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sesenic [268]
3 years ago
8

A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost driver

was estimated as 2,500 hours. If Product A utilized 1,350 hours and Product B utilized 1,100 hours, what was the amount of overhead assigned to the products
Business
1 answer:
Ivenika [448]3 years ago
5 0

Answer:

$68,600

Explanation:

Activity Based Overhead Rates = Estimated Overhead / Expected Use of Cost Drivers per Activity (Hours)

Activity Based Overhead Rates = $70,000 / 2,500

Activity Based Overhead Rates = $28

Overhead Assigned = Overhead Rate * Hours Utilized

Product A Overhead Assigned = $28 * 1,350 hours

Product A Overhead Assigned = $37,800

Product B Overhead Assigned = $28 * 1,100 hours

Product B Overhead Assigned = $30,800

Total Overhead Assigned = Product A Overhead Assigned + Product B Overhead Assigned

Total Overhead Assigned = $37,800 + $30,800

Total Overhead Assigned = $68,600

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Use your understanding of the strategic management process to complete the sentences below.
pantera1 [17]

A firm’s <u>Strategy</u> is the plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization’s goals.

Explanation:

A firm’s <u>Strategy</u> is the plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization’s goals.

By acquiring a technology company that develops smartphone apps, a video-streaming business hopes to achieve <u>Synergy </u>, combining its video rights with mobile technology to increase profits.

<u>Example</u>

Drybar, which started in Brentwood, California, in 2010, is a hair salon catering entirely to people with curly or frizzy hair who want their hair straightened. No cuts, perms, or coloring happen here. The store now has over 40 locations.-<u>Target Customer</u>

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Applewood Seed Co. of Colorado has fifty years of experience growing and supplying native wildflowers, grasses, and herbs to seed distributors, landscapers, golf courses, state highway departments, parks departments, government agencies, garden centers, mining companies, hydroseeders, and reclamation companies. Applewood has both an in-depth horticultural knowledge of native plants and the ability to supply in bulk-<u>This statement is an example of exploit core competencies</u>

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4 0
3 years ago
A service animal can. A) cat. B) Snake C) Miniature horse D) Kangaroo true or false
Taya2010 [7]
False, because you can't really use those animals for a service.
5 0
4 years ago
Read 2 more answers
What is one reason why a business may want to move entirely online?
Brilliant_brown [7]
B. To focus on a global market.
4 0
3 years ago
Read 2 more answers
If output is produced according to Q = 5Lk (L is the quantity of labor and k is the quantity of capital), the price of K is $12,
sattari [20]

Answer:

The option E is correct

Explanation:

Solution

Given that:

The output manufactured to Q = 5Lk

Where L= Labor quantity

k=Capital quantity

The price of K= $12

The price of L =$6

Now,

We find the combination of both K and L that will produce 4,000 units of output.

MPL/MPK is defined as the cost minimizing combination = w/r

Thus,

MPL/MPK = D(Q)/dl = 5k

same will be done for L,

MPL/MPK = D(Q)/dk = 5L

We divide 5K and 5L

So,

5k/5L =$6/$12

k/L = 1/2

Thus,

k =L/2

Now, when we substitute the value  L = 2k in Q we have the following below:

Q = 5k * (2k)

Given that Q = 4000

So,

4000=10k2

4000=k2

we divide

k =20

L = 2k = 2820

= 40

Therefore, L =40, k = 20

8 0
3 years ago
when the forces of supply and demand lead to an inefficient outcome the economic surplus is maximized. economists call this a ma
deff fn [24]

a. When the forces of supply and demand lead to an inefficient outcome: economists call this a market failure.

<h3>What is meant by market failure?</h3>

This is the term that has to do with the state where the market that is an economy can be said to not be working.

b. The question in this category needs us to be able to fill in the details from the question into the empty boxes. Therefore:

For the efficient box

  • a market in which economic surplus is maximized

For the inefficient box:

  • a market transaction in which buyers or sellers behave irrationally
  • a market transaction in which one party has information not available to other party
  • a market dominated by few powerful businesses
  • a market in which government regulation creates distortions

Read more on market failure here:

brainly.com/question/26506407

#SPJ1

3 0
1 year ago
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