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balandron [24]
3 years ago
10

Boaz Company had the following information: Estimated Overhead $ 300,000 Actual Overhead $ 350,000 Estimated labor hours 75,000

Actual labor hours 84,000 What is the predetermined overhead rate if labor hours are used as the allocation base?a. $3.57 per labor-hour
b. $4.00 per labor-hour
c. $4.67 per labor-hour
d. $4.17 per labor-hour
Business
1 answer:
Genrish500 [490]3 years ago
7 0

Answer:

b. $4.00 per labor-hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = Estimated overhead ÷ Estimated labor hours

= $300,000 ÷ 75,000 labor hours

= $4.00 per hour        

By dividing the estimated overhead by the estimated labor hours we can find out the predetermined overhead rate and we did the same in the above calculation

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Answer:

He will sell 600 pizzas per week if he cuts the price by 10%.

Explanation:

Price Elasticity of demand measure the responsiveness of demand to change in the price of a product. It calculates the ratio of change in demand and change in price.

Price elasticity of demand = % change in demand / % change in price

-2 = % change in demand / 10%

% Change in in demand = -2 x 10%

% Change in in demand = -20%

Following the law of demand as price decreases the demand of the product increases. So the sale of Pizzas will be increased by 20%.

Current Sale of Pizzas = 500 pizzas

Increase in sales  = 500 x 20% = 100 pizzas

Increased sale = 500 + 100 = 600 pizzas

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3 years ago
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Pushes herself and is determined to finish something she started.
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In each of the following situations, identify if there is a positive or negative externality in play. Explain you answer thoroug
Vitek1552 [10]

Answer:

1. Positive Externality ; 2. Negative Externality ; 3. Positive Externality.

Explanation:

Externalities are benefits or harms to other parties , without payment received or made for them respectively.

Positive Externalities : Externalities positively effecting others. Eg-Education

Negative Externalities : Externalities positively effecting others . Eg-Pollution.

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7 0
3 years ago
Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000
rodikova [14]

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

Actual machine-hours worked= 54,000 hours

<u>To calculate the allocated overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*54,000

Allocated MOH= $432,000

7 0
3 years ago
A corporation is incorporated in only one state regardless of the number of states in which it operates.
k0ka [10]

Answer:

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

True.

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3 years ago
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