6. How long does it take for the average new drug to be tested and approved for

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours,

Verdich [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours, and 30,000 hours respectively. The variable manufacturing overhead rate is $4 per machine-hour. The fixed manufacturing overhead is $50,000 per quarter, which includes $20,000 of depreciation expense.

1) Total hours= 100,000 hours

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

Allocated MOH= 100,000*4= $400,000

2) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= 50,000*4= 200,000

Estimated manufacturing overhead rate= 200,000/ 100,000= $2 per hour

7 0

4 years ago

An actuary is a person who assesses various forms of risk. Based on past data, the holder of an automobile insurance policy pays

Likurg_2 [28]

Answer:

With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.

Explanation:

According to the given values in the question,

The expected value will be:

⇒ $E(value) = Sum \ of \ (x\times P(x))$

By putting all the given values, we get

⇒ $=1000\times 0.05+5000\times 0.02+25000\times 0.01+0\times 0.92$

⇒ $=50+100+250+0$

⇒ $=400$ ($)

As we can see that,

$E(value)$

$400$

Thus the above is the correct answer.

8 0

3 years ago

To display desserts in restaurants, Mario Sclafani ordered refrigeration units from Felix Storch, Inc. Felix faxed a credit appl

Maksim231197 [3]

Answer:

Who is the principal? 

Mario Sclafani

Who is the agent? 

The office worker

Explanation:

Sclafani is a disclosed administrator. Principals are responsible for agreements entered into by an agent when the principal approved the contract.

Whenever a third party, Felix in this scenario, signs a contract with a disclosed source, Sclafani in this case, who is responsible for the contract.

8 0

3 years ago

The model commonly used by large organizations places the information security department within the __________ department.\

victus00 [196]

Information technology

7 0

4 years ago

Benchmarking: allows industry participants to develop industry-wide standards. synchronizes the business processes of customers,

BabaBlast [244]

Answer:

compares the efficiency and effectiveness of your business processes against strict standards.

Explanation:

Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.” The point of benchmarking is to identify internal opportunities for improvement.

7 0

3 years ago