Answer:
Manufacturing overhead allocated= $1,260,000
Explanation:
Giving the following information:
Scaled Manufacturing estimates annual overhead costs to be $1,200,000 and that 300,000 machine hours will be operated. Using machine hours as a base.
The actual machine hours for the year were 315,000 hours.
We need to find the overhead applied. First, we need to determine the overhead rate.
Overhead rate= total estimated overhead for the period/ total amount of allocation base
Overhead rate= 1200000/300000= $4 per hour
Manufacturing overhead allocated= 315000 hours* 4= $1,260,000
More than 10,000 people waited in line for more than two hours to see a titan arum (a rare flower) at Cambridge botanic garden. an economist would conclude that people felt they got great benefit from seeing the flower.
An economist is an expert and practitioner in the social science field of economics. Individuals can also research, develop and apply economics theories and concepts and write about economic policy.
An economist is an expert who studies the relationship between society's resources and their production or output. Economists study societies ranging from small communities to whole nations to the global economy.
Economists study complex data and statistics and use their insights to provide financial advice to businesses. As an economist, you research and monitor economic trends and create statistical models to predict future developments.
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A tax incidence is an economic term for the division of a tax burden between buyers and sellers. Tax incidence is related to the price elasticity of supply and demand. When supply is more elastic than demand, the tax burden falls on the buyers.
Oil production industry controlled the politics and economy of texas for most of the twentieth century.
In macroeconomics, an industry is a sector of the economy that produces a set of closely related goods, goods, or services. For example, we can mention the timber industry or the insurance industry.
Industries are subject to various types of risks arising from a volatile macroeconomic environment, technological change, politically induced tariffs, competitive threats and other reasons. These can adversely affect the profitability, sales, cash flow, growth and stock price of companies within each industry group.
Texas is a state in the south central United States. With 268,596 square miles and over 29.1 million residents as of 2020, the state is the second largest state in the United States by area and population.
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Answer:
$53,355.7047
Explanation:
The computation of the estimated cost of the replacement cost is shown below:
Estimated cost = (old cost i.e purchased cost of an equipment ÷ Cost index of that year i.e 2006) × estimated cost index for 2017
= ($30,000 ÷ 149) × 265
= $53,355.7047
We simply applied the above formula so that the estimated cost could come
