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raketka [301]
3 years ago
6

Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of

the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor-hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1,237,500. The actual labor-hours for the year turned out to be 78,100 labor-hours.Compute the company's predetermined overhead rate for the recently completed year.
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
3 0

Answer:

$27.2

Explanation:

First we have to calculate the total estimated manufacturing overheads which shall be determined as follows:

Estimated total manufacturing overheads=Variable manufacturing overhead+ Fixed manufacturing overheads

Variable manufacturing overhead=Estimated labour hours*manufacturing overhead per labour hour

                                                        =75,000*$10.70=$802,500

Fixed manufacturing overheads=$1,237,500

Estimated total manufacturing overheads=$802,50+$1,237,500

                                                                    =$2,040,000

Now we will compute the predetermined overhead rate which shall be determined using the following formula:

Predetermined overhead rate=Estimated total manufacturing overheads/Estimated labour hours

Predetermined overhead rate=$2,040,000/75,000=$27.2

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3 0
3 years ago
The managers of a car dealership have decided to utilize the Hawthorne effect to increase productivity, which means using camera
Leokris [45]

Answer:

False

Explanation:

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5 0
3 years ago
If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity
Morgarella [4.7K]

<u>Answer: </u>

We can expect to see a large change in the quantity demanded for Good A.

<u>Explanation: </u>

  • As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
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2 years ago
You have $130,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect
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Expected rate = (Required rate of X* X) + (Required ratebof Y * (1-X))

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0.146 = 0.128X + 0.078 -  0.078X

0.146 - 0.078 = 0.128X - 0.078X

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= $176,000

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bp = w1b1 + w2b2 + ........ + wnbn

bp = (1.36*1.3) + ((-0.36) * 1.05)

bp = 1.768 - 0.378

bp = 1.29

Therefore, the portfolio beta is 1.39

7 0
3 years ago
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