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Jet001 [13]
4 years ago
7

Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121

,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to
Business
1 answer:
Nadya [2.5K]4 years ago
3 0

Answer:

Predetermined manufacturing overhead rate= $12.1 per direct labor hour

Explanation:

Giving the following information:

Estimated total fixed manufacturing overhead= $121,000

Estimated direct labor hours= 10,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

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

Predetermined manufacturing overhead rate= 121,000/10,000

Predetermined manufacturing overhead rate= $12.1 per direct labor hour

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The price of a European call option on a non-dividend-paying stock with a strike price of $50 is $6. The stock price is $51, the
klemol [59]

Answer: 2.09

Explanation:

Given the following ;

Strike price (K) = $50

Price (c) = $6

Rate (r) = 6% = 0.06

Stock price (So) = $51

Time (T) = 1

Recall, relation for a put-call parity(p) is given by:

p + So = c + Ke^-(rT)

p = c + [Ke^-(rT)] - So

p = 6 + [50e^-(0.06 × 1)] - 51

p = 6 + [50×e^-0.06] - 51

p = 6 + (50 × 0.9417645) - 51

p = 6 + 47.0882267 - 51

p = 53.0882267 - 51

p = 2.0882267

p = 2.09

4 0
3 years ago
Perteet Corporation's relevant range of activity is 3,600 units to 8,000 units. When it produces and sells 5,800 units, its aver
creativ13 [48]

Answer:

Total MFG Overhead  $ 20680

Explanation:

Perteet Corporation

Manufacturing overhead consists of Variable manufacturing overhead and Fixed manufacturing overhead.

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Manufacturing overhead per unit    $ 4.7

No of units =  4,400

Total MFG Overhead = 4.7 * 4400 =  $ 20,680

The manufacturing overhead costs do no not consists of Fixed selling expense, Fixed administrative expense ,Sales commissions and Variable administrative expense. Another way of finding the manufacturing overhead costs is subtracting the cost of direct materials and direct labor from the cost of goods sold.

Cost of Goods Sold $ 14.2

Direct materials $ 6.30

Direct labor $ 3.20

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Total Manufacturing Costs= $ 14.2

Less Direct Materials Cost= $ 6.3

Less Direct Labor Costs = $ 3.2

Mfg Overhead= $ 4.7

No Of Units = 4400

Total MFG Overhead = 4.7 * 4400= $ 20680

     

6 0
3 years ago
The ________ states that exchange rates between any two currencies will adjust to reflect changes in the price levels of the two
ivolga24 [154]

Answer:

The _purchasing power__ states that exchange rates between any two currencies will adjust to reflect changes in the price levels of the two countries.

Explanation:

7 0
2 years ago
A very powerful tool for showing our project progress is the Gantt chart. We will review and update it in each weekly progress m
fredd [130]

Here's the options that complete the question:

A. tasks and time

B. quality and tasks

C. costs and tasks

D. costs and time

E. quality and time

Answer:

<u>A.</u>

Explanation:

The overall purpose for the invention of the Gantt chart by Henry Gantt was so that project managers could see the relationship between tasks and time.

Inorder words, to show the amount of time to be spent by an employee or group of employees on a particular tasks so as to increase workers efficiency.

6 0
3 years ago
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Slot machine is to vending machine as _____ reinforcement is to _____ reinforcement.
ioda

The answer is primary reinforcement as to secondary reinforcement. Primary reinforcers are biological. Principal examples are food, beverage, and desire. But, most human reinforcers are secondary, or conditioned. Examples comprise money, grades in schools, and tokens. Secondary reinforcers acquire their power through a history of link with primary reinforcers or other secondary reinforcers. For instance, if I said to you that dollars were no longer accepted to be used as cash, then dollars would miss their control as a secondary reinforcer.

7 0
3 years ago
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