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3 years ago

Why does the quantity a supplier is willing to give go up when the price goes up

2 answers:

8 0

Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more

Volgvan3 years ago

5 0

Supply and demand it’s simple

You might be interested in

Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (

Fofino [41]

Answer and Explanation:

The direct labor overhead rate using the direct labor hours is shown below:-

Direct labor overhead rate = Total overheads ÷ Direct labor hours

= $220,800 ÷ 1,725

= $128

b. The machine hour overhead rate using the machine hours is

= Total overhead ÷ Machine hours

= $220,800 ÷ 4,600

= $48

The factory overhead costs using direct labor hour is

Particulars Automobile Valve Wheels Total

bumpers covers

Direct labor

hours 730 480 515

Overhead rate $128 $128 $128

Total $ 93,440 $61,440 $65,920 $220,800

For determining the total overhead we simply multiply the direct labor hours with overhead rate.

The factory overhead costs using machine hour is

Particulars Automobile Valve Wheels Total

bumpers covers

Machine hours 1,970 1,270 1,360

Overhead rate $48 $48 $48

Total overhead $94,560 $60,960 $65,280 $220,800

For determining the total overhead we simply multiply the machine hours with overhead rate.

7 0

4 years ago

Predetermined Overhead Rate; Various Cost Drivers

spayn [35]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Actual manufacturing overhead= $340,000

Budgeted machine hours= 10,000

Budgeted direct-labor hours= 20,000

Budgeted direct-labor rate= $14

Budgeted manufacturing overhead= $364,000

Actual machine hours= 11,000

Actual direct-labor hours= 18,000

Actual direct-labor rate= $15

First, we need to calculate the predetermined overhead rate for each cost driver:

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

Machine-hours:

Estimated manufacturing overhead rate= 364,000/10,000= $36.4 per machine hour

Direct-labor hours:

Estimated manufacturing overhead rate= 364,000/20,000= $18.2 per direct labor hours

Direct-labor dollars:

Estimated manufacturing overhead rate= 364,000/(20,000*14)= $1.3 per direct labor dollar

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Machine-hours:

Allocated MOH= 36.4*11,000= $400,400

Direct-labor hours:

Allocated MOH= 18.2*18,000= $327,600

Direct-labor dollars:

Allocated MOH= 1.3*(18,000*15)= $351,000

Finally, we can determine the over/under allocation:

Over/under allocation= real MOH - allocated MOH

Direct-machine hours:

Over/under allocation= 340,000 - 400,400= $60,400 overallocated.

Direct-labor hours:

Over/under allocation= 340,000 - 327,600= $12,400 underallocated.

Direct-labor dollars:

Over/under allocation= 340,000 - 351,000= $11,000 overallocated

3 0

4 years ago

Which of the following will probably happen to a product when demand is low?

9966 [12]

Answer:

Answer = B

Explanation:

If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable

3 0

2 years ago

To pay for your education, you've taken out $29,000 in student loans. If you make monthly payments over 10 years at 7 percent

Scrat [10]

Answer:

$169.07

Explanation:

Data provided in the question:

Loan amount = $29,000

Time = 10 years

Interest rate = 7% compounded monthly

Therefore,

Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583

number of periods, n = 10 × 12 = 120 months

Now,

Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]

on substituting the respective values, we get

$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]

$29,000 = Monthly payments × 171.53

Monthly payments = $169.07

7 0

3 years ago

ACB Manufacturing purchased $6,000 of merchandise inventory from a vendor on account with credit terms of 2/10 or n/30. Because

adoni [48]

Answer:

The answer is: Inventory cost is $4,900

Explanation:

ACB Manufacturing purchased $6,000 worth of merchandise with credit terms 2/10 or n/30. This means that if the company pays its debt within 10, it will receive a 2% discount.

It returned $1,000 worth of defective merchandise, decreasing its total debt to $5,000. Since ACB Manufacturing paid its debt within the first ten days, it got a 2% discount. It paid a total of $4,900 for the merchandise, so that should be its inventory cost.

4 0

3 years ago