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Tresset [83]
2 years ago
13

Wallace's Wrench Company manufactures socket wrenches.

Business
1 answer:
Art [367]2 years ago
4 0

Answer:

a. $3

b. $3.27

c. $4.34

d. $4.5

Explanation:

a. The computation of theoretical fixed manufacturing overhead rate is shown below:-

Theoretical fixed manufacturing overhead rate = Total Fixed manufacturing costs per month ÷ (Wrenches per day × Work days)

= $360,000 ÷ (6,000 × 20)

= $360,000 ÷ 120,000

= $3

b. The computation of the practical fixed manufacturing overhead rate is shown below:-

Practical fixed manufacturing overhead rate = Total Fixed manufacturing costs per month ÷ (Production per day × Work days)

= $360,000 ÷ (5,500 × 20)

= $360,000 ÷ 110,000

= $3.27

c. The computation of the normal fixed manufacturing overhead rate is shown below:-

Normal fixed manufacturing overhead rate = Total Fixed manufacturing costs per month ÷ (Average wrench per day × Work days)

= $360,000 ÷ (4,150 × 20)

= $360,000 ÷ 83,000

= $4.34

d. The computation of the master-budget fixed manufacturing overhead rate is shown below:-

Master-budget fixed manufacturing overhead rate = Total Fixed manufacturing costs per month ÷ (Production wrench per day × Work days)

= $360,000 ÷ (4,000 × 20)

= $360,000 ÷ 80,000

= $4.5

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Vanyuwa [196]

A portfolio of stocks may achieve diversification benefits if the stocks that comprise such portfolio are not perfectly positively correlated.

A stock portfolio is a collection of stocks that are invested in with the hope of making a profit. By putting together a diverse portfolio that spans various sectors individual  will be able to become a more resilient investor.

This is  because if one sector takes a hit, the investments  held by you  in other sectors aren’t necessarily affected.

When assembling a stock portfolio, it’s important to have the organizational goals in mind beforehand. That way the  decision-making process is guided by reason as opposed to emotion.

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4 0
2 years ago
Economic analysis is used only by policy makers to make policy decisions. only by business people to raise profits. only by inst
Free_Kalibri [48]

Answer:

The correct answer is: in all decision making.

Explanation:

Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.  

Almost all the decision we make is based on cost-benefit analysis. It used by households and individuals for utility maximization. It is used by businesses for profit maximization and is used by policy makers for welfare maximization.

5 0
3 years ago
The Southern Bell Company manufactures 2,000 telephones per year. The full manufacturing costs per telephone are as follows:
Degger [83]

Answer:

The company should buy the units because it will save $10,000.-

Explanation:

Giving the following information:

Make in-house:

Unitary variable cost= 2 + 8 + 6= $16

Avoidable fixed cost= $8,000

Buy:

Unitary cost= $15

<u>First, we will determine the total cost of each option:</u>

Make in house= 2,000*16 + 8,000= $40,000

Buy= 15*2,000= $30,000

The company should buy the units because it will save $10,000.-

5 0
2 years ago
Tally Company uses job costing. The job cost record for Job A61 on March 1 showed a balance of $5,200. The job was completed on
Gemiola [76]

Answer:

Total cost= $15,100

Explanation:

Giving the following information:

The job cost record for Job A61 on March 1 showed a balance of $5,200.

Job A61:

March:

Direct materials= $2,300.

Direct Labor= $4,000.

Manufacturing overhead is allocated based on direct labor cost. The rate is 90% of direct labor cost.

MOH= 4000*0.9= $3,600

Total cost= 5,200 + 2,300 + 4,000 + 3,600= $15,100

8 0
3 years ago
Feeling "He who does the work of the King ought to be King," Pope Zacharias helped whom become King of the Franks in 751?
Gnom [1K]

Answer:

(C) Pepin The Short

Explanation:

In 741AD, Pepin took over from his father as Mayor of the Palace. He ruled alongside his elder brother.

In 743AD, Pepin and his brother chose Childeric to be the <em>apparent</em> King of the Franks. Both brothers still wielded the functional power to the throne. Childeric was just to 'appear to be' the King (unknown to him though).

In 747AD, Pepin's brother stepped down (intentionally and on his own accord). Pepin then became the only ruler of the entire Frankish territory.

In 751AD, Pepin, without full support from his clan, lured Childeric into monastery in order to remove him as the 'face of Francia'.

Pope Zacharias helped Pepin to be proclaimed King of the Franks, against all opposition.

3 0
2 years ago
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