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3 years ago

Carradine Corporation uses a job-order costing system with a single plantwide predetermined

Business

1 answer:

lyudmila [28]3 years ago

5 0

Answer:

Answer:

Amount of overhead applied is $270

correct option is (a) $270

Explanation:

given data

overhead cost = $105,000

overheat rate = $3 per machine hour

manufacturing overhead = 70000 machine hour

required = 60 machine hours

to find out

The amount of overhead applied to Job P 233 is closest to

solution

we find manufacturing overhead rate here that is

manufacturing overhead rate =

put here value

manufacturing overhead rate =

manufacturing overhead rate = 1.5 per machine hour

and

Total manufacturing overhead rate will be for overheat rate $3

Total manufacturing overhead rate = (3 + 1.5) = $4.5 per machine hour

so we can say that Amount of overhead is job P 233 is

Amount of overhead applied = 60 × $4.5 = 270

so here correct option is (a) $270

Explanation:

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3 years ago

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Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at prod

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Answer:

D. Benefit both Steve and Tom

Explanation:

As Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at producing both goods. In this case, trade could benefit both Steve and Tom. The basic logic behind this answer is that, although Steve is not better at producing baseball gloves and bats but still can compete with Tom, where Tom's better quality products will encourage Steve in order to produce bit better quality in order to remain him in the market and competition. On the other hand, when Steve is not producing much quality products, this will give more competitive advantage to Tom, which definitely help him in earning more profits and loyal customers, therefore, in this cycle, both Steve and Tom will get benefit.

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3 years ago

A major reason why it is difficult to lower the barriers to free trade is A. the loss of jobs without any gain of jobs from free

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Answer:

B) the uneven distribution of gains and losses from free trade.

Explanation:

One of the most important reasons why governments impose trade barriers is to protect domestic jobs (and domestic industries). We are part of a society (country), and society's most important component is people, not money. Generally the economic gains of free trade are larger than the economic losses, but the economic losses hurt the most.

Imagine if no trade barriers actually existed, how many millions of jobs would be lost in the US. Trade barriers are nothing new, the current president didn't invent them. He just incinerated them.

How does a leader tell the people that 10 or 20 million must lose their jobs and probably will not be able to find any similar jobs in the future just because the rest of society will benefit from cheaper products. The lives of 20 million households (50-80 million people) would be destroyed, while 280 million people would benefit.

The amount of harm done to the people that lose their jobs is much greater than any individual benefit.

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4 years ago

Suppose the equilibrium price of oranges is $0.79, but government takes steps to prevent the price from exceeding $0.60. The lik

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Answer:

. C. shortage of oranges as the price ceiling keeps the market from reaching equilibrium

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

The price ceiling is less than the equilibrium price. consumers would increase demand because the good is cheaper while producers would reduce supply as a result of the fall in price. As a result, demand would increase and supply would fall as pece is less than equilibrium price. These would lead to a shortage.

I hope my answer helps you

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3 years ago

A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t

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The inventory level will be used by an inventory manager to regulate the optimal time for manufacturing, if they are handling a manufacturer's warehouse, or to demand more if the product is being stored as stock at a store.

To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

CA = $500 (1.5) = $750

Then get the inventory level by multiplying the current asset to the product of the current liabilities and quick ratio.

Inventory level = $750 (500 x 1.1) = $412,500

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3 years ago