Answer:
Predetermined Overhead Rate = $11 per labor hour
Explanation:
The predetermined Overhead rate for Stanford Enterprise is calculated by dividing the estimated manufacturing overheads with estimated total direct labor hours.
Actual manufacturing overhead = $302,750
Actual direct labor hours = 27,760 hours
Estimated/ budgeted labor hours = 25,000 hours
budgeted manufacturing overheads = $275,000
Predetermined OH rate = $275,000 / 25,000 = $11 per hour
Actual OH rate = $302,750 / 27,760 hours = $10.91 per hour
Answer:
B) Direct materials are used to determine total inventoriable product costs.
Explanation:
Product costs includes direct materials, direct labor & manufacturing overhead.
This makes Choice B a description of direct materials in a manufacturing setting. All other choices are false.
Their is a chance to use direct labor as a basis for manufacturing overhead but not direct materials.
Direct materials can be separately and conveniently traced.
And finally, as stated above, direct materials are part of the finished product.
Explanation:
A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.
Therefore, the structural dimensions of a company including formalization, standardization and centralization will directly influence the innovation of an organization in relation to several variables such as its internal environment, processes, products and services, as there are organizational structures that are more focused on innovation than others, such as the horizontal structure in relation to the vertical, since the vertical structure is the most rigid and with a higher hierarchy, while in the horizontal structure there is greater autonomy of employees and greater participation in the decision-making process, which is a more flexible environment open to innovation.
Answer:
I prepared an amortization schedule using an excel spreadsheet. The original monthly payment was $836.44. After the 120th payment, the remaining principal balance was $68,940.64. Since she didn't pay anything for 1 year, the new principal balance will be $68,940.64 x (1 + 8%) = $74,455.89
I prepared another amortization schedule for the remaining 9 years, and the monthly payment is $969.32. She will pay off the loan in 108 months.
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<span>Well-known fast food franchises usually set up contractual distribution systems, where individual franchise owners participate in channel cooperation through legal agreements.
A contractual distribution system is where different people of the organization work together through legal agreements to achieve the same goal. Overall, the company wants each smaller branch to succeed but they legally bound to the franchiser. </span>
