Answer: Exceptions to the Equal Dignity Rule
Explanation:
The equal dignity rule is one of the legal concept that helps in that helps in performing various types of activities and task on the basis of legal authorization.
According to the given question, the equal dignity rule has different types of exceptions and these are explained by the given example of an executive officer of an organization can easily doing business transaction without any legal authority and legal written document.
Therefore, The given example is known as the exception to the equal dignity rule.
Producers, as define in economics, as the person who makes the commodity ready for the market. This are people who manufacture raw materials to make it something that others are demanding or wanted. They are somewhat part of the supply side of the economy.
Answer:
Over-applied overheads= $54,800.00
Explanation:
<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.</em>
<em>As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred</em>.
Overhead absorption rate = budgeted Overhead/Budgeted labour hours
= $360,000/30,000 direct labour hour
<em>= $12 per hour</em>
<em>Absorbed overhead= OAR× actual labour hours</em>
= 12× 36,000
= 432,000.00
<em>Over absorbed(applied) overhea</em>d = is the difference between actual overhead and absorbed
$432,000.00 - $377,200
Over-applied overheads= $54,800.00
Answer:
the applied overhead is $38,788.24
Explanation:
The computation of the amount of overhead applied is given below:
0.70 ÷ 1.70 × applied overhead + $23,900 + $71,700 = $39,190 + $150,610
0.70 ÷ 1.70 × applied overhead = $94,200
applied overhead is
= $38,788.24
Hence, the applied overhead is $38,788.24
The right answer for the question that is being asked and shown above is that: "supply of university admissions won’t be changed because demand for admission will increase." When the government offers subsidies to state universities that admit students with B averages in high school, supply of university admissions won’t be changed because demand for admission will increase.
