Answer: $300,000
Explanation:
As overhead is applied on the basis of direct labor cost, the overhead rate for the period is:
= Overhead / Direct labor cost * 100%
= 5,340,000 / 890,000 * 100%
= 600%
If direct labor cost is $50,000 then overhead applied will be:
= Direct labor cost * Overhead rate
= 50,000 * 600%
= $300,000
Answer:
the total manufacturing cost is $215,000
Explanation:
The computation of the total manufacturing cost is shown below:
= Direct material used + direct labor cost + manufacturing overhead cost
= $69,000 + $92,000 - $8,000 + $25,000 + $37,000
= $215,000
Hence, the total manufacturing cost is $215,000
We simply applied the above formula
That statement is false
Some of the database transaction could be recorded as soon as the transaction happen. Some companies may adopt different financial recording policy for their operation. It's not rare to see a company that will acknowledge transaction as soon as it happen so they could create a more accurate view about their company's financial position.
The table shows that price of J will be $12, the quantity demanded of A will be 700, and the marginal revenue of E is 7.
<h3>How to calculate the values?</h3>
The price of J will be:
= Total revenue / Quantity demanded
= 14400/1200
= 12
The quantity demanded of A will be:
= Total revenue/Price
= 11900/17
= 700
The marginal revenue of E will be:
= (13500 - 12800)/(900 - 800)
= 700/100
= 7
The variable cost of B will be:
= 6140 - 500
= 5640
The total cost of C will be:
= 6135 + 500
= 6635
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<span>Heavy speculation is a bad idea in any market since it has a tendency to inflate prices to unrealistic levels. That is basically what many investors prior to the Great Depression did when they thought the market would keep going higher and higher. They borrowed money, sold their houses, etc.. to buy into the stock market thanks to that kind of speculation without even considering the underlying reasons for why the market is there in the first place.</span>