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Alenkinab [10]
3 years ago
14

1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d

irect labor hours. 2. In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate.
Business
1 answer:
melamori03 [73]3 years ago
7 0

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

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The Federal Deposit Insurance Corporation was established in 1933, during the Great Depression, to:_________
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Answer:

b) help stop bank failures throughout the United States.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of them being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

The Federal Deposit Insurance Corporation which is also generally referred to as the FDIC was a New Deal program introduced by President Franklin D. Roosevelt in 1933 and it was designed to prevent bank failures or bank runs and restore the public's faith in the banking system.

Hence, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933 so as to counter or mitigate the problem with bank runs.

Generally, the income generated from the premium payments of insured banks is used to fund or finance the Federal Deposit Insurance Corporation (FDIC).

Additionally, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

In conclusion, the Federal Deposit Insurance Corporation (FDIC) was established in 1933, during the Great Depression, to help stop bank failures throughout the United States.

7 0
3 years ago
Operations management is the management of:
Furkat [3]

designing and controlling the process of production and redesigning business operation in the production of goods and services.

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3 years ago
Suppose that the U.S. imposed an import quota on beef. Sales of U.S. beef producers would a. rise and exports of other industrie
enot [183]

Answer:

The correct answer is b. rise and exports of other industries would decrease.

Explanation:

The import quota is a tool that countries have when limiting the physical quantity of a product that can be imported into their territories during a specific period.

4 0
3 years ago
Read 2 more answers
The Steel Factory is considering a project that will produce annual cash flows of $43,800, $40,200, $46,200, and $41,800 over th
Vinvika [58]

Answer:

13.00 percent

Explanation:

IRR is the rate at which the NPV equal to zero. Using the CF key on a financial calculator, use the following inputs to solve for Internal Rate of Return (IRR) ;

Initial investment; CF0 = -127,900

Yr 1 cashflow; C01 = 43,800

Yr 2 cashflow; C02 = 40,200

Yr 3 cashflow; C03 = 46,200

Yr 4 cashflow; C04 = 41,800

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3 years ago
A wrapping paper company produced 20,000 rolls of paper one day. Standard price is $2 per roll. Labor cost was $240, material co
Vinvika [58]

Based on the various costs of producing the rolls of paper, the multifactor productivity is c. 58.394.

<h3>What is the Multifactor Productivity?</h3>

This can be found by the formula:
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Solving gives:

= (20,000 x 2 per roll) / ( 240 + 25 + 420)

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Find out more on multifactor productivity at brainly.com/question/17550779.

7 0
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