Answer:
Instructions are below.
Explanation:
Giving the following information:
Machine-hours required to support estimated production 157,000 Fixed manufacturing overhead cost $ 658,000
Variable manufacturing overhead cost per machine hour $4.50
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (658,000/157,000) + 4.5
Estimated manufacturing overhead rate= $8.69 per machine hour
Job 400:
Direct materials= $350
Direct labor cost= $240
Machine-hours used= 31
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 8.69*31= $269.39
Job 400:
Units= 50
First, we need to calculate the total cost:
Total cost= 350 + 240 + 269.39
Total cost= $859.39
Unitary cost= 859.39/50= $17.188 per unit
In a market economy the factors of production are owned by customers demand. As if customers demand increase (for instance) for mobiles and they are ready to pay high prices for it in a market then more firms in that market will start producing mobile
Answer:
A reduction in U.S net exports would shift U.S. aggregate demand goes d. leftward. In an attempt to stabilize the economy, the government could decrease expenditures.
Explanation:
Decrease in net exports shifts the AD curve leftward and to stabilize the economy government should cut taxes.
