Answer:
$27.2
Explanation:
First we have to calculate the total estimated manufacturing overheads which shall be determined as follows:
Estimated total manufacturing overheads=Variable manufacturing overhead+ Fixed manufacturing overheads
Variable manufacturing overhead=Estimated labour hours*manufacturing overhead per labour hour
=75,000*$10.70=$802,500
Fixed manufacturing overheads=$1,237,500
Estimated total manufacturing overheads=$802,50+$1,237,500
=$2,040,000
Now we will compute the predetermined overhead rate which shall be determined using the following formula:
Predetermined overhead rate=Estimated total manufacturing overheads/Estimated labour hours
Predetermined overhead rate=$2,040,000/75,000=$27.2
Answer: $6581.58
Explanation:
Based on the information given in the question, the mortgage payment per month will be calculated thus:
= [P x I x (1+I)^N]/[(1+I)^N-1]
where,
P = Principal = $750000
I = Interest rate per month = 10%/12 = 0.10/12 = 0.008333
N = number of installments = 30 × 12 = 360
Then, the equated monthly installment will be:
= [750000 × 0.008333 × 1.008333^360] / [1.008333^360-1]
= [750000 × 0.008333 × 19.8350386989] / [19.8350386989 - 1]
= 123964/18.835
= 6581.58
Under this loan proposal, your mortgage payment will be $6581.58 per month.
Answer:
"4"
Explanation:
Human relations approach to employees management believes that employees are not only motivated by financial incentives but other factors like praises , interpersonal relationship and delegation of roles and this in return , boost their commitment.
The managers are involved in active support of employees' growth and performance.
It underscores the importance interpersonal and social relationship in a work environment.
Goods and services are scare because the resources required to produce these goods and services are limited in supply and that is why we can't fulfill all the wants of the people, which results in Scarcity to arise. In economics the basic economic problem arises because resources are limited and wants are unlimited and therefore everyone cannot have what they need and that is why we have a connection with opportunity cost. We need to sacrifice or forego the items we can't have and therefore with the economic problem of scarcity, opportunity cost arises. If we can satisfy everyone's wants, then there is no question about having scarce resources.
The consumer surplus of Alexis, Bruno, and Camila increases by $7.
<h3>What is consumer surplus?</h3>
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Initial consumer surplus = ($12 - $6) + ($8 - $6) = $8
New consumer surplus = ($12 - $3) + ($8 - $3) + ($4 - $3) = $15
Change in consumer surplus = $15 - $8 = $7
Here is information on the question:
Alexis is willing to pay $12, Bruno is willing to pay $8; and Camila is willing to pay $4. The market price is $6.
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