Answer:
$30.39 per machine hour
Explanation:
Giannitti corporation has an estimated machine hours of 36,000
The estimated variable manufacturing overhead is $3.01 per machine hour
The estimated total fixed manufacturing overhead is $1,058,040
The first step is to calculate the the predetermined overhead rate
= 36,000 + 3.01 + 1,058,040
= $1,094,043.01
Therefore the predetermined overhead rate can be calculated as follows
= 1,094,043.01/36,000
= $30.39 per machine hour
Hence the predetermined overhead rate for the recently completed year is closest to $30.39 per machine hour
Answer:
The correct answer is: Most people wish to avoid responsibility, have little ambition, and want security.
Explanation:
This type of management thinking responds to the early theories of management, more especially to the classical theories of organization. These theories were devoted to the superior's authority, objectives, rules and, economic activities. They organized men and materials for achieving objectives for their benefits, characterized by a large and complex atmosphere with impersonal detachment from human resources.
The motivation of workers were purely by bonus and monetary benefits. The general idea was that workers were inspired to perform the job if they are paid according to their contributions. Workers are considered economic beings. Man was considered a rational and not an emotional being. It assumes that man wants only money, and this assumption provides the maximum opportunity to exploit employees. The idea that people avoid responsibility is due to the hierarchy and chain of command, the responsibility of the work rests on the superior.
Answer:
Results are below.
Explanation:
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 4,290,000 / (650 - 455)
Break-even point in units= 22,000
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<u>Now, if the selling price is $655, the break-even point in dollars is:</u>
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 4,290,000 / [(655 - 455) / 655]
Break-even point (dollars)= $14,049,750
Answer:
Increase
Increase
Explanation:
When wealth increases, the disposable income of individuals increases and individuals are more willing and able to invest in stocks and long term bonds.
I hope my answer helps you.
Answer:
Accounting ethics is primarily a field of applied ethics and is part of business ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics
Explanation:
