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Murljashka [212]
3 years ago
8

The predetermined overhead allocation rate is an estimated overhead cost per unit of the allocation base and is calculated at th

e beginning of the accounting period. True or False
Business
1 answer:
BaLLatris [955]3 years ago
7 0

Answer:

TRUE

Explanation:

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

The expected overhead cost for the period are allocated over a cost driver ussually; labor hours, machine hours or labor cost.

This is done when the company generated their budget for the upcomming period thus, at the beginning of the accounting period.

Then, at year-end or end-of-the-month the company will adjust the overhead against the actual overhead cost.

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is the sum of all the values that customers exchange for the benefits of having or using a product or service.
snow_tiger [21]

Price. It is the sum of all values that buyers exchange for the benefits of having or using a good or service. can be defined very narrowly as the amount of money charged for a product or a service. However, the price is really more than that.

3 0
3 years ago
Read 2 more answers
A point on the production possibilities curve represents a combination of goods that is
Elodia [21]

Answer:

The correct answer is:  feasible and efficient.

Explanation:

The production possibility curve or frontier shows the different bundles or combinations of two goods that be produced using the given resources and state of technology.  

All the points on the production possibilities curve represent the combinations that are feasible and efficient.

The points below the curve show the points that are feasible but inefficient.

The points above the curve show the points that cannot be attained using the given level or resources and technology.

6 0
3 years ago
Yehle Inc. regularly uses material Y51B and currently has in stock 457 liters of the material for which it paid $2,619 several w
Sedaia [141]

Answer:

Option A is the correct answer,$5810

Explanation:

The relevant of the Y51B is the cost of replacement,which is the open market price as it is actively being used by Yehle Inc.

Besides, if the quantity currently in inventory is used it has to be replaced at open market price.

Disposal value would have been used if the material in question is not being used

The relevant of 700 liters is given below:

$5.81*1000=$5,810

1000 liters has to be bought not 700 liters as the least quantity available for sale is 1000 liters.

Above,it would be wrong to choose option D as 700 liters is not available

5 0
3 years ago
Mikail's perfectly competitive camera memory card–producing factory is making positive economic profits. If the price of memory
irina1246 [14]

Answer:

B. $6000

Explanation:

Given that

Price = $9

Average total cost (ATC) = $7

Output (Q) = 3000

Two methods can be used in calculating profit in this case.

The first method is

Profit = (price - ATC) × Q

= (9 - 7) × 3000

= 2 × 3000

= $ 6000

The second method is

Profit = Total revenue (TR) - Total Cost (TC)

Where TR = Price × Q = 9 × 3000 = $27000

TC = ATC × Q = 7 × 3000 = $ 21000

Therefore,

Profit = 27000 - 21000

= $6000

Any method used will result to the same answer.

NOTE THAT,

ATC = Total cost / Q.

So change of formula was used to obtain Total cost from this formula.

4 0
3 years ago
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $2,500. For each of the next 5 y
yarga [219]

Answer:

Mark will have at the end of six years the amount of $25,865.74

Explanation:

According to the given data we have the following:

First investment = 2500

Investment increasing at rate of 10%

Interest rate = 13%

t=6 years

Present value is given by formula = C * [((1+g)^n/(1+i)^n) - 1 ] / (g-i)

C is first value = 2,500

g is increase in investment = 0.10

i is intrest rate = 0.13

n is no of years = 6

Putting values into the equation

P = 2500* [((1+ 0.10)^6/(1+0.13)^6) - 1 ] / (0.10-0.13)  1.771561    2.08195

P = 2500* [((1.10)^6/(1.13)^6) - 1 ] / (-0.03)

P = 2500* [0.8509142870866 - 1 ] / (-0.03)

P = 2500* (-0.14908571)/ (-0.03)

P = 2500* 4.9695236

P=$12,423.809

Future value = P*(1+i)^t

= $12,423.809 *(1+0.13)^6

= $25,865.74

Mark will have at the end of six years the amount of $25,865.74

7 0
3 years ago
Read 2 more answers
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