Answer:
1.267 = Overhead Rate
Explanation:
<em>As general approach,</em> the manufacturing rate, along with any rate is done by dividing the cost by a cost driver.
In this case teh cost is the manufacturing overhead and the cost driver the direct materials cost:
<em>Using Direct Materials cost, the rate would be:</em>
Answer:
A Mission and Vision Statement for Misty Mount Corporation.
Explanation:
A Mission & Vision statement is vital for any corporation.
The mission statement defines the fundamental purpose of the corporation and provides a coherent guide for the decision making process.
The vision statement ensures that the decisions that are made are in sync with what the corporation wants to achieve.
Answer:
raises
rises
rises
increase
higher
decrease
rise
away from bread and toward cereal
rises
Explanation:
Complementary goods are goods that are consumed together
If the price of chowder falls, the quantity demanded of chowder increases in law with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the quantity demanded of chowder increases, the demand for oyster increases also.
Due to the increase in the demand for oysters, suppliers would want to increase their supply of oysters. This would lead to an increased demand for inputs of which wheat flour is one of them. So, the quantity demanded of wheat would increase.
The increase in demand for flour would shift the demand curve for flour to the right and this would lead to a rise in price of flour.
The increase in price of flour would increase the cost of making bread. As a result, the supply of bread would fall. the fall in supply would lead to a rise in price of bread. As a result of the rise in price of bread, the demand for a substitute (cereal) would increase
Substitute goods are goods that can be used in place of another good.
Answer:
D. Cannot be determined given the information provided.
Explanation:
The accounting equation deals with the 3 elements of the balance sheet namely; assets, liabilities and equity and the relationship between them as shown below.
Assets = Liabilities + Equity
Given;
Total asset = $288,000
Equity = Retained earnings + common stock
= 40,000 + 100,000
= $140,000
Liabilities = $288,000 - $140,000
= $148,000
Liabilities include; Notes Payable 88,000, Salaries Payable ? Accounts Payable ?
Since the Salaries Payable and Accounts Payable are not known, the right option is D. Cannot be determined given the information provided.
Answer:
Conglomerate
Explanation:
A conglomerate is a company that consists of many separate , independent entities. One corporation holds a majority interest in smaller businesses in a corporation, each of which performs business activities separately.