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Ber [7]
4 years ago
9

Minton Company provided the following information from its accounting records for 2013: Expected production 60,000 labor hours A

ctual production 56,000 labor hours Budgeted overhead $1,500,000 Actual overhead $1,450,000 How much is the overhead application rate if Minton Company bases it on direct labor hours?
Business
1 answer:
kirill [66]4 years ago
4 0

Answer:

Estimated manufacturing overhead rate= $25 per direct labor hour

Explanation:

Giving the following information:

Expected production 60,000 labor hours Actual production 56,000 labor hours Budgeted overhead $1,500,000 Actual overhead $1,450,000.

Estimated manufacturing overhead rate= total estimated manufacturing overhead for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1500000/ 60000= $25 per direct labor hour

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Market control Multiple Choice does not assume that the interests of the organization and individuals naturally diverge. is base
NeX [460]

Answer: uses prices, competition, and exchange relationships to regulate activities.

Explanation:

Market control involves using pricing mechanisms and exchange relations for the regulation of organizational activities. In market control, competition, prices, and exchange relationships are used to regulate the activities.

The option about the assumption that the interests of the organization and individuals naturally diverge is the clan control.

8 0
3 years ago
You plan to visit Geneva, Switzerland in three months to attend an international business conference. You expect to incur the to
Serggg [28]

Answer:

A. 3403.75 dollars

B. 3150

C. 0.579

D. Is an attachment

Explanation:

A. We first find the premium cost

= 0.05x5000 x 1+0.06/4

= 250x1.015

= 253.75

From here we find expected dollar cost

= Exchange rate x units + premium

= 0.63x5000+253.75

= 3,403.75 dollars

B. Forward rate = 0.63

Total cost of dollar

= 0.63x5000

= 3150

C. The investor would be indifferent at 0.579

Forward rate = unit * future + premium

3150 = 5000 * future + 253.75

3150-253.75 = 5000*future

We solve and divide through by 5000

Future = 0.579

D is in the attachment

4 0
3 years ago
What are examples of withdrawals from the circular flow of income? Cheak all that apply.
zalisa [80]

Answer:

1. Sharp increase in taxes affects middle-class families

2. A sports-apparel company cuts jobs as a result of slow sales

3. A fast food chain goes out of business and shuts down all of its restaurants.

Explanation:

The circular flow of income shows the flow of money from economic activities between households and firms. Households receive payments for their services in the form of wages and salaries and use this money to purchase goods and services for consumption from the firms. The firms can use their sales revenue and profits to pay for wages and salaries. This continues in a cycle.

There are injections into and withdrawals out of the circular flow of income. Withdrawals (leakages) can occur in the form of savings, taxes and imports.

1. When there is a sharp increase in taxes, people spend more of their income on paying their taxes. Hence, they have little remaining of disposable income to spend on consumption.

2. When a sports-apparel company cuts down on jobs, many people will lose their salaries or wages. Hence, they would be unable to spend on goods and services produced by the firm. This in turn means lower sales revenue for the firm.

3. As a fast food chain shuts down its operation, a lot of suppliers will lose their sales. At the same time, employees would lose their income. Hence, it is a form of leakage from the circular flow of income.

6 0
3 years ago
Park Co.'s wholly-owned subsidiary, Schnell Corp., maintains its accounting records in Pounds Sterling. Because all of Schnell's
MrRissso [65]

Answer:

C) $8,100

Explanation:

A foreign exchange gain happens when one company engages in foreign trade or foreign direct investment and when they convert the foreign currency into domestic money, the final amount is larger than originally expected. This happens because the exchange rate is not fixed, and if the foreign currency appreciated, then a gain will result since more domestic money will be received. On the other hand, if the foreign currency depreciates, this will result in a loss.

3 0
4 years ago
The explanation for why marginal cost is positive and rising in the short run is ________ marginal product of labor in the produ
Mkey [24]

Answer:

c. an increasing is the right answer

8 0
4 years ago
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