Answer:
The production level that maximizes Silky's profit is ties.
Explanation:
Hi
First of all, as we have , we need to transcript it as price in function of the quantity so
Then we need to find income function that is . After derivate it .
The optimum level is when we have , therefore,
, as we clear it for we find that
, finally as we have that is measured in hundreds of ties, the production level that maximizes Silky's profit is ties.
Answer:
The answer is C: 14300
Note: The actual answer is 14296, <em>and </em>the closest to that was option C.
Explanation:
Formula to calculate forecast using Exponential smoothing:
Where,
- = New Forecast
- = Previous period's forecast.
- = Smoothing Constant
- = Previous period's Actual Demand.
- Calculating the forecast for period 5:
Data:
Putting <em>values in the formula:</em>
Answer:
C. $9.50 per direct labor-hour
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
where,
Total estimated manufacturing overhead equals to
= Total fixed manufacturing overhead cost + Direct labor hours × variable manufacturing overhead per direct labor-hour
= $497,000 + 70,000 × $2.40
= $497,000 + $168,000
= $665,000
And, the direct labor-hours is 70,000
So the rate is equal to
= $665,000 ÷ 70,000
= $9.5 per direct labor-hour
Answer:
False
Explanation:
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
These documents play a pivotal role in a financial institution, thus, not optional.
Cheers
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