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USPshnik [31]
3 years ago
5

Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to be $800,000 and $500,000, res

pectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 16,000 hours and 10,000 hours, respectively. What is the predetermined overhead allocation rate?
a. $0.00 per machine hour
b. $81.25 per labor hour
c. $50.00 per machine hour
d. $51.25 per labor hour
Business
1 answer:
Dimas [21]3 years ago
8 0

Answer:

c. $50.00 per machine hour

Explanation:

Calculation to determine the predetermined overhead allocation rate

Using this formula

Predetermined overhead allocation rate=Manufacturing overhead costs/Machine hours

Let plug in the formula

Predetermined overhead allocation rate=$500,000/10,000

Predetermined overhead allocation rate=$50.00 per machine hour

Therefore Predetermined overhead allocation rate is $50.00 per machine hour

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Unemployment would cause an economy to Group of answer choices produce outside its production possibilities frontier. produce in
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Answer:

The correct answer is: produce inside its production possibilities frontier.

Explanation:

The production possibility frontier shows the maximum possible combination of two goods that an economy can produce using all the available resources and state of technology.

Unemployment in an economy means that all the available resources are not being completely used. So, the economy will operate at a point inside the production possibility curve.

Production at this point will be feasible but allocatively inefficient.

3 0
3 years ago
Suppose demand is given by q = 80 - 0.5p. what is the price elasticity of demand when p = 40?
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3 years ago
​Simmons, Inc. uses the​ lower-of-cost-or-market method to value its inventory that is accounted for using the LIFO method. Data
MA_775_DIABLO [31]

Answer:

The lower- of- market- or cost for the item is $21

Explanation:

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selling price is $30

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As the market cannot be lower than the floor which is $21. Therefore, the lower of cost which is $26 and the market which is $21. But have to take lower. So, it is $21.

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3 years ago
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Answer:

um....

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