1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lorico [155]
3 years ago
14

MC Qu. 99 The Work in Process Inventory account... The Work in Process Inventory account of a manufacturing company that uses an

overhead rate based on direct labor cost has a $5,220 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $2,200 and direct labor cost of $1,000. Therefore, the company's overhead application rate is:
Business
1 answer:
Vikki [24]3 years ago
4 0

Answer:

202%

Explanation:

Calculation to determine what the company's overhead application rate is

First step is to calculate the Total manufacturing overhead using this formula

Total manufacturing overhead = Overhead rate - Direct material cost - Direct labor cost

Let plug in the formula

Total manufacturing overhead =5220 - 2,200 - 1000

Total manufacturing overhead =2020

Now let determine the overhead application rate using this formula

Overhead application rate=Total manufacturing overhead/Direct labor cost

Let plug in the formula

Overhead application rate=2020/1000*100

Overhead application rate=202%

Therefore, the company's overhead application rate is:202%

You might be interested in
8.Kline and Salomon form the KS Partnership as 50/50 partners. Kline contributes equipment that has a fair market value of $60,0
mojhsa [17]

Answer: $40,000

Explanation:

Kline brings in equipment that is worth $60,000 but has a basis of $45,000.

The equipment however is subject to a loan of $10,000.

This loan will have to be deducted from the basis. The partnership however is assuming the loan and Kline is only 50% liable in the partnership so Kline's basis will only be affected by half of the loan.

Basis = 45,000 - 5,000

= $40,000

5 0
3 years ago
Ed is a 30 year old veterinary technician. Physical exam reveals a height of 5 foot 9 inches, and a weight of 210 pounds. Accord
lianna [129]

Answer:

BMI = 31.18 kg/m²

According to BMI, this patient is diagnosed as Obese.

Explanation:

BMI known as body mass index is taken from a person height and weight. BMI is a person's weight in kilograms divided by the square of height in meters. BMI is usually expressed in kg/m².

Mathematically ,

BMI = weight(kg)/height(m²)

we have to convert the weight and the height to the required units.

converting pounds to kg

2.2 pounds = 1 kilogram

210 pounds = ?

cross multiply

210/2.2 = 95.50 kilograms

converting foot to inches and to meter.

1 foot = 12 inches

5 foot = ?

12 × 5 = 60 inches

60 inches + 9 inches = 69 inches

1 inches = 0.0254 meters

69 inches = ?

69 × 0.0254 = 1.7526  meters

using the formula

BMI = weight(kg)/height(m²)

BMI = 95.50/(1.75)²

BMI = 95.50/3.0625   kg/m²

BMI = 31.1836734694  kg/m²

BMI = 31.18 kg/m²

6 0
3 years ago
How does the rate of P2P amongst millennials compare to that of all survey participants? Why do you think millennial usage is so
timurjin [86]

Answer:

Following are the solution to this question:

Explanation:

Millennials are an essential target demographic for the product businesses and constitute a significant portion of the population. Although many citizens have become unemployed and encumbered by student loan debt, millennia will likely become wealthier over the period but are an important market both for marketers and brand stores.

The P2P millennial has a wide pool of friends or associates and has a space of practice and use comparison with one another.

4 0
3 years ago
what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, in
Mazyrski [523]

what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, including merging markets, is known as:

"Reverse Innovation."

This is because reverse innovation is a type of innovation in which the product is originally innovated for poor neighborhoods such as developing regions, then repackaged in a way that is then sold to the rich neighborhoods such as developed regions.

Reverse innovation is a term originally coined by Vijay Govindarajan and Chris Trimble.

They claimed that reverse innovation is a kind of bottom-up innovation strategy whereby the products designed for poor areas are then redefined and sold to the rich areas.

Hence, in this case, it is concluded that the correct answer is "Reverse Innovations."

Learn more here: brainly.com/question/17931211

4 0
3 years ago
Consider the market for orange juice. Suppose two events occurred last week. During the course of this past week, the price of o
True [87]

Answer:

these two events would lead to an increase in equilibrium quantity and have an indeterminate effect on equilibrium price

Explanation:

As a result of the decrease in the price of oranges which is use in the production of orange juice, there would be a rightward shift of the supply curve for orange juice. A a result,  the supply of orange juice would increase and price of orange juice would fall

Substitute goods are goods that can be used in place of another good.

The doubling of the price of coke would lead to a decrease in the demand for coke and an increase in the demand for orange juice. This would shift the dead curve for orange juice to the right. As a result,  both equilibrium price and quantity increases

these two events would lead to an increase in equilibrium quantity and have an indeterminate effect on equilibrium price

8 0
3 years ago
Other questions:
  • Yoshino, Inc., a merchandising company, has the following budgeted figures:
    11·1 answer
  • Suppose a particular stock just paid a dividend of $2.50 and expects to grow the dividend by 4% per year, indefinitely. What is
    9·1 answer
  • Although the lines are blurring, the "many-to-many" media transmission function is largely the domain of ___.
    5·1 answer
  • Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory $ 25,000
    7·1 answer
  • Net worth is the difference between your assets and your liabilities
    5·1 answer
  • Condensed financial data of Monty Company for 2020 and 2019 are presented below.
    8·1 answer
  • Bill and Fred bake cakes and pies. Bill's opportunity cost of baking 1 pie is 5 cakes. Fred's opportunity cost of baking 1 pie i
    11·1 answer
  • Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease.
    5·1 answer
  • Suppose at an output level of 150 units a firm's average fixed cost is $25 and average variable cost is $50. Then the average to
    7·1 answer
  • Jasper's income statement reports revenue from investments that lack significant influence of $10,000, and its balance sheet rep
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!