Answer:
Under applied = - 40000
Explanation:
Given the estimated manufacturing overhead = $1200000
The direct labor hour = 50000
Direct labor wage rate = $12 per hour
Actual overhead value = $1340000
Now first find the pre-determined overhead rate.
Pre-determined Overhead Rate = 1200000/50000 = 24
Now find the applied overhead.
Now the Applied Overhead = 650000/12 × 24 = 1300000
Given Actual Overhead = 1340000
Under applied = 1300000 - 1340000 =- 40000
Answer:
True
Explanation:
Routinized response behavior is the decision making process used by consumers when they buy frequently purchased, low cost items that require very little search and decision effort.
Convenience goods are low cost goods that are purchased frequently with very little search and decision effort, e.g. candy, cold drinks, etc.
Answer:
Correct Answer:
only a monopolistically competitive firm operates at its efficient scale.
Explanation:
In a given market, a given organization or firm could operate either in a monpolistically competitive or perfectively competitive at its efficient scale. However, in the long run, only a monopolistically competitive firm operates at its efficient scale.
Answer:
bonds require payment of periodic interest and par value at maturity bonds.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
The disadvantages of bonds are listed below as;
1. Bonds typically require a payment of periodic interest.
2. Bonds require a payment of the principal amount.
3. Bonds can decrease a person's return on equity.
4. The payments of a bond by the bond issuer may become burdensome when cash flow and income are quite low.
