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-BARSIC- [3]
3 years ago
10

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours,

and 30,000 hours respectively. The variable manufacturing overhead rate is $4 per machine-hour. The fixed manufacturing overhead is $50,000 per quarter, which includes $20,000 of depreciation expense. Knowledge Check 01 What is the budgeted variable manufacturing overhead for the year? .
a) $200,000
b) $260,000
c) $280,000
d) $400,000
Business
1 answer:
myrzilka [38]3 years ago
4 0

Answer:

Option D. $400,000

Explanation:

The Variable manufacturing overhead for the year can be calculated using the following formula:

Variable OH Budget = Budgeted Variable OH rate per machine-hour × Total machine hours worked in the year

Here

Budgeted V.O.H Rate = $4 per Machine Hour

Total Machine Hours worked = 100,000 Machines hours

By putting the values in the equation, we have:

Variable OH Budget = $4 × 100,000 = $400,000

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Answer:

d. Consumer price index

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Consumer price index in any country consists of goods and services that are used in day to day activities by consumers e.g. daily food items, utilities, transportation etc. The index is used to measure the increase in weighted average prices of the constituents over a particular time.

Option A is price index for producers that measures the increase in price of goods and services that are typically used by different producers for their output.

Option B is an analysis that is used to assess the trends of any economy. This analysis is performed by government economists, officials and government to make informed decisions about future actions. Individuals have no use of the index.

Option C Gross domestic product (GDP) deflator is a price adjustment to GDP of current year to depict the actual growth in value of goods and services produced in a particular year. GDP deflator is a reduction of inflation rate from nominal rate of increase in GPD.

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4 years ago
One of the goals of value-based marketing is a. to sell to all consumers, regardless of their needs. b. to provide the greatest
Nadusha1986 [10]

Answer:

e.

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3 years ago
Brews 4 U is a local chain of coffee shops. Managers are interested in the costs of the stores and believe that the costs can be
Sergeeva-Olga [200]

Answer a)  The letter b is best described as the estimate of the cost for an additional customer visit.

Answer b)  The letter y is best described as the observed store cost for a given month.

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Answer d)  The estimated cost for 370 customer visits is

Y = a + bx

a =$ 687.65 b = $ 7.59 x = 370 customer visits

Y = $ 687.65 + ($ 7.59 * 370 customer visit) = $ 687.65 + $ 2,808.3  = $ 3,495.95

Answer e)  The percent of total variance that can be explained by regression equation is R2 = 0.79754 or 79.754%

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4 years ago
Which of the following is true? A Debit cards offer the highest level of fraud protection. B Checks are the most widely accepted
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The answer is C. You withdraw money from a bank account while using them. 
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3 years ago
Read 2 more answers
Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,
loris [4]

Total assets = Current assets + Fixed Assets

Total assets = 6000+25100

Total  assets = 31,100

Total liabilities = Current liabilities + Long term debt

Total liabilities = 4950+12000

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Value of Stockholder's equity = $14,150

3 0
4 years ago
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