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Solnce55 [7]
3 years ago
14

Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make

one handle bar of either type. During the most recent accounting period, Barr Company made 7,000 steel bars and 3,000 titanium bars. Setup costs amounted to $84,000. One batch of each type of bar was run each month. If a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
Business
1 answer:
quester [9]3 years ago
5 0

Answer:

Explanation:

Particulars    Steel Bars Titanium Bars

Units Per Batch 7000 3000

Hours Per Unit   1         1

Total Hours         7000 3000

Overhead rate on the basis of direct labor = Total Overhead / Total labor hours  = 84,000/10,000 i.e 8.40

Overhead cost allocated to steel bars = 8.40*7000 = 58,800

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ollegr [7]

Answer:

B

Explanation:

The marginal cost of producing food is $25, which is greater than the price of selling the food.

At this point the firm is incurring a loss. In order to improve profit margins, the firm should reduce the amount of meals been produced, so that profit would increase

3 0
3 years ago
Paying an amount on account reduces:_______
hichkok12 [17]

Option (d) the amount owed on a liability is correct.

Paying an amount on account reduces the amount owed on a liability.

<h3>What is liability?</h3>
  • A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
  • There are various ways to define a liability's duration. The average duration (or mean term) of the liability is what is typically meant by the term "duration of liability" in actuarial valuation. In other terms, it refers to the typical rate of a liability's repayment.
  • Liabilities can be used by businesses to increase liquidity if they are having cash flow issues. Most small and medium-sized enterprises lack the financial resources necessary to grow.

Learn more about liability here:

brainly.com/question/15006644

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3 0
1 year ago
Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to:
sukhopar [10]

Answer:

-3

Explanation:

PED= change in quantity demanded /change in price

6 0
3 years ago
If gas costs $3.05 per gallon and you purchase 18.875 gallons, how much will you spend?
Nezavi [6.7K]

Answer:

You will spend about 57.57 gallons (57.568 to be exact)

Explanation:

Multiply $3.05 with 18.875 gallons to get the total

3 0
2 years ago
Read 2 more answers
Boris Jasper is the manager of an auto parts division for a large auto parts supplier. The division makes dampers and oil pumps.
shepuryov [24]

Answer:

a) Raise the sales revenue.

b) Decrease the cost of raw materials.

c) Decrease discretionary fixed cost

Explanation:

<em>Return on Investment (ROI) = Divisional Profit Contribution / Assets Employed in the Division</em>

ROI increases when the  Divisional Profit Contribution increased and Assets Employed in the Division are reduced.

4 0
3 years ago
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