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3 years ago

The Nite Lite Company manufacture small lamps and desk lamps.

Business

1 answer:

valina [46]3 years ago

5 0

Answer:

Total factory overhead rate = $200,000

Explanation:

Total overhead allocated to Desk lamps

Desk lamps Amount

Setups 60,000/24,000 * 16,000 = 40,000

Inspections 120,000 /24,000 * 8,000 = 40,000

Assembly 280,000/28,000 * 12,000 = 120,000

Total factory overhead rate = $200,000

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Both the inventory conversion period and payables deferral period use the average daily COGS in their denominators, whereas the

il63 [147K]

Answer:

Explanation:

In business accounting, the inventory conversion period / payables deferral period and average collection period use different inputs due to the fact that Inventory and accounts payable are carried at cost on the balance sheet, whereas accounts receivable are recorded at the price at which goods are sold. Therefore the accounts receivable (average collection period) are attached and dependent on the specific/changing price of the goods sold.

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3 years ago

A combination of high crude oil prices and government subsidies for ethanol have led to a sharp increase in the demand for corn

Firlakuza [10]

Answer:

a) Increase

b) Increase

c) Increase

d) Increase

e) Increase

Explanation:

a) The price of corn

The increase in the demand for corn will cause an increase in the price of corn

b) The quantity of corn supplied

The quantity of corn supplied will increase rapidly in the short run before equilibrium will be established in the market

c) The cost of producing soybeans and wheat crops will Increase due to the High demand for corn hence the supply will decrease as well

d) The price of cereals and other products produced from corn will Increase as well

e) The price of beef and other meat gotten from animals that fed on Corn will Increase as well because the cost of their feed will increase

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3 years ago

Based upon the following data, what is the cost of the land? Land purchase price $196,981 Broker's commission 18,718 Payment for

dexar [7]

Answer:

$219,084

Explanation:

The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.

Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.

Hence the cost of the land

= $196,981 + $18,718 + $3,885 - $500

= $219,084

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3 years ago

Substitutes have a(n): Please choose the correct answer from the following choices, and then select the submit answer button. in

hjlf

Answer: positive cross elasticity of demand.

Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.

In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.

Hence from the above we can conclude that substitute goods have positive cross elasticity.

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3 years ago

Which method is the most efficient method to use to solve x^2+6x-7=0?

sweet-ann [11.9K]

(x+7)(x-1) = 0 ^x^2 + 6x - 7 = 0x 7x -1
Its really easy if you think it this way.

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3 years ago

Read 2 more answers