Answer:
$17.80 per labor-hour
Explanation:
Predetermined overhead rate = Budgeted Fixed Overheads ÷ Budgeted Activity
= $961,200 ÷ 54,000 labor-hours
= $17.80 per labor-hour
Predetermined overhead rate for the recently completed year is $17.80 per labor-hour.
Answer:
The answer is B.
Explanation:
Some business transactions are so huge or large to the extent that there might be omission or error in recording transactions when they occur.
Adjusting entries are done to update entries for previously unrecorded expenses or revenues. They are usually done at the end of the months.
Since accrual methods are the most preferred, they are done to make Financial statement achieve the objective of 'completeness'
Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.
<u>Explanation:</u>
The problem is that of Multiple-server Queuing Model.
Number of servers, M = 2.
Arrival rate, 
= 6 boats per hour.
Service rate, 
= 10 boats per hour.
Probability of zero boats in the system,![\mathrm{PO}=1 /\{[(1 / 0 !) \times(6 / 10) 0+(1 / 1 !) \times(6 / 10) 1]+[(6 / 10) 2 /(2 ! \times(1-(6 /(2 \times 10)))]\}](https://tex.z-dn.net/?f=%5Cmathrm%7BPO%7D%3D1%20%2F%5C%7B%5B%281%20%2F%200%20%21%29%20%5Ctimes%286%20%2F%2010%29%200%2B%281%20%2F%201%20%21%29%20%5Ctimes%286%20%2F%2010%29%201%5D%2B%5B%286%20%2F%2010%29%202%20%2F%282%20%21%20%5Ctimes%281-%286%20%2F%282%20%5Ctimes%2010%29%29%29%5D%5C%7D)
= 0.5385
<u>Average number of boats waiting in line for service:</u>
Lq =![[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0](https://tex.z-dn.net/?f=%5B%5Clambda.%5Cmu.%28%20%5Clambda%20%2F%20%5Cmu%20%29M%20%2F%20%7B%28M%20%E2%80%93%201%29%21%20%28M.%20%5Cmu%20%E2%80%93%20%5Clambda%20%292%7D%5D%20x%20P0)
= ![[\{6 \times 10 \times(6 / 10) 2\} /\{(2-1) ! \times((2 \times 10)-6) 2\}] \times 0.5385](https://tex.z-dn.net/?f=%5B%5C%7B6%20%5Ctimes%2010%20%5Ctimes%286%20%2F%2010%29%202%5C%7D%20%2F%5C%7B%282-1%29%20%21%20%5Ctimes%28%282%20%5Ctimes%2010%29-6%29%202%5C%7D%5D%20%5Ctimes%200.5385)
= 0.0593 boats.
The average time a boat will spend waiting for service, Wq = 0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.
The average time a boat will spend at the dock, W = 0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.
Answer:
D) Lessons learnt report is the correct option.
Explanation:
It is a report performed when a project is concluded. The purpose is to determine and analyze elements of the project which were successful and which were not. They are also known as project post more terms and are aimed at informing process improvements that can mitigate future risks and promote best practices. These reports are considered a key component of effective risk management.
Padco averages $15 million worth of inventory in all of its worldwide locations. they operate 51 weeks a year and each week averages $3 million in sales (at cost). their inventory turnover is 10.2 turns.
Inventory turnover is a financial ratio that demonstrates how frequently a company sells and replaces inventory over a specific time frame. The days it takes to sell the company's inventory on hand can then be determined by multiplying the number of days in the period by the inventory turnover formula.
Businesses can improve their decisions about pricing, production, marketing, and the acquisition of new inventory by calculating inventory turnover.
Inventory turnover quantifies how frequently a business can replenish the stocks it has sold during a specific time period. A slower ratio suggests either strong sales or insufficient inventory, while a quicker ratio suggests either weak sales or high sales.
The industries with the largest inventory turnover rates tend to be those with low margins and high volumes, like supermarkets and merchants.
Learn more about inventory turnover here:
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