If you know how to think critically and have excellent problem solving skills, you are said to have strong

Tancredi Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the be

olganol [36]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Fixed overhead= 33,500

Total variable overhead= (1.8*5,000) + (3*5,000)= 24,000

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (33,500 + 24,000) / 10,000

Predetermined manufacturing overhead rate= $5.75

Now, we can determine the total cost for each Job:

Job E:

Direct material= $12,800

Direct labor= $17,600

Allocated overhead= (3,400 + 2,000)*5.75= $31,050

Total cost= $61,450

Job J:

Direct material= $7,000

Direct labor= $1,600

Allocated overhead= (1,600 + 3,000)*5.75= $26,450

Total cost= $35,050

6 0

3 years ago

Which of the following makes it more difficult for an incumbent to successfully engage in limit pricing? Multiple Choice Complet

kirill115 [55]

Answer:

Complete information

Explanation:

A limiting pricing can be described as a strategy that is employed by an incumbent to prevent entry by maintaining a price lower than the monopoly price.

In situation whereby there is completion information, it will be more difficult for an incumbent to successfully engage in limit pricing because knowledge about the incumbent, the market, product, and others is available to others.

7 0

3 years ago

Which bests describes the purpose served by economic models within an economic systemh

snow_lady [41]

To identify patterns.

An economic model is a graph or other visual tool that shows how different elements of an economy (supply, demand, etc) come together to help better understand the data.

6 0

3 years ago

When entering traffic, you should activate your turn signal after

yanalaym [24]

Check traffic around you (rear, sides and front). Look for a gap of 4 to 5 seconds intraffic. Activate your turn signal (do this at least 100 feet before you make the lane change). Check your mirrors (rear-view then your side mirrors).

6 0

3 years ago

The slope of a curve is defined as the upper delta upper yδy divided by the upper delta upper xδx . (assume the y values are on

Fantom [35]

Explanation:

The cost function for this industry is given by,

$TC = FC + VC*Q$