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pantera1 [17]
2 years ago
12

Strama, Inc., manufactures and sells two products: Product A6 and Product I5. The company has an activity-based costing system w

ith the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product A6 Product I5 Total
Labor-related DLHs $191,138 8,200 2,800 11,000
Production orders Orders 44,624 900 1,100 2,000
Order size MHs 183,147 5,600 5,700 11,300

The activity rate for the Order Size activity cost pool under activity-based costing is closest to:_______
Business
1 answer:
Kisachek [45]2 years ago
7 0

Answer:

It will be closest to $ 16.21 (rounding to he nearest cent)

Explanation:

We will divide the cost pool over the total cost driver determined for the activity.

In this case, machine hours totals for 11,300

and there is a cost pool of 183,147 dollars

\frac{Activity\: Cost \: Pool}{Driver}= Activity\:Rate

\frac{183,147}{11,300}= Activity\:Rate

Activity rate: 16,207699 = $ 16.21

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irina1246 [14]

The accounting entry is to Credit Cash for 25000 and Debit Common Stock for 25,000

<h3 /><h3>What is journal entry?</h3>

Journal entry shows how a business financial transactions are being recorded.

Typically, when cash is withdrawn from a business or personal account, the accounting entry is to credit the cash account.

Hence, the accounting entry is to Credit Cash for 25,000 and Debit Common Stock for 25.000.

Learn more about journal entry here : brainly.com/question/14279491

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7 0
2 years ago
Multiple Choice Question 143 A company shows a balance in Salaries and Wages Payable of $37900 at the end of the month. The next
neonofarm [45]

Answer: The answer is: Debit Salary and wages expense $9,900, Debit Salaries and wages payable $37,900, Credit Cash $47,800

Explanation: Since the company has $37,900 sitting in salaries and wages payable account at the end of the month and the payroll revealed that actual amount to be paid is $47,800, this means the company has a shortfall of $9,900 from the salaries and wages payable account. Therefore, this amount that was not accrued for would impact salary and wages expense by $9,900.

7 0
2 years ago
The MU/P ratio for good X is greater than the MU/P ratio for good Y. To achieve consumer equilibrium, the consumer reallocates d
uysha [10]

Answer:

Falls:rises.

Explanation:

The MU/P (Marginal Utility/Price) ratio for good X is greater than the MU/P (Marginal Utility/Price) ratio for good Y. To achieve consumer equilibrium, the consumer reallocates dollars from the purchase of good Y to the purchase of good X. If the law of diminishing marginal utility holds, the marginal utility of good X falls and the marginal utility of good Y rises.

The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

Also, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

Hence, the marginal utility of good X falls and the marginal utility of good Y rises because the consumer no longer derive satisfaction or benefits (utility) from the consumption of good X while he would switch to good Y for satisfaction.

7 0
3 years ago
Will the government extend student loan forbearance.
viva [34]
No Decision have been made
5 0
2 years ago
For a new product to be profitable, it must Multiple Choice enable customers to obtain greater total utility from their money in
Sidana [21]

Answer:

have greater marginal utility than existing substitute products

Explanation:

Utility is the satisfaction derived from consuming a good or service.  Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.

Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.

8 0
3 years ago
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