Answer and Explanation:
a. The computation of overhead rate using activity-based costing is shown below:-
Cutting = Cost ÷ Machine Hours
Cutting = $381,600 ÷ 228,000
= $1.67 Per Machine Hours
Design = Cost ÷ No. of Setup
Design = $620,100 ÷ 1,710
= $362.63 per set up
The computation of the amount of Overhead Allocated is shown below:-
Wool:
114,000 × $1.67
= $190,380
= 1,140 × $362.63
= $413,398
Total = $603,778
Cotton:
114,000 × $1.67
= $190,380
= 570 × $362.63
= $206,669
Total = $397,049
The computation of amount allocated using traditional approach is shown below:- = $1,001,700 ÷ 2
= $500,850
Overhead Allocated to Wool = $500,850
Cotton = $500,850
Answer:
I believe the answer is B
Answer:
The price elasticity of demand for home heating oil is-0.36
Explanation:
In order to calculate the price elasticity of demand for home heating oil we would have to use the following formula:
Elasticity of demand = (dQ/dPhho)*(P/Q)
According to the given data we have the following:
demand for home heating oil in Connecticut=Q = 20 – 2 Phho + 0.5 Png – TEMP
current price of home heating oil=$1.20
current price of natural gas =$2.0
Therefore, if Q = 20 – 2 Phho + 0.5 Png – TEMP, then:
Q=20 – 2*1.2 + .5*2 – 12
Q=6.6
Therefore, price elasticity of demand = (-2)*(1.2/6.6)
price elasticity of demand =-0.36
The price elasticity of demand for home heating oil is-0.36
Answer:
Under government bankruptcy laws of the United States, anybody can declare financial insolvency in order to look for help from leasers. In any case, this comes to the detriment of harming one's financial assessments for quite a while (now and then upto a multi year time span) alongside bringing about critical lawful,, procedural and court charges.
That being stated, liquidations are significantly troublesome procedures essentially in light of the fact that loan bosses would not need any account holder to take the easy way off in the event that the indebted person wouldn't like to restitution. This is considerably progressively evident if there should be an occurrence of understudy advances where the borrower (Kay for this situation) needs to demonstrate without sensible uncertainty that he/she would confront "undue hardship" in the event that he/she were to continue with credit reimbursements. The "undue hardship" demonstrating part is available to an assortment of understandings, rounds of questioning and lawful examination by the courtroom. Most courts use the "Brunner Test" to decide an indebted person's qualification for understudy advance release. The key arrangements of the test are set somewhere around the United States Department of Education's, Federal Student Aid Office as given beneath:
(a) The account holder, in view of his/her present pay and costs, can't keep up a better than average "insignificant" way of life for himself/herself and his/her wards in the event that he/she were to proceed with the advance reimbursements.
(b) Additional conditions demonstrate certain the way that this condition will prevail for a larger part of the residency of the advance reimbursement.
(c) The borrower has taken a stab at reimbursing his/her understudy advance in accordance with some basic honesty up until this point.
In this specific situation, Kay would be in an ideal situation in attempting to get the advance deferred, on the off chance that she declares financial insolvency post changing her activity. This is so on the grounds that her present place of employment pays enough to reimburse her understudy advance and consequently don't meet two of the three Brunner Test models. Exchanging over to the non benefit employment would compromise her present way of life (and most likely that of her wards) and adjusts to the fundamental soul of the "Brunner Test". It would off base be upto her legitimate insight to demonstrate this danger (post work change) to her expectation for everyday comforts before the court and addition an understudy advance waiver.
Answer:
sole proprietorship
Explanation:
In simple words, Unique property could be described as a business framework controlled and run by a single individual, therefore there is no separate legal entity and his corporation. It is a form of basic business framework, which is usually used for individuals who start up some sort of corporation.
This is therefore the greatest suitable form of business for the statement of the problem, because in this framework there is really only one proprietor in the corporation who ensures his ultimate responsibility with all earnings, debt obligations and failures underlying in the commercial enterprise.
