The amount of applied overhead is $1,000.
<h3>
What is inventory?</h3>
- The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock.
- The main focus of inventory management is determining the location and shape of stocked commodities.
<h3>What is material cost?</h3>
- The price of direct materials is directly related to the unit of production and is immediately identifiable.
- For instance, the price of glass is a direct material expense in the production of light bulbs.
- The primary component needed for the production of commodities or products was material.
<h3>Solution -</h3>
To find the amount applied overhead:
3200 - ( 1400 + 800 ) = 3200 - 2200
= $1,000
Therefore, the amount of applied overhead is $1,000.
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Max is a waiter at a coffee shop. He gets paid $100 every day at 9 p.m. regardless of the number of customers he serves during the day. In this scenario, max's payment is based on the fixed-interval schedule. Hence, option C is correct.
<h3>What is fixed-interval schedule?</h3>
In fixed-interval schedules, the first reaction is only rewarded when a predetermined amount of time has passed. With this schedule, reactions are quicker toward the end of the interval but slower immediately following the reinforcement.
A child may receive a candy as part of a fixed-ratio program after reading three to ten pages of a book.
Thus, option C is correct.
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The options are missing-
a. fixed-ratio schedule
b. variable-interval schedule
c. fixed-interval schedule
d. variable-ratio schedule
Answer:
D. employed
Explanation:
a. <em>Structural unemployment</em> is a type of unemployment which results from skill expectation gap, where the unemployed do not possess the skill required for a particular job. This does not apply to Dr. Homer Simpson
b. <em>Frictional unemployment</em> is the unemployment that results from the time a job seeker leaves one job and the time he gets another one. This does not apply to Dr. Homer Simpson
Dr. Homer Simpson is in labor force as he is presently running a commercial fishing boat in Alaska to earn extra income.
Answer:
The amount of manufacturing overhead cost that would have been applied to all jobs during the period is $279,720
Explanation:
The computation of the amount of manufacturing overhead is shown below:
= Predetermined overhead rate per direct labor-hour × total direct labor-hours
= $22.20 × 12,600 direct labors
= $279,720
Since the predetermined overhead rate is already given in the question, so there is no need to recalculate it and the other items which are mentioned are not relevant for the computation part. Hence, ignored it
Answer:
$39,000
Explanation:
The calculation of variable cost of production is given below:-
For computing the variable cost per month first we need to find out the Variable cost per pizza which is show, below:-
Variable cost per pizza = Labor cost + Ingredients + Electricity
= $3.00 + $4.00 + $0.80
= $7.8
Variable cost per month = Pizzas per month × Variable cost per pizza
= 5,000 × $7.8
= $39,000