Answer: $57,455.395
Explanation:
Given that,
Fixed assets purchased = $387,950
MACRS rates are as follows:
Year 1 = 0.3333
Year 2 = 0.4445
Year 3 = 0.1481
Year 4 = 0.0741
Depreciation Expense in Year 3:
= Initial Value or Purchase Price of equipment × MACRS rate for Year 3
= $387,950 × 0.1481
= $57,455.395
Oscar's fixed costs of production is $3,000
Answer:
metropolitan .....................................
Answer:
$2.45 per machine hour
Explanation:
The computation of the manufacturing overhead rate is given below:
Given that
Overhead costs are expected = $309,680
Estimated machine usage = $126,400 hours
By using the above information, the manufacturing overhead rate is
= Expected overhead cost ÷ Estimated machine usage
= $309,680 ÷ 126,400
= $2.45 per machine hour
Answer:
E. Labor, capital and management
Explanation:
Productivity refers to efficiency in production which means how much output is produced for available level of inputs. It is measured by output/input ratio.
The variables which determine productivity are labor, capital and management.
Capital refers to the amount of investment an entrepreneur makes in a project. Capital invested determines the resources available.
Labor refers to men employed to produce output. Labor cost refers to the wages paid.
Management refers to carrying out operations effectively so that all factors of production work in synchronization and to ensure that everything is in order.