Answer:
$ 0.60 per labor cost
$ 24.00 per machine hours
Explanation:
expected overhead cosT:
depreicaiotn 160,000
maintenance 60,000
supervisory 40,000
rent 100,000
Total overhead cost: 360,000
The predetermined overhead rate is division of the expected overhead cost over a cost driver
a) being labor cost: 600,000
overhead rate: 360,000 / 600,000 = $0.6 per labor cost
b) being machine hours
overhead rate: 360,000 / 15,000 = $ 24 per machine hours
Answer:
The correct answer is option B.
Explanation:
The quantity of output produced=3,000 units
The total cost of production is $36,000.
The fixed cost of production is $20,000.
The price of the good is $10.
The variable cost of production will be
=$36,000-$20,000
=$16,000
The total revenue earned is
=$10*3,000
=$30,000
The firm should continue to produce because the revenue is covering the total variable cost.
Answer:
The correct answer is letter "B":You have to earn below a certain amount to make contributions .
Explanation:
A Roth Individual Retirement Account (IRA) is the type of retirement account where contributions grow tax-free and allows individuals to withdraw funds under certain conditions. <em>People are eligible to open a Roth IRA as long as their income is less than $139,000 for singles and $206,000 for married couples- </em>information that applies for the year 2020.
The economy must increase inputs.
<h3>
The production possibility curve, what is it?</h3>
A limited number of goods and services can be produced by factors of production in an economy. A production possibilities curve illustrates the many combinations of goods and services that a nation's economy is capable of creating. It serves as an illustration for the model of production possibilities. We will assume that the economy can only generate two types of commodities, that the quantities of its accessible technologies are fixed, and that it can only manufacture two types of goods at once when plotting the production possibilities curve.
As a result, increasing inputs is necessary for an economy to enhance its production potential.
For more information on <u>Production Possibility </u>Curve, refer to the following:
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Answer:
The two location will have the same total cost for a volume of 40 items.
Explanation:
The cost function C for the alternatives in terms of the variable cost V and the fixed cost F, being x the selling items, can be expressed as:
C = F +V.x
Thus for the alternatives A and B the corresponding cost function Ca and Cb will be:
Ca = Fa + Va.x
Cb = Fb + Vb.x
Replacing the fixed and variables values for eahc alternatives:
Ca = 100,000 + 13,000x
Cb = 300,000 + 8,000x
By equalling the cost:
Ca = Cb
100,000 + 13,000*x = 300,000 + 8,000*x
13,000x -8,000x = 300,000 - 100,000
5,000x = 200,000
x = 200,000 / 5,000 = 40
The cost functions will be equal for a 40 volume of items.