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Hitman42 [59]
3 years ago
8

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning

of the year, it estimated that 44,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $521,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was $687,120 and its actual total direct labor was 44,500 hours. Required: Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)
Business
1 answer:
maxonik [38]3 years ago
6 0

Answer:

Predetermined manufacturing overhead rate= $13.84 per direct labor hour

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (521,000 / 44,000) + 2

Predetermined manufacturing overhead rate= 11.84 + 2

Predetermined manufacturing overhead rate= $13.84 per direct labor hour

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Which sentences describe points that Miguel should consider in the goal-setting process before he starts to invest?
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Answer:

First, Miguel arrives at an estimate of the total returns that he wants from his investments.

Explanation:

Plato :)

4 0
3 years ago
Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist__
miss Akunina [59]

Answer:

raises;larger;decrease;always.

Explanation:

Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a larger percentage than the rise in price, causing profit to decrease. Therefore, a monopolist will always produce a quantity at which the demand curve is elastic because he or she will be maximizing profits.

A monopolistic market is a type of market structure that is typically characterized by a single supplier or seller of a particular product without any competition from any other in the market. The features of a monopolistic market are;

- Single seller.

- Profit maximizer.

- Price maker.

- High barriers to entry for others.

- Price discrimination.

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3 0
3 years ago
An organization with customer-focused design with the inverted organization structure puts the empowered front-line workers at t
Aleonysh [2.5K]

Answer:

tellers at JP Morgan Chase branches.

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The organization i.e. customer focused along with it, it is inverted organization that empowered the front line workers at the upper level of the pyramid so this organization form represent the example of the tellers at the branches of JP Morgan chase where the same thing happen

So the same is to be considered

3 0
4 years ago
When companies recruit people to promote products to friends and other contacts in exchange for free samples or other​ rewards,
zimovet [89]

Answer:

E. viral

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Viral marketing, also known as viral advertising is a kind of the business strategy which uses the existing social networks in an organization to promote a particular product.

Like virus spreads from one person to the another, this type of marketing strategy follows same tangent in which the consumers spread the information about the product with the other people who are in their social networks. The mode of delivery can be via mouth or by internet and social media platforms.

Hence, the given example is kind of viral marketing.

4 0
4 years ago
The present value of a cash flow will _________ be less than the future dollar amount of the cash flow
nata0808 [166]

The present value of a cash flow will always be <u>less</u> than the future dollar amount of the cash flow.

<h3>What is the present value?</h3>

The present value is the value of future cash flows discounted by the discount rate to today's value.

Discounting converts a future value to an equivalent value received today. Discounting measures the relative value of a series of future cash flows to a present value.

For example, if $500 is to be received in ten years, with a discount rate of 5%, its present value will be $307 ($500 x 0.614).

Thus, the present value of a cash flow will always be <u>less</u> than the future dollar amount of the cash flow.

Learn more about the present and future values at brainly.com/question/15904086

7 0
3 years ago
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