Answer:
Allocated MOH= $395,500
Explanation:
Giving the following information:
Smith Foundry in Columbus, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required.
Manufacturing overhead costs$ 630,000; Machine hours90,000
Actual machine hours:
Machine hours 56,500
First, we need to calculate the predetermined overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 630,000/90,000= $7 per machine hour
Now, we can allocate overhead based on actual machine hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 7*56,500= $395,500
Answer:
$1,350
Explanation:
Goodwill is the Excess of Cash Consideration over the Net Assets taken over. Net Assets taken over are measured at their Fair Market Value instead of Book Values at the Acquisition date.
Where,
Cash Consideration = $8,000
Fair Value of Net Assets Acquired ($6,000 + ) = $6,650
Therefore,
Goodwill = $8,000 - $6,650
= $1,350
<u>Full question:</u>
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.
Select the correct answer below:
a)economies of scale
b)budget constraint
c)opportunity cost
d)opportunity set
<u>Answer:</u>
His friend is referring to the opportunity cost
<u>Explanation:</u>
Opportunity costs describe the gains a person, investor or company drops out on when picking one choice over another. The cost of practicing something is previously the cost of the highest-valued alternative use. Bottlenecks are frequently a condition of opportunity costs.
The method for determining an opportunity cost is solely the contrast within the expected returns of any option. Estimating opportunity costs can lead you to more effective decision-making. Opportunity cost examination also performs a crucial role in preparing a business's capital structure.
The elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in price.
Price elasticity measures the responsiveness of the quantity demanded or supplied of an awesome to a trade in its charge. it's far computed as the percentage change in quantity demanded—or furnished—divided by using the proportion change in rate.
An elastic call for is one wherein the change in quantity demanded because of a trade in charge is huge. An inelastic call for is one in which the trade in amount demanded because of a change in rate is small. The components used right here for computing elasticity.
Fee elasticity of call for is the ratio of the proportion exchange in the amount demanded of a product to the percentage alternate in charge.
Learn more about Price elasticity here: brainly.com/question/24384825
#SPJ4
Answer:
FALSE
Explanation:
Project scope statements are a type of program or tool that helps to generate various activities to maintain the project's aim.
- Developing a project scope plan is a long process and may involve the input of various partners and consultants from the external part of the organization.
Sometimes, consumers also may be a part of the project scope plan.