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poizon [28]
3 years ago
12

Which statement is false?

Business
1 answer:
WINSTONCH [101]3 years ago
3 0

Option B, The predetermined overhead allocation rate is based on actual costs.

Explanation:

The term "pre-set overall rate" refers to the allocation rate at the outset of a project, which is based on the expected cost of overhead output for a certain reporting period.

This rate is often used to make book closure quicker as it eliminates estimation of real overhead costs as part of the closing process at the end of the period. Nevertheless, at least at the end of every fiscal year, the disparity between the real and expected overhead sums must be reconciled.

The predetermined rate is derived by calculation as follows:

Estimated amount of manufacturing overhead to be incurred in the period ÷ Estimated allocation base for the period

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A company sold garden hoses at a reduced price of ​$7.54 and took an​ end-of-season markdown of ​$11.45. What was the original s
Vitek1552 [10]

Answer:

The original selling price would be $ 18.99

Explanation:

Given formula is,

M = S - N

Where,

M = markdown,

S = original selling price,

N = reduced price

Here,

M = $ 11.45, N = $ 7.54,

By substituting the values,

11.45 = S - 7.54

⇒ S = 11.45 + 7.54 = 18.99

Hence, the original selling price of the house is $ 18.99

3 0
3 years ago
What european nation profited most from trade with the east?
nydimaria [60]

Answer:

think it was italy

Explanation:

maybe im right

im prob wrong

6 0
3 years ago
Read 2 more answers
Mountain gear has been using the same machines to make its name brand clothing for the last five years A cost efficiency consult
IgorC [24]

Answer:a. The company will be $11,000 better off over the 5 year period if it replaces the old machine.

Explanation:

The purchase of the new machine will bring the annual operating expenses to $9,000 compared to the $15,000 been spent on the old machine which brings in a savings of $6000 and when this is added to the $ 5000 increase sales revenue from the new machine, it means the company will be better off by $11,000 over the next five year if it replaces the old machine.

There is no justification for being $12,000, $20,000 or $6000 better off over the next five year by either replacing or keeping the old machine.

5 0
3 years ago
Suppose Darnell and Eleanor are playing a game in which both must simultaneously choose the action Left or Right. The payoff mat
nalin [4]

Answer: a) Eleanor picks Left as Dominant strategy

b) Both pick LEFT at Nash Equilibrium.

Explanation:

The Dominant strategy is that strategy that once embarked on, gives the highest benefit irrespective of what the other player does.

The Dominant strategy therefore is for ELEANOR to pick LEFT. Should Eleanor pick left, they stand a chance to gain 5 if Darnel picks Left as well and 3 if Darnel picks Right. This is better than picking Right because there Eleanor has a chance of a Payoff of 2.

The Nash Equilibrium of a game is the point where both players are at their best alternative meaning that it is beneficial to both of them to remain where they are.

With Eleanor always picking Left, it would be beneficial for Darnel to pick Left as well and make a Payoff of 6 which is the highest they can make with Eleanor picking Left.

The Nash equilibrium in this game is as follows: DARNEL chooses LEFT and ELEANOR chooses LEFT.

7 0
3 years ago
One orange juice future contract is on 15,000poundsof frozen concentrate. Suppose that in September 2016a company sells a March
Marrrta [24]

Answer:

The company's loss on the contract is $750.

Explanation:

a) Data and Calculations:

Future Contract of 15,000 pounds frozen concentrate:

March 2018 orange juice futures price = 120 cents per pounds

December 2016, the futures price = 140 cents

December 2017, the futures price = 110 cents

February 2018, the futures price = 125 cents

Loss on futures contract = (125 - 120) * 15,000 = $750

b) This futures contract for frozen concentrate is a contract between two parties where both parties agree to sell and buy 15,000 pounds of frozen concentrate at a predetermined price of 120 cents per pound in March 2018, although the contract was entered into in September 2016.

5 0
3 years ago
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