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2 years ago

Which of the following is the BEST description of the law of demand?

1 answer:

34kurt2 years ago

8 0

D

This is shown because when a item in demand is needed it becomes price and thus becomes lower of supply and gains value

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ROK Corporation has provided you with the following information for 2010: (hint - set up T accounts for all accounts and post th

Sunny_sXe [5.5K]

The factory overhead applied to the product is $5,400

Let understand that Factory Overhead means the total cost that is used in operating all the production segment (i.e depreciation of equipment, salary, wages, electricity) of a manufacturing company and its does not include the costs of direct labor & materials.

It is given that:

- Factory Labor Incurred equals $8,000 (including $6,000 direct and $2,000 indirect

- Manufacturing Overhead is applied to the product based on 90% of direct labor dollars

Therefore, the Factory overhead applied will equals Direct factory labor incurred * 90% Overhead applied

Factory overhead applied = $6,000 * 90%

Factory overhead applied = $5,400

In conclusion, the factory overhead applied to the product is $5,400

See similar Factory overhead here

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7 0

2 years ago

Public expenditure on the manufacturing sector will boost economic growth in the industrial revolution 4.0 eras. Justify your an

Ostrovityanka [42]

Answer:

Industry 4.0 is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain.

Industry 4.0 has been defined as “a name for the current trend of automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things, cloud computing and cognitive computing and creating the smart factory”.

8 0

2 years ago

The method of slicing digital messages into parcels, transmitting them along different communication paths, and reassembling the

Nana76 [90]

Is called packet switching

5 0

2 years ago

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of

Brrunno [24]

Answer:

Explanation:

Productivity per unput dollar=Fees charged from clients/total cost to firm

There are 3 options:

1. Using current software:

Av time=40 min

Researcher's cost=$2 a min

Total cost=40*2=80

Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5

Using company A's software

Av time=30min

Cost of reducing av time=$3.5

Researcher's cost=$2

Total =30*2+3.5=63.50

Productivity per dollar input=400/63.5=6.3

Using company B's software

Av time = 28 min

Cost of reducing av time=$3.6

Researcher's cost=$2

Total cost=28*2+3.6=59.6

Productivity per dollar input=400/59.6=$6.71

Answer - Using company B's software

3 0

2 years ago

Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory o

Anvisha [2.4K]

Answer:

Predetermined manufacturing overhead rate= $14.8 per machine hour

Explanation:

Giving the following information:

Factory 1

Estimated factory overhead= $18,500,000

Estimated machine hours for year 1,250,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 18,500,000/1,250,000

Predetermined manufacturing overhead rate= $14.8 per machine hour

8 0

2 years ago