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ArbitrLikvidat [17]
3 years ago
12

Stanford enterprises has provided its manufacturing estimated and actual data for the year end. the controller has asked you to

compute the predetermined overhead rate, the schedule of cost of goods manufactured, and the schedule of cost of goods sold. use the information included in the excel simulation and the excel functions described below to complete the task.
Business
1 answer:
Dovator [93]3 years ago
7 0

Answer:

Predetermined Overhead Rate = $11 per labor hour

Explanation:

The predetermined Overhead rate for Stanford Enterprise is calculated by dividing the estimated manufacturing overheads with estimated total direct labor hours.

Actual manufacturing overhead = $302,750

Actual direct labor hours = 27,760 hours

Estimated/ budgeted labor hours = 25,000 hours

budgeted manufacturing overheads = $275,000

Predetermined OH rate = $275,000 / 25,000 = $11 per hour

Actual OH rate = $302,750 / 27,760 hours = $10.91 per hour

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45

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Therefore we would need 45 kanbans for this​ connector.

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Question. Draw a marginal revenue curve of a perfectly competitive firm and explain why the marginal revenue of a perfectly comp
svp [43]

If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)

<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>
  • Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
  • This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
  • The company closes if the price falls below the average variable cost.

Marginal revenue is the change in total revenue when one more unit of a commodity is sold.

MR= change in TR/change in quantity sold

Average revenue refers to revenue per unit of output.

AR=TR/Q

Relationship between AR and MR:

If AR is constant, MR is equal to AR.

Both are indicated by the same horizontal straight line(a situation of perfect competition)

To learn more about marginal revenue, refer to

brainly.com/question/13444663

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8 0
1 year ago
Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She
alexira [117]

Answer:

D.

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