The Mykari Publishing House invested in buying high-end machinery that allowed its newspapers to be printed at twice the speed o
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Answer:
E) bowed out shape of the production possibilities frontier.
Explanation:
The production possibilities frontier curve is usually has a bowed out shape because as the production of one of the products increases, the opportunity cost of producing the other product also increases.
As shown in the attached image, as the production of Y increases, the opportunity cost of producing X will also increase, giving the curve a bowed shape. The same happens to the opportunity cost of producing Y when the production of X increases.
Answer:
$9,400
Explanation:
We know,
predetermined overhead rate for machine hour =
Given,
Total overhead cost = $690,900
Total machine hours = 1,470
Putting the values into the formula, we can get
predetermined overhead rate for machine hour =
predetermined overhead rate for machine hour = $470
When we use a separate job, the overhead cost will be = predetermined overhead rate × total hours used by the job.
The amount of overhead should be applied to Job 65A if that job uses 20 machine hours during January = 20 hours × $470 = $9,400