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lesya692 [45]
3 years ago
10

Crane, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments a

nd 200 pressure gauges were produced, and overhead costs of $72,750 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities Cost Drivers Total Cost 1. Materials handling Number of requisitions $30,000 2. Machine setups Number of setups 23,750 3. Quality inspections Number of inspections 19,000 $72,750 The cost driver volume for each product was as follows. Cost Drivers Instruments Gauges Total Number of requisitions 375 625 1,000 Number of setups 175 300 475 Number of inspections 225 250 475
Business
1 answer:
grigory [225]3 years ago
4 0

Answer:

Requirement: <em>Determine the overhead rate for each activity "Materials handling, Machine setups, Quality inspections"</em>

<em />

Materials handling overhead rate = Total cost / Cost driver volume

Materials handling overhead rate = $30,000 / 1,000

Materials handling overhead rate = $30

Machine setups overhead rate = Total cost / Cost driver volume

Machine setups overhead rate = $23,750 / 475

Machine setups overhead rate = $50

Quality inspections overhead rate = Total cost / Cost driver volume

Quality inspections overhead rate = $19,000 / 475

Quality inspections overhead rate = $40

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Most successful firms have a clearly defined, well-written marketing plan that specifies the marketing activities to be performe
balu736 [363]

Answer:

a. True

Explanation:

Most successful firms have a clearly defined, well-written marketing plan that specifies the marketing activities to be performed to implement, manage, and evaluate its marketing strategies.

The typical marketing plan has multiple components which are based on information derived through environmental scanning.

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats while the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.

3 0
3 years ago
A random sample of records of sales of homes from February 15 to April 30, 1993, from the files maintained by the Albuquerque Bo
AysviL [449]

Answer:

A)

i) Size( x )  ( measured in ft^2 )

ii) Price ( y ) ( measured in dollars )

B) unit of slope = dollar per square foot

C) slope will be positive

Explanation:

A) The variables and units in this regression are

i) Size( x )  ( measured in ft^2 )

ii) Price ( y ) ( measured in dollars )

<u>B) Units of the slope </u>

unit of slope = dollar per square foot (i.e.  y / x )

C)  The slope will be positive given that the increase of home size is directly proportional to the increase in price

8 0
3 years ago
A ________ is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certai
never [62]

A warranty is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards.

A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally-guaranteed service replacement or issue correction for the period of the warranty.

A warranty is a promise made by a manufacturer or seller that they will fix or replace any defective goods.

A product is guaranteed to be suitable for its intended use and to live up to the buyer's expectations by an implied warranty. They may be expressed orally or in writing.

To learn more about warranty here brainly.com/question/27241092

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8 0
2 years ago
Mike Samson is a college football coach making a base salary of $632,400 a year ($52,700 per month). Employers are required to w
lakkis [162]

Answer:

Part 1:

Total amount withheld for Social Security and medicare=$16264.2

Amount withheld for Social Security=$7049.4

Part 2:

Additional amount which the employer will contribute=$16264.2

Explanation:

Part 1:

Amount withheld for Social Security= $113700 * 6.2%=$113700 * 6.2/100

Amount withheld for Social Security=$7049.4

Amount withheld for Medicare=$632400 * 1.45%=$632400 * 1.45/100

Amount withheld for Medicare=$9169.8

Total amount withheld for Social Security and medicare=$7049.4+$9169.8

Total amount withheld for Social Security and medicare=$16264.2

Part 2:

The additional amount which the employer will contribute towards the FICA taxes is same as withheld by Coach Samson.

Additional amount which the employer will contribute=$7049.4+$9169.8

Additional amount which the employer will contribute=$16264.2

4 0
3 years ago
A human resource department is evaluating its pay structure. A compensation specialist computes the compa-ratio of the designers
nevsk [136]

The problem that is most likely to result from a compa-ratio of this size is when the company difficulty keeping costs under control.

<h3>What is a compa-ratio?</h3>

This is a ratio that are used by compensation professionals to assess the competitiveness of an employee's pay level.

The ratio accesses the current pay rates as a percentage of range midpoints to know whether know wheter the employee is paid below or above market rates.

Howwver, when the compa-ratio of 1.4 is gotten, then, this happens because the company difficulty keeping costs under control.

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Read more about compa ratio

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7 0
3 years ago
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