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seropon [69]
3 years ago
10

g The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and prod

uction. The overhead budget for the finishing department is $550,000, using 500,000 direct labor hours. The overhead budget for the production department is $400,000 using 80,000 direct labor hours. If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production, how much factory overhead will be allocated to each unit of desk lamps using the multiple production department factory overhead rate method with an allocation base of direct labor hours
Business
1 answer:
almond37 [142]3 years ago
3 0

Answer:

$7.20

Explanation:

Given the following :

FINISHING department :

overhead budget = $550,000

direct labor HOURS = 500,000

PRODUCTION department :

overhead budget = $400,000

direct labor hours = 80,000

Predetermined allocation rate for finishing department :

Overhead / allocation base = ($550,000 / 500,000) = $1.10 per direct labor hour

Predetermined allocation rate for production department :

Overhead / allocation base = ($400,000 / 80,000) = $5 per direct labor hour

If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production:

Finishing department :

(2 × Predetermined allocation rate for finishing department)

= (2 × $1.10) = $2.20

Production :

(1 × Predetermined allocation rate for production department)

= (1 × $5). = $5

Total = ($2.20 + $5) = $7.20

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lana [24]

Answer:

<h2>The correct answer in this case is option C. or MU(c)/P(c)>MU(d)/P(d).</h2>

Explanation:

Under consumer equilibrium theory for two commodity model,a rational consumer maximizes his or her utility when the marginal utility(MU) obtained from consuming one good is equal to the same of the other.This is the fundamental essence of the Law of Equimarginal Utility in Economics.Now,in this case,the consumer will purchase more of good C than good D if the Marginal utility obtained from one unit of good C or MU(c)  for the money spend on consumption of good C or price of C,P(c) is greater than the marginal utility obtained from consuming 1 more unit of good D or MU(d) for money spend on purchase of good D or price of that particular unit of D or P(d).Therefore,since the marginal satisfaction compared to the amount of money spend for the consumer is higher for good C compared to the other or good D,it will increase the total utility level of the consumer from that particular consumption bundle or pattern.Hence,he or she will spend more on the consumption of good C than good D.

8 0
3 years ago
Q 1.1: An owner who wants to have limited liability should form which type of business enterprise?
ycow [4]

Answer:

A corporation                                      

Explanation:

A business is an agency–typically a group of individuals or a firm–allowed by the government to operate as a single body (a legal entity) and recognized as being for other functions of law.

Early constituted institutions were created by charter (i.e. through an arbitrary act issued by a sovereign or enacted by a statute or house of commons).

Corporations come in various forms but are typically separated by the statute of authority in which they are subcontracted on the grounds of two dimensions: that they are willing to issue securities or if they are founded to turn a profit.

6 0
3 years ago
A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variabl
jeyben [28]

Answer:

1 company to be in different is  15000 units

2 cost =  approximate  $300000

3 Total annual costs  = approximate $380,000

4  cost is less for phoenix and  Phoenix is the ideal location

5 Cost advantage = $18,000 so closed to $20000

Explanation:

given data

Atlanta fixed costs (annual) = 80000

variable costs (per unit) = 20

Phoenix  fixed costs = 140000

variable costs = 16

solution

we consider here output level = x

and price will be = p

so here profit for location will be

profit = Revenue - Variable Cost - Fixed costs   .............1

so here Atlanta profit is  

Profit = px - 20x - 80000     ..................2

and Phoenix profit is  

Profit = px - 16.1x - 140,000      ...................3

so now company to be in different is  

px - 20x - 80000 = px - 16.1x - 140,000

solve we get x here

x =  15,384.62  = 15000 units

and  

and now annual costs for phoenix will be as

annual cost =  Variable cost + Fixed     ...........4

cost = 16.1 × 10,000 + 140,000

cost = 161,000 + 140,000

cost = $301,000 = approximate  $300000

and

Total annual costs will be as

Total annual costs = 20 × 15,384.62 + 80,000

Total annual costs = $387,692.3 = approximate $380,000  

and

Annual demand = 20,000 units

so  

Cost for Atlanta  = 20 × 20000 + 80,000

Cost for Atlanta  = $480,000

Cost for Phoenix = 16.1 × 20000 + 140,000

Cost for Phoenix = $462,000

so cost is less for phoenix and  Phoenix is the ideal location

and

now Cost advantage will be

Cost advantage  = $480,000 - 462,000

Cost advantage = $18,000 so closed to $20000

8 0
3 years ago
HELP ASAP Many employees quit working for Burger Bliss after six months, and the
Alja [10]

Answer:

D. The company tells employees that their work matters.

Explanation:

Every employer desires to attract and retain the best workers.  Employees are more likely to stay in an organization for longer if they feel appreciated. Other than monetary compensation, employees feel motivated to work when their efforts and contributions are recognized.

Burger Bliss should let their employees feel important. They should communicate to employees both in words and actions how much the company values their input.

8 0
3 years ago
Daniel Franco, a free-lance gaming consultant and blogger, needed a new gaming system for his business. After some lengthy revie
Law Incorporation [45]

Answer:

Explanation:

Issue: Will the court rule in support of Daniel’s argument that Nintendo breached the warranty based on reasonable expectation on the performance of an expensive system and statements made while selling the gaming system?

Rule:  There is a creation of express warranty when a seller makes a description of the statement quality, condition or performance of goods sold. This warranty is created by the statement of facts and if the seller uses words to designate the value of the supposed goods, it will only be considered as an opinion that does not create any express warranty.

The customer’s reasonable expectation of the existence of the gaming system based on the price leads to implied warranty. The goods sold should be logically fit for the general purpose for which it is sold. It should be of proper quality to satisfy the implied warranty of merchantability and the goods should fit the particular purpose for which the buyer will use the goods to satisfy the implied warranty of fitness for a particular purpose.

Analysis: Here, the argument of Daniel that Nintendo’s description of the gaming system as “most reliable”, and “durable” asserted that the quality and performance of the gaming system will not stay because these words create general statements that are made as part of sale or seller’s opinion about the goods. These words would be considered as puffery and do not create any express warranty. The higher price of the gaming system would create an implied warranty about the performance of the system, but the switch failed only after the warranty period. When the seller has expressly stated the warranty period as one year, any defects that occur after the warranty period will not breach the implied warranty.

Moreover, the gaming system was reasonably fit for Daniel’s business purpose and worked well during the warranty period. Hence Daniel’s arguments will not stay in front of the court.

Conclusion: The court will not rule in favor of Daniel and Daniel will not be able to recover against Nintendo because no breach of warranty had occurred.

8 0
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