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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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If an automobile manufacturer pays $200 for a car windshield, $400 for four car tires, $100 for a car CD player, and sells cars
elena55 [62]

Answer:

$20,000

Explanation:

GDP is the market value of <u>all final goods and </u>

<u>services</u> produced within a country in a given period of time.

The GDP includes only the value of final goods, <em>the value of manufactured automobile in this question</em>, not the value of intermediate goods used in it, <em>the windshield, tires, and others.</em>

Reason: The price of intermediate goods (windshield, tires, CD player) is already included in the final price of $20,000.

Hence, GDP discourage to include these intermediate goods value as it will lead to double counting given that they're already included in final price of $20,000.

3 0
3 years ago
Can someone sell a car that is not registered to their name
postnew [5]
No. Someone can not sell a car legally if it is not registered to their name.
5 0
3 years ago
The public debt for the economy is
Paraphin [41]
The public debt is the amount of money that a government owes to outside debtors. Public debt allows governments to raise funds to grow their economy or pay for services. Politicians prefer to raise public debt rather than raise taxes. When public debt reaches 77% of GDP or higher, the debt begins to slow growth.
4 0
3 years ago
If the price of gasoline rises, when is the price elasticity of demand likely to be the most elastic
QveST [7]
$3.00 probably because if it,s $3.00 it should be very elastic
7 0
3 years ago
In year 1, Kris purchased a new home for $200,000 by making a down payment of $150,000 and financing the remaining $50,000 with
blondinia [14]

Answer: D. $7,500

Explanation:

Before the $150,000 mortgage at 5%, the existing $40,000 balance of the loan was paid off. Therefore, only the mortgage was payable. At 5% x %150,000 = $7500 interest.

Therefore, the amount $7500 interest expense Kris will deduct as home related interest expense would be $7,500.

4 0
3 years ago
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