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Nat2105 [25]
3 years ago
15

Kinetic Company estimates that overhead costs for the next year will be $1,600,000 for indirect labor and $400,000 for factory u

tilities. The company uses direct labor hours as its overhead allocation base, and plans to use 50,000 direct labor hours for this next year. If a product uses 5 direct labor hours, then it will be assigned $200 in overhead costs.a. True
b. False
Business
1 answer:
netineya [11]3 years ago
4 0

Answer:

The correct answer is "False".

Explanation:

The given values are:

Indirect labor,

= $1,600,000

Factory utilities,

= $400,000

Direct labor hours,

= $50,000

Now,

The plantwide overhead rate will be:

= \frac{Indirect \ labor +Factory \ utilities}{Direct \ labor \ hours}

On substituting the values, we get

= \frac{1,600,000+400,000}{50,000}

= \frac{2,000,000}{50,000}

= 40 ($) direct labor per hour

Thus the above is the right response.

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Answer:

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3 years ago
As inventory and property plant and equipment on the balance sheet are consumed, they are reflected: Select one: A. As a revenue
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Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.

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The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.

As a result, option (b) is correct.

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6 0
2 years ago
Assume MU_c and Mu_d represent the marginal utility that a consumer gets from products C and D, the respective prices of which a
lana [24]

Answer:

<h2>The correct answer in this case is option C. or MU(c)/P(c)>MU(d)/P(d).</h2>

Explanation:

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8 0
3 years ago
Over the last 50 years, family income has become __________ in explaining the educational achievement gap
salantis [7]
It seems that you have missed the necessary options for us to answer this question,  but anyway, hope this answer helps. Over the last 50 years, family income has become MORE IMPORTANT THAN RACE <span>in explaining the educational achievement gap. Hope this answers your question.</span>
7 0
3 years ago
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