construction, insurance, etc

But it does not govern that contract who are related to the Uniform Commerical code (UGC) or by regulations agencies who operates in administrative services

Like the sale or leasing of goods covered under the Uniform Commerical code (UGC) so the same does not come under the common law

hence, the correct option is d

8 0
3 years ago
The steepness of the demand curve is determined in part by the degree of substitutability between products. If buyers see produc
AleksandrR [38]

Answer: Flatter; Steeper.

Explanation:

Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.

The steepness of the demand curve is typically determined by the degree of substitutability between the products. In cases where the buyers see the products as good substitutes, the demand will be flatter .

The flatter demand curve shows that there is a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand will be steeper.

8 0
3 years ago
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