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blondinia [14]
3 years ago
13

MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor co

sts. At the beginning of the year, Adams estimated total overhead of $364,800; materials of $418,000 and direct labor of $228,000. During the year Adams incurred $426,000 in materials costs, $415,400 in overhead costs and $232,000 in direct labor costs. Compute the overhead application rate.
Business
1 answer:
MAXImum [283]3 years ago
6 0

Answer:

$1.60 per direct labor hour

Explanation:

Overhead application rate = Budgeted Overheads ÷ Budgeted Activity

hence,

Overhead application rate  = $364,800 ÷ $228,000

                                             = $1.60 per direct labor hour

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Rand Company had May operations as follows. Units actually produced 76,000 Actual direct labor hours worked 160,000 Actual varia
Pavel [41]

Answer:

B. 20,000

Explanation:

Standard Variable overhead rate = $6 per units / 2 direct labour hour

Standard Variable overhead rate = $3 per hour

Variable Overhead Spending Variance = Actual hours worked * (Actual overhead rate - Standard overhead rate)

Variable overhead spending variance = 160,000 * (3.125 -3)

Variable overhead spending variance = 160000*0.875

Variable overhead spending variance = 20,000

4 0
3 years ago
There are several different ways that Bond’s Gym can solve its problem.
AysviL [449]
<span>The main problem at Bond's Gym is excess demand. This means that negative incentives are the best way to go. Positive incentives would only increase demand at the gym, making the problem worse. however, negative incentives would create a positive result for the owner, as he would make more money and expand his gym, allowing him to meet more consumer demands.</span>
5 0
3 years ago
Read 2 more answers
Calculate GDP loss if equilibrium level of GDP is $8,000, unemployment rate 8.8%, and the MPC is 0.80. Hint: (Use Okun's law to
stich3 [128]

Answer:

Loss of gdp = 7.6%

Eliminate gdp loss = 121.6

Explanation:

According to Okun's law , 12% loss of gdp.

Natural rate of unemployment=5%

Cyclical unemployment = Actual unemployment - Rate of Unemployment

Cyclical unemployment = 8.8% - 5%

Cyclical unemployment =3.8%

Loss of gdp = 3.8%(2)

Loss of gdp = 7.6%

Loss of gdp = (7.6%(8,000)

Loss of gdp = 608

Spending multiplier = 1/(1 - mpc)

Spending multiplier = 1/(1 - 0.8)

Spending multiplier = 1/ 0.2

Spending multiplie = 5

So,

Eliminate gdp loss = 608/5

Eliminate gdp loss = 121.6

5 0
3 years ago
What is growth accounting? To what extent have increases in U.S. real GDP resulted from more labor inputs? From greater labor pr
Diano4ka-milaya [45]

The following contributors to the growth of productivity in order of their quantitative importance are rearranged:

quantity of capital,

economies of scale,

technological advance.

improved resource allocation,

education and training,

Explanation:

Growth accounting is used in economics as a process of measurement of contributions from different factors that result in economic growth. This is computed indirectly for the rate of technological progress which is measured as a residual in the economy.

Labor inputs have increased the GDP of USA manifold. The greater labor productivity means that the economy is more efficient , in the sense of being more productive which has a positive effect on the GDP.

3 0
3 years ago
Mark is creating a disaster recovery plan based on directives from his company's executive management team. His company's busine
Contact [7]

Answer: Hot site

Explanation:

The DR model that Mark is implementing is the hit site. A Hot Site enables a company to continue with its normal business operations, after the occurence of a disaster within a short period of time.

The hot site model is regarded as a fully functional backup site which can be used in the assumption of operations immediately in case when there's failure of the primary location fails.

7 0
3 years ago
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