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Romashka [77]
3 years ago
12

Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product

line, the controller, Robert Hermann, has developed the following information.
Car Truck
Estimated wheels produced 40,000 10,000
Direct labor hours per wheel 1 3

Total estimated overhead costs for the two product lines are $770,000.

Required:
a. Calculate overhead rate.
b. Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to allocate overhead costs.
Business
1 answer:
Lorico [155]3 years ago
6 0

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel  

40,000 *1hr = 40,000      

   

Direct labor hrs for Truck      

10,000 * 3hr= 30,000      

   

total direct labor hrs 40,000+30,000 = 70,000  hrs

Overhead rate is total est oh cost/ total direct labor hrs    

770,000/70,000= 11.00    

B) Car truck wheels 40,000*11 =440,000

Truck wheels 10,000*11=110,000

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For good X, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping s
Pepsi [2]

Answer:

deadwweight loss $2,250

Explanation:

The deadweight loss is the area loss between the new consumer and producer surplus after-taxes and the previous consumer and prodcuer surplus after taxes

As this is a straight line then we have the area of a triangle which height is

P2 - P1 in this case the $15 tax levied

and Q2 - Q1 as the high of the triangle in this case 300 units

We now sovle for the area of the triangle:

300 x 15 / 2 = 2,250

6 0
3 years ago
In an effort to promote rapid growth, the government of Goldinia has kept taxes low, done little to regulate business activities
lianna [129]

Answer:

D. A predominately capitalist approach toward achieving economic goals, but the current pressures it faces suggest it is likely to adopt a more socialist approach in the future.

Explanation:

Goldinia applied a capitalist approach based on low taxes, almost no regulation in business activities and implementing only modest social programs. The goal was to let capitalist activity (market, production, business, etc.) be and let it develop. It is not pure capitalist but predominately capitalist approach, as taxes do exist, there are regulations for businesses and there are social programs, although modest.

However, the government now is receiving pressure to introduce more regulations for cleaning up the environment and reduce the inequalities in income and wealth, which are socialist measures... so it could adopt a more socialist approach in the future.

4 0
4 years ago
Changes in tariffs and quotas are A) a means of slowing outsourcing. B) corporate strategies designed to maximize profits. C) bu
kicyunya [14]

Answer:

 E) government actions that reduce competition from international firms.

Explanation:

Quotas place a limit on the amount of goods that can be imported.

A tariff is a tax levied on imported goods.

Tariffs and quotas are imposed by the government and they limit the amount of import flowing into a country. This reduces the amount of competition from international firms.

I hope my answer helps you

6 0
4 years ago
A property has a monthly net income of $1800, and an appraiser believes a 9 percent rate of return is appropriate for the proper
mart [117]

Answer:

estimated value =  $240000

so correct option is C. 240000

Explanation:

given data

net income = $1800

rate of return = 9%

to find out

estimated value

solution

net income annual will be  = net income ×  12 (months)

net income annual  = $1800 ×  12

net income annual  = $21,600

so estimated value will be

estimated value = \frac{net\ income\ annual}{rate}

estimated value = \frac{21600}{0.09}

estimated value =  $240000

so correct option is C. 240000

8 0
4 years ago
The company plans to dissolve in two years. At the present time, dividends at each date are set equal to the cash flow of $18,00
gogolik [260]

Answer:

$321 per share.

Explanation:

Given that

Annual cash flows  = $18,000

Number of shares outstanding = 100

Dividend per share = $180

Required rate of return = 8%

So by considering the above information, the present value of the share of a stock is

Present value of share = Dividend received × Present value of $1 received every year at the end of year 2  at 8%

= $180 × 1.7832

= $321 per share.

8 0
3 years ago
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