Answer:
Allocated MOH= $136,479
Explanation:
Giving the following information:
Estimated that manufacturing overhead for the year= $175,900
Estimated Direct labor hours= 25,900
Actual direct labor hours= 20,100
First, we need to calculate the predetermined overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 175,900/25,900= $6.79 per direct labor hour
Now, we can allocate the overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 6.79*20,100= $136,479
Answer:
decrease total revenue of textbook sellers.
Explanation:
Demand is inelastic if a change in price has a very little effect on the quantity demanded.
If price is reduced, the quantity demanded of textbooks would change by a little amount, so total revenue would fall due to a reduction in the price of textbooks.
Total revenue = price × quantity
Answer:
Net pay $569.88
Explanation:
Let the gross earnings be:
$15 * 40 = $600
$15 * 1.5 * 6 = $135
$600+$135
=$735
Withheld Federal income tax = $110
Social security tax rate =0.06* $735
= $44.10
Medicare tax rate = 0.015* $735
= $11.02
Net pay $569.88
($735 - $110 - $44.10 - $11.02)
Amount to be paid to the each employee will be $569.88
Answer:
I. Identify what is the problem
II. Acquire the data
III. Develop the model
IV. Implement the Model.
V. Do the results look right.
Explanation:
The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.
The steps involved in the problem-solving process are;
1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.
2. Gathering of information: this helps to consider the options available in solving a problem effectively.
3. Consider your options: this helps to compare the available and viable solutions to the problem.
4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.
Hence, the fundamental steps of the problem solving process in the correct order are;
I. Identify what is the problem
II. Acquire the data
III. Develop the model
IV. Implement the Model.
V. Do the results look right.
I believe D A and B. I could be wrong so you may have to get a professional eye
