Answer:
$29,760
Explanation:
Overhead application rate = 124% of direct labor cost
The required total labor costing = $24,000
Total overhead applied = Overhead application rate * $24,000
Total overhead applied = 124% * $24000
Total overhead applied = $29,760
Answer:
D. This statement is true
Explanation:
It is true that differential analysis may be used for the common decisions of leasing or selling equipment and manufacturing or purchasing a needed part.
Answer:
Rent-seeking is different from profit maximization because rent-seeking attempts to influence political process to gain an increased profit or income.
Answer: 40.7 years
Explanation:
You can use Excel to sold for this using the NPER function.
Rate = 10.2% / 12 months = 0.85%
Payment is $305 per month
Present value is $0
Future value is $2,200,000
Number of periods = 488.1979353
In years this is:
= 488.1979353 / 12
= 40.7 years
Utilization can be calculated using the formula utilization
= average output rate / maximum capacity.
Utilization = number of lots x setup time + processing time
x number of units / number of hours per day x working days per year
Utilization = [200 x 1 + (45/60) x 2000] / (8 x 215) = 1700 / 1720
Utilization = 0.9884
The utilization is 0.9884 or 98.84%. capacity cushion can be
calculated by subtracting the utilization from 1. The capacity cushion is 0.01163
or 1.17%