Answer:
$6.00 per machine-hour
Explanation:
Total estimated manufacturing overhead = $300,000
Estimated machine hours = 50,000 hours
Predetermined overhead rate = Total estimated manufacturing overhead / Estimated machine hours
Predetermined overhead rate = $300,000 / 50,000 machine hours
Predetermined overhead rate = $6 per machine hour
So, The correct asnwer is $6.00 per machine-hour.
Answer:
The expected profit is:
$5.
Explanation:
a) Calculations:
Profit from customers paying $10 = $6 ($10 - $4)
Profit from customers paying $8 = $4 ($8 - $4)
Expected profit from customers paying $10, = $6 x 0.5 = $3
Expected profit from customers paying $8, = $4 x 0.5 = $2
Total expected profit = $5.
The expected profit is the profit from customers paying $10 weighted with probability plus the weighted profit from customers paying $8. Adding the expected profit from each class of customers gives the overall expected profit combined.
Answer
Capital
Explanation
Capital as a factor of production consists of tangible and intangible goods which are produced in the environment and utilized as inputs to further produce more goods and services. Human made resource such as money/wealth is used to produce more wealth by facilitating buying of capital equipment which aid in process of economic development.
Answer: $1,031 million
Explanation:
Given that,
Retained earnings(2010) = $14,329 million
Retained earnings(2009) = $13,157 million
Net income(2010) = $2,203 million
Amount of dividends = Retained earnings(2009) + Net income(2010) - Retained earnings(2010)
= $13,157 million + $2,203 million - $14,329 million
= $1,031 million
Therefore, amount of dividends did Colgate-Palmolive pay to its shareholders in 2010 is $1,031 million.
Answer:
$39,300
Explanation:
The computation of the net income is shown below:
= Sales - cost of good sold - other monthly expenses - depreciation expense
= $320,000 - $240,000 - $24,700 - $16,000
= $39,300
The cost of goods sold is computed below:
= December sales × cost of goods sold percentage
= $320,000 × 75%
= $240,000
All other information which is given is not relevant. Hence, ignored it
