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spin [16.1K]
3 years ago
6

The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31: Estimated factory ove

rhead costs $ 2,496,000 Actual factory overhead costs $ 1,812,400 Estimated labor hours 78,000 Actual labor hours 81,700 Estimated labor costs $ 771,000 Actual labor costs $ 855,125 Estimated machine hours 111,000 Actual machine hours 117,600 What is the predetermined factory overhead rate per labor hour?
Business
1 answer:
lions [1.4K]3 years ago
5 0

Answer:

Estimated manufacturing overhead rate= $32 per labor hour

Explanation:

Giving the following information:

The estimated factory overhead costs $ 2,496,000. Estimated labor hours 78,000.

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

Estimated manufacturing overhead rate= 2496000/78000= $32 per labor hour

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Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Ident
Sedaia [141]

Answer:

Foster Inc.'s assets will decrease by a net amount of $30,000.

The Company's liabilities will increase by $30,000.

Explanation:

The price of the assert is $5,000 + $30,000 = $35,000

this means that the company's fixed assets will increase by $35,000, but since cash is decreasing by $5,000, the net change will be only $30,000

the amount of the loan = $30,000

this means that the company's liabilities will increase by $30,000

5 0
3 years ago
A company produces 100 cars in the year 2017 but only manages to sell 90 of the cars. In the year 2018 they sell the 10 cars tha
forsale [732]

Answer:

The question has below options:

A. The unsold cars count as inventory investment for 2017. 2018 GDP is not affected.

B.The unsold cars count as consumption spending in 2018.

C. The unsold cars count in the inventory investment category for both years and count as consumption spending in 2018.

Option B is the correct answer

Explanation:

The unsold stock of 10 cars in 2017 is classified as investment  since  the cost of producing them is expected to yield returns in 2018 when they have been sold.

However, the unsold stock of 2017 becomes 2018 consumption of GDP since it relates to household expenditure in 2018, as a result it is accorded such classification.

It cannot be classified as government expenditure as the government is not the one purchasing the vehicle

Also, the ten cars have nothing to do with import or export as they are trade within the domestic economy

7 0
3 years ago
Paraguay’s economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this si
Art [367]

Paraguay's economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this situation is none.

The economy of Paraguay is a market financial system that is distinctly depending on agriculture products. In latest years, Paraguay's economic system has grown because of improved agricultural exports, especially soybeans. Paraguay has the monetary benefits of a young population and great hydroelectric energy.

Paraguay has been one of the poorest and most unequal nations at the continent for a long term. the total poverty rate — defined by using the world financial institution as those with an income of much less than $3.10 a day — in Paraguay rose in 2016 from 26.6 percent to 28.8 percent.

Learn more about economy here: brainly.com/question/2824360

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7 0
2 years ago
The nth term of the GP is (-1)^n(2)^n.
Bingel [31]

Answer:

-2, 4 and -8

Explanation:

Given the nth term of a GP expressed as;

a_n = (-1)^n(2)^n

When n = 1

a_1 = (-1)^1(2)^1\\a_1 = -1 * 2\\a_1 = -2\\

when n = 2

a_2 = (-1)^2(2)^2\\a_2 = 1 * 4\\a_2 = 4\\

when n = 3

a_3 = (-1)^3(2)^3\\a_3 = -1 * 8\\a_3 = -8\\

Hence the first three terms of the sequence are -2, 4 and -8

5 0
3 years ago
Suppose a company wants to structure its assets and liabilities such that its equity is unaffected by interest rate risk. To acc
Andreas93 [3]

Answer: b. The duration of its liabilities must equal the duration of its assets

Explanation:

Since the company wants to structure its assets and liabilities such that its equity is unaffected by interest rate risk, then the duration of its liabilities must equal the duration of its assets.

It should be noted that when the duration of its liabilities is shorter than the duration of its assets, the duration gap is positive and when there's a rise in interest rate, the worth of assets will be affected more.

When duration of its liabilities is longer than the duration of its assets, the duration gap is negative and when there's a rise in interest rate, the worth of liabilities will be affected more.

Finally, when the duration of its liabilities is equal the duration of its assets, its equity is unaffected by interest rate risk.

7 0
3 years ago
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