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Vlada [557]
3 years ago
9

Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of

the most recently completed year, the company estimated the labor-hours for the upcoming year at 54,000 labor-hours. The estimated variable manufacturing overhead was $7.90 per labor-hour and the estimated total fixed manufacturing overhead was $961,200. The actual labor-hours for the year turned out to be 56,300 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)
Business
1 answer:
nlexa [21]3 years ago
7 0

Answer:

$17.80 per labor-hour

Explanation:

Predetermined overhead rate = Budgeted Fixed Overheads ÷ Budgeted Activity

                                                  = $961,200 ÷ 54,000 labor-hours

                                                  = $17.80 per labor-hour

Predetermined overhead rate for the recently completed year is $17.80 per labor-hour.

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If the Potinsky household spends ​$37 comma 300 annually on all living expenses and​ long-term debt, calculate the amount recomm
Finger [1]

Answer:

$9,249 for three months, $18,498 for six months.

Explanation:

Experts recommend that an emergency fund should include 3 to 6 months of cash to provide for living expenses.

The Potinsky household spends $37,000 annually, therefore, it spends $3,083 monthly ($37,000 / 12).

For a three-month emergency fund = $3,083 x 3

                                                           = $9,249

For a six-month emergency fund = $3,083 x 6

                                                       = $18,498

8 0
3 years ago
Description of the the target market is formed in the___ part of the business plan
Alexandra [31]

Answer:

Market analysis

Explanation:

A business plan is a document that shows the goals of a business and details the roadmap to achieve them. It has several sections, with each giving specific information about the business.

The market analysis part talks about the target clients. The sections give detailed data on the industry, including competitors, market performance, and prevailing trends. It describes customers in the target industry.

5 0
3 years ago
Emma is the labor union negotiator. Today, she is meeting with management to discuss the new five-year contract, including wages
Sergio [31]

Answer:

Distributive bargaining

Explanation:

Distributive bargaining can be defined as a type of bargaining system/strategy in which one party gains only if the other party loses.

Distributive bargaining is mostly used when there is a negotiation that involves fixed resources e.g; money, assets, etc.

Distributive bargaining as a negotiation strategy does not aim to provide a win-win situation for all parties involved but that one party loses while the other gains considerably.

An example of distributive bargaining is a supermarket having a fixed price for an item. in that situation, you can't bargain and as such you either buy the item or leave the store.

That results in a win for the supermarket and a loss for you the buyer should yo choose to buy the item.

Cheers

5 0
3 years ago
I need a 6 sentences paragraph of What would your ideal mentor be like?
alexira [117]

My ideal mentor should have qualities including the ability and willingness to communicate to others; To be organised and prepare for future questions and to be prepared to help. The ability to listen and to comprehend with people. Being a mentor also means you should continue learning about what's going on in your your own social life school or the world at large. Last point, always be fair and always be kind!

Your welcome,

6 0
3 years ago
Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is w
Juliette [100K]

Answer:

The contribution margin ratio is closest to 40%

Explanation:

The contribution margin ratio calculates the percentage of sales that will contribute to cover fixed costs and earn a profit. The contribution margin is the difference between the selling price per unit and the variable cost per unit of a product. The contribution margin ratio is the contribution margin per unit represented as a percentage of selling price per unit or total contribution margin represented as a percentage of total sales revenue.

CM Ratio = Total contribution margin / Total Sales revenue

CM ratio = 72000 / 180000  =  0.4 or 40%

7 0
3 years ago
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