All of the following are good ways to follow up with a new business contact except -

XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was

lys-0071 [83]

Answer:

e. under-applied by $4,000

Explanation:

The overhead rate was calcualte considering labor cost:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

144,000 / 240,000 = 0.60

Each dollar of labor cost applies 60 cent of overhead

applied overhead:

$220,000 labor cost x 0-60 each = 132,000 applied overhead

now we compare against the 136,000 actual overhead

as we didn't met the value and fell short, we have underapplied the overhead.

8 0

2 years ago

Read 2 more answers

When the interest rate increases, the opportunity cost of holding money Group of answer choices increases, so the quantity of mo

Contact [7]

An increase in the interest rate increases the opportunity cost of holding money and leads to a reduction in the quantity of money demanded

<h3>What is opportunity cost ?</h3>

The opportunity cost of a particular activity option in microeconomic theory is the loss of value or benefit that would be incurred by engaging in that activity, as opposed to engaging in an alternative activity that offers a higher return in value or benefit.

The value of the next best alternative or option is referred to as the opportunity cost. This value may or may not be monetary. Value can also be measured using other criteria such as time or satisfaction. One formula for calculating opportunity costs could be the ratio of what you give up to what you gain.

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5 0

2 years ago

A car rental agency rents 220 cars per day at a rate of 28 dollars per day. For each 1 dollar increase in the daily rate, 6 fewe

9966 [12]

The cars should be rented at $34 per day for a maximum income of $6268 per day.

If the daily rental is increased by $x

Rental: R(x)=(28+x)dollars per car-day

Number of cars rented:

N(x) = (220−6x) and Income: I(x) = (28+x) (220−6x) = 6,610 + 52x−5 $x^{2}$ dollars/day.

The maximum will be achieved when the derivative of I (x) is zero.

$\frac{dI(x)}{dx}$ = 52−10x = 0

⇒ x = 5.2

For an even dollar rental amount, and increase of $5/day or $6/day will generate the same income.

So

$28+$5 = $33/day

or

$28+$6 = $34/day

would both be valid answers.

However, $34/day involves renting fewer cars and thus reduced expenses.

Using basic substitution and arithmetic

I(4) = $6,268

<h3>What is Maximum revenue ?</h3>

Maximum revenue is defined as the total maximum amount of revenue of product or service can yield at maximum demand and price.

To calculate maximum revenue, determine the revenue function and then find its maximum value. Write a formula where p equals price and q equals demand, in the number of units.

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3 0

2 years ago

After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky e

madam [21]

Answer:

18.60%

Explanation:

Total labor force = $8 million + $35 million = $43 million

Unemployment Rate = (Unemployed/Labor force)*100

Unemployment Rate = $8 million/$43 million * 100

Unemployment Rate = 0.1860465 * 100

Unemployment Rate = 18.60%

5 0

3 years ago

"_____ believe(s) that the new global division of three main trading blocks benefits the multinational giants as well as the cit

larisa [96]

The answer is <span>Conflict theorist
</span><span>Conflict theorist Claims that every members in society will have to experiences continous conflict toward one another because of the competition to obtain limited amount of resources.
They tend to see that the majority of members in society will always be dominated/controlled by smaller amount of people that control the largest amount of resources.</span>

5 0

3 years ago