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Pepsi [2]
3 years ago
7

Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcom

ing year appear below: Estimated machine-hours 74,000 Estimated variable manufacturing overhead $ 7.67 per machine-hour Estimated total fixed manufacturing overhead $ 1,630,960 The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
Marina86 [1]3 years ago
6 0

Answer:

29.71 per machine-hour

Explanation:

Buker corporation has an estimated machine hours of 74,000

The estimated variable manufacturing overhead is 7.67 per-machine hour

The estimated total fixed manufacturing overhead is $1,630,960

The first step is to calculate the estimated overhead cost

= (74,000×7.67) + $1,630,960

= 567,580 + $1,630,960

= $2,198,540

Therefore, the predetermined overhead rate can be calculated as follows

Predetermined Overhead rate= Estimated manufacturing overhead cost/Estimated machine hours allocated

= $2,198,540/74,000

= 29.71 per machine-hour

Hence predetermined overhead rate for the recently completed year was closest to 29.71 per machine-hour

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The CEO of Skyco, a publicly-traded company that has been earning below-average returns, has been publicly criticized by shareho
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Answer:

B) a weak board of directors

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They provide oversight by meeting at intervals to set policies that will govern the company.

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This is with the consent of the board of directors and despite the company earning below-average returns.

It is a sign that the board of directors is weak and are not adequately representating the wishes of the shareholders.

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3 years ago
Monique's Unique Boutique sells clothing from around the world in the United States. Monique regularly travels overseas to find
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What is an Import?

Any good or commodity brought into one country from another. Customs authorities must be involved in both the import and export countries.

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6 0
2 years ago
Suppose that 50 units of a good are demanded at a price of $1 per unit. a reduction in price to $ 0.20 results in an increase in
Irina-Kira [14]
Increase in quantity demanded discount price value
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3 years ago
In a simplified banking system in which all banks are subject to a 20 percent required reserve ratio, a $1,000 open market purch
UNO [17]

Answer:

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The United States Central Bank or the Federal Reserve (Fed) is responsible for controlling money supply in the United States as well as the activities of the commercial banks. This control can be carried out through a particular activity known as the Open Market Operations (OPO). This activity could be in form of buying or selling securities in the market.

According to the question, the 20% required reserve ratio means the banks are to maintain 20% of their total deposits. This means that a market purchase by the Fed of $1000 will increase the money supply by 5 times the amount bought by the Fed (20% is 1/5 of 100%).

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3 years ago
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