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bagirrra123 [75]
3 years ago
8

Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121

,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to____________.a. $10.37b. $12.10c. $11.10d. $11.30
Business
1 answer:
mash [69]3 years ago
6 0

Answer:

Option (b) is correct.

Explanation:

Given that,

Estimated total fixed manufacturing overhead = $121,000

Estimated direct labor-hours for the period = 10,000

Actual total fixed manufacturing overhead = $113,000

Actual total direct labor-hours during the period = 10,900

Predetermined overhead rate:

= Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours

= $121,000 ÷ 10,000

= $12.10

Therefore, the predetermined overhead rate is closest to $12.10.

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4. Which of the following is true of social capital?
maks197457 [2]

Answer:

Option C.

Explanation:

Social capital is basically the relationships among people who live and work in a particular society, thus allowing that society to function effectively". As such. The value of social capital is determined by the number of the relationships in a social network.

8 0
2 years ago
Why would a producer decide to produce in a competitive market in which she will earn zero profit in the long run? Choose one: A
zhenek [66]

Answer:

Option A : Because at zero profit, with her revenue, she can cover all her costs—explicit and implicit (opportunity cost).

Explanation:

Perfectly Competitive Market

This is simply a market the market participants are said to be price takers that is no consumption decisions by individual consumers and no production decisions by individual producers can be able to affect the market price of a good.

Perfectly Competitive Industry

This is simply an industry where producers are said to be price takers.

Explicit Costs

These are costs that are simply known as "out-of-pocket" costs or in accounting costs. They are an individual's fixed and variable costs of doing business.

Implicit Costs

These are costs that do not partains to monetary payment as they are the opportunity costs of doing business.

It is said that at zero profit, the revenue covers all the costs, including the implicit ones. The fact that her implicit costs are covered shows that no outside option or opportunity that is superior to the zero economic profit option is chosened.

4 0
3 years ago
You are planning a store on a large lot. Your budget only allows for 800 linear feet of walls. What is the maximum square
Galina-37 [17]

Answer:

The correct solution is "40,000 sq/ft".

Explanation:

The given value is:

Feet of walls

= 800 ft

Sides,

= 4

Now,

The square store will be:

= \frac{800}{4}

= 400 \ ft

The max footage of square will be:

= 400\times 100

= 40,000 \ sq/ft

8 0
3 years ago
Which of these lenders would be least likely to approve a short sale? unset starred question conventional lenders credit unions
Semenov [28]

Junior Lenders would be least likely to approve a short sale.

What is a junior interest?

Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced

Is a take out loan the same as junior mortgage?

A junior mortgage is a second mortgage loan that you take out against your home's equity using the property as collateral. A junior mortgage assumes that you already have a mortgage that's also secured by the home. A junior mortgage forms a second lien against the property.

Learn more about junior lender:

brainly.com/question/1344597

#SPJ4

4 0
2 years ago
Amortization is:Select one:A. The process of allocating to expense the cost of a plant asset to the accounting periods benefitin
Anvisha [2.4K]

Answer:

The correct answer is option B.

Explanation:

Amortization is a technique used in accounting. It involves the process of spreading payment over multiple periods. In accounting, amortization refers to the allocation of the cost of intangible assets over its lifetime.

For instance, amortization of a loan means spreading the interest and principal of the loan over its lifetime. It means fixed monthly payments of interest and principal.  

4 0
3 years ago
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