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malfutka [58]
3 years ago
11

MaverickMaverick Co. budgets production of 120 comma 000120,000 units in the next year. MaverickMaverick​'s CFO expects that eac

h unit will take 1010 hours to produce at an hourly wage rate of $ 12$12 per hour. If factory overhead is applied to direct labor hours at $ 3$3 per​ hour, the budget for factory overhead will​ total: A. $ 18 comma 000 comma 000$18,000,000 B. $ 3 comma 600 comma 000$3,600,000 C. $ 4 comma 320 comma 000$4,320,000 D. $ 14 comma 400 comma 000$14,400,000 C
Business
1 answer:
Musya8 [376]3 years ago
7 0

Answer:

B. $ 3 comma 600 comma 000$3,600,000

Explanation:

The total manufacturing cost of an entity maybe divided into two broad classes. These are direct and indirect cost. The indirect cost are also known as the overheads and may be further divided into fixed and variable overheads. The variable overheads may be given as a function of direct cost such as machine hours, direct labor hours etc.

Given that

Total units to be produced = 120,000

Time required to produce a unit = 10 hours

Hence total number of hours required

= 120,000 × 10

= 1,200,000 hours

Hourly wage rate = $12

If Factory overheads is applied to direct labor hours at $3 per​ hour

Factory overheads = $3 × 1,200,000

= $3,600,000

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Draw an average fixed cost curve. Label it. The AFC curve has this shape because​ _______.
Murrr4er [49]

Answer:

(A) when output​ increases, the firm spreads its total fixed cost over a larger output

Explanation:

The average fixed cost will decrease as the output increase because the company allocate ths cost over a larger amount making the weight on each unit decrease:

\lim_{n \to \infty} \frac{x}{n} = 0

Using math we can determinate that the fixed cost tend to zer oas higher increase the amount of quantity produced.

8 0
3 years ago
Data concerning Wang Corporation's single product appear below: (Do not round your intermediate calculations.)
Kipish [7]

Answer:

The break-even in monthly dollar sales is closest to $215,000

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = $144,050/($230.00 - $75.90) = 935 units

The break-even in monthly dollar sales = 935 x $230.00 = $215,000

5 0
3 years ago
One problem with using email is that
NeTakaya

Answer:

On emails you could be introduced to virus's that can enter your computer! Which is why most people fo not open emails from random strangers.

Explanation:

not sure if this is the answer you're looking for, but hope it helps!

4 0
3 years ago
During the fiscal year, a company had revenues of $400,000, cost of goods sold of $280,000, and an income tax rate of 30 percent
tatiyna

Answer:

$84,000

Explanation:

A company's net income can be determined by subtracting the cost of goods sold from the revenues to obtain the income before taxes and then multiply it by one minus the tax rate.

If revenues are $400,000 and cost of goods sold are $280,000 at a tax rate of 30%, net income for the year is:

N=(\$400,00-\$280,000)*(1-0.3)\\N=\$84,000

The company's net income for the year is $84,000.

8 0
3 years ago
RGDP in the United States has grown at an average annual rate of 3% in the last couple of decades. If the RGDP annual growth rat
Natali [406]

Explanation:

i=interest rate

X=current rate

2X = double current rate

n = number of years

Calculate time it takes to double at 3%:

2X = X(1+i)^n

simplify by cancelling out X

(1+i)^n = 2

substitute i = 3%

(1.03)^n =2

take log

n*log(1.03)  = log(2)

n = log(2)/log(1.03) = 0.6931/0.02956 = 23.45 years

Similarly, for growth rate of 7%,

n = log(2)/log(1.07) = 0.6931 / 0.06766 = 10.24 years

So the difference is 23.45-10.24 = 13.21 years (to the hundredth)  sooner

3 0
2 years ago
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