Answer:
$8 per direct labor hours and $2 per direct labor hours
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = Budgeted fixed manufacturing overhead ÷ planned activity level
= $480,000 ÷ 60,000 direct labor hours
= $8 per direct labor hours
And, the budgeted variable manufacturing overhead is $2 per direct labor hours
We simply divide the budgeted fixed manufacturing overhead by the planned activity level
Answer:
The answer is significantly.
Explanation:
Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.
The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors
The statement “Expenses, such as depreciation on buildings
are also known as variable expenses.”, is false, due to the fact that depreciation
is a fixed cost since throughout its useful life as an asset, it reoccurs in
the same amount per period, and thus, depreciation cannot be considered a
variable cost. Nevertheless, as with all things, there is an exception. The
depreciation will be sustained in a pattern that is more consistent with a
variable expense, only if a business recruits a usage-based depreciation methodology.
To add, the corporate expense that alters with the company’s
production output is called the variable cost.
B. Accumulating Wealth. It is the way to understand and continuously add to the wealth.
<h3>What is Wealth/Income?</h3>
Wealth or income is the amount that is earned by individuals, the income is earned in many different ways for example an individual can have a business to earn the income, or an individual can have a job that is salary based. Wealth is the other name of income.
Another method of earning and increasing wealth is Interest Income, when an amount is deposited with a financial institution the amount is added with the interest income.
Interest income is calculated on the interest rate, interest rate is the market rate in the prevailing economy. Income can be earned more by working hard and there are many ways to earn income and it is the goal of all the individuals to grow their wealth.
Learn more about Income at brainly.com/question/27357180
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Answer:
False, we conclude that $1 in one year from now is worth more than that of today.
Explanation:
The time value of money (TVM) is concept that suggests money available at present time is worth more than identical sum in future due to potential earning capacity.
This core principle in finance holds that the provided money can earn interest , and any amount of money is worth more the sooner it is received.
Also future money is not affected by inflation, only present money is.
Hence we conclude that $1 in one year from now is worth more than that of today.
