Answer:
C. straight back chairs will be overcosted
Explanation:
Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs are made by hand. Miller Company uses a company-wide overhead rate that is based on direct labor hours to assign overhead costs to the two products. If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis:
A. rocking chairs will be undercosted
B. There should be no impact on unit cost
C. straight back chairs will be overcosted
D. rocking chairs will be overcosted.
EXPLANATION
If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis then the straight back chairs will be overcosted<u> because the automation process directly implies that it no longer drives labor hours since it is no longer made by hand.</u>
Automated processes should use machine hours rather than labor hours, for the allocation of its overhead.
Answer:
good morning I hope you l I e for the update on the answer to the answer to the question on the answer to the question on the answer to the question on the answer to the question on the
Answer:
7 loans were made to clients with Graduate education who also had 17 years of experience
Explanation:
We have to solve for which is the intersection between the two groups.
66 is the count for +17 years
83 is the count for Graduate
the two groups is 149 loans
Then, we have 142 loans which are not part of both groups. Therefore, the difference are the loan count which do belong to both groups:
149 total loans - 142 loans out = 7
Answer:
101.12 million
Explanation:
<em>The present value of a future cash flow is the amount that can be invested today at a particular rate for a certain number of years to have the future cash flow </em>
The present value of the liability
= FV × (1+r)^(-n)
= 800 × (1.09)^(-24)
= 101.12 million
The present value of this liability= 101.12 million
