Answer:
$0.19 per direct labor hour
Explanation:
It is important to keep in mind the following :
Overhead application rate = Budgeted Overheads ÷ Budgeted Activity
also,
Applied Overheads = Overhead application rate x Actual Activity
Using the formula :
Applied Overheads = Overhead application rate x Actual Activity
hence,
Overhead application rate = Applied Overheads ÷ Actual Activity
therefore,
Overhead application rate = $6,500 ÷ $35,000
= $0.185 or $0.19 per direct labor hour
Answer: $153,000
Explanation:
Stockholders' equity, also known as shareholders equity, is the book value of the organisation. In other words it is the assets left over after all liabilities have been deducted (Equity = Assets - Liabilities). This equity consists of 2 elements: The ordinary share equity (capital), which is the montary value of the shares issued by an organisation, and retained earnings, which is the amount of income left over after dividends have been paid out. In this case the stockholders equity is calculated as follows:
Opening balance: $136,000
Revenue for September: +$38,000
Expenses: - $21,000
Total: $153,000
Purchased equipment of $5,000 is not included in this figure, as it falls under assets and is accounted as such. Once accounted, then the total assets figure will be used to deduct liabilities from, and the balance must equal the shareholders equity ($153,000) above.
Answer:
maximum profit ($30 in total) is obtained by selling 5 units
Explanation:
- if the market maker buys and sells one unit, his/her profit = $15 - $5 = $10
- if the market maker buys and sells two units, his/her profit = $10 + ($14 - $6) = $18
- if the market maker buys and sells three units, his/her profit = $18 + ($13 - $7) = $24
- if the market maker buys and sells four units, his/her profit = $24 + ($12 - $8) = $28
- if the market maker buys and sells five unit, his/her profit = $28 + ($11 - $9) = $30
the maximum profit per unit is obtained by selling only 1 unit, but the total maximum profit is obtained by selling 5 units.
Answer:
It is True.
Explanation:
A population may refer to an entire group of people, objects, events, hospital visits, or measurements.
Answer:
D. The price per unit changes as volume changes.
Explanation:
According to the assumption of cost-volume-profit (CVP) analysis, the fixed cost will remain constant. It will never be changed. Because of the change in volume, the total cost would get affected that means the total cost amount is changed as compare before. As the volume changes, the price per unit is also the same.
So, the appropriate option is d. As the sales volume changes with the change in volume and the same are applied for variable cost.
