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igomit [66]
3 years ago
9

Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginnin

g of the most recently completed year, the company estimated the machine-hours for the upcoming year at 15,000 machine-hours. The estimated variable manufacturing overhead was $7.36 per machine-hour and the estimated total fixed manufacturing overhead was $249,200. The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
ruslelena [56]3 years ago
8 0

Answer:

Estimated manufacturing overhead rate= $23.973 per machine-hour.

Explanation:

Giving the following information:

Estimated total machine-hours= 15,000

The estimated variable manufacturing overhead was $7.36 per machine-hour.

The estimated total fixed manufacturing overhead was $249,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

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

Estimated manufacturing overhead rate= (249,200/15,000) + 7.36

Estimated manufacturing overhead rate= $23.973 per machine-hour.

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Sillytime Park competes with Splash World by providing a variety of rides. Sillytime sells tickets at $ 60 per person as aâ one-
horsena [70]

Answer:

BEP 378,000

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

60 - 24 = 36 contribution margin

every units contribution $36 dollars

36 / 60 = 0.6 CM ratio

each dollar of sale generate 60 cents of contribution

226,800 fixed cost / 0.6 CMR = 378,000 BEP  in dollars

3 0
3 years ago
Macroeconomics is best defined as the study of
just olya [345]

Answer:

1. the overall operation of the national and global economy.

2. The B she received on the exam.

3. the slope of the graph is negative.

4. the slope of the graph is positive.

5. graphically illustrates the concept of scarcity.

6. increasing opportunity cost.

Explanation:

1. Macroeconomics is best defined as the study of the overall operation of the national and global economy.

Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. The opportunity cost of going to the beach is the "B" grade she received on the exam.

In Economics, opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Thus, the value of the opportunities lost (scoring an "A" grade) by going to the beach is the opportunity cost of her choice.

3. When two variables have an inverse relationship, then the slope of the graph is negative.

An inverse relationship can be defined as a relationship between two variables, in which an increase in the value of one variable leads to a decrease in the value of the other variable i.e as the value of one variable becomes large, the value of the other variable becomes small.

4. When two variables have a direct relationship, then the slope of the graph is positive.

A positive relationship or correlation can be defined as the relationship between two variables in which there exist a direct relationship between them i.e as one variable increases, the other increases and vice-versa.

5. The production possibilities curve graphically illustrates the concept of scarcity.

The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;

1. Technology is fixed.

2. Resources are fixed.

6. A production possibilities curve that is concave or bowed out from the origin represents increasing opportunity cost.

The production possibilities curve (PPC) is depicted graphically as an arc, by representing one good on the y-axis and the other on the x-axis.

7 0
2 years ago
You are an insurance salesman. If you make 12% on all insurance sales and sold an average $35,000 / month, how much money did yo
Zigmanuir [339]

Answer:

$50,400

Explanation:

To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.

5 0
3 years ago
There are many unstated assumptions in the problem given above. Even if the mathematical solution is to make only one or two typ
Genrish500 [490]

Answer:

The unstated assumptions in the problems given is that the company may require more units of aluminium and steel, which would allow for producing more bicycles.A linear programming model cannot account for this.

Explanation:

Linear programming model: this is an algebraic description of te objectives to be minimized and the constraints to be satisfied by the variables.

3 0
3 years ago
Would you be more or less attracted to an organization that used online recruiting? Why?
Gemiola [76]
Attractive organizations are often clearly have a topic the research on and are very organized
3 0
3 years ago
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