Answer:
total amount of overhead applied = $265680
Explanation:
given data
Actual direct labor hours = 8200
overhead rate = 32.40 per DLH
to find out
total amount of overhead applied
solution
we will apply here formula for total amount of overhead applied that is
total amount of overhead applied = Actual direct labor hours × overhead rate ..................1
put here value in equation 1 we get
total amount of overhead applied = 8200 × $32.40
total amount of overhead applied = $265680
Answer:
O the perceived demand and marginal revenue curves for each firm will shift to the left.
Explanation:
Monopolistically competitive industry is an industry that has many firms that produce similar but differentiated products. The products are differentiated through branding.
As more firms enter the industry, both the perceived demand and marginal revenue curves for each firm industry will shift to the left. This is because, new firms have made available more substitutes to existing products making the demand for existing products to reduce. As the demand reduces, demand curve shift to the left, and this also makes marginal revenue to shift to the left.
Answer:
The cost of goods sold is $68970
Explanation:
The cost of goods sold is the cost of inventory that a company sells in a partcular period.
The cost of goods sold can be calculated as,
Cost of Goods sold = Opening inventory + Purchases - Closing Inventory
Cost of Goods Sold = 16500 + 71500 - 19030 = $68970
Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate
Preferred dividend = 6000 shares x 11% x $2 = $1320
Total dividend paid in year 1= $640
Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.
Arrear of dividends = $1320 - $640 = $680
Total dividend in year 2 = $2190
Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends
=> 2190 - 1320 = $870
Answer:
Chain of command means flow of authority from bottom to top.
Explanation:
Chain of command means a sequence of authority of a company . Chain of command is very important to a company as it tells the hierarchy of reporting relationship . Chain of command helps the person in knowing that who will report to whom , from whom he can receive order or to whom he can give order . It also helps in knowing that who is accountable to whom .
It also improves decision . It helps in avoiding confusion or chaos as people know that from whom they receive order or to whom they can give order.
It also improves communication problem in the firm .
