Answer:
1. $8.25
2. $313,500
Explanation:
Given that,
Variable overhead cost per direct labor-hour = $2.00
Total fixed overhead cost per year = $250,000
Budgeted standard direct labor-hours (denominator level of activity) = 40,000
Actual direct labor-hours = 39,000
Standard direct labor-hours allowed for the actual output = 38,000
1. Total overhead cost at denominator level of activity:
= Total fixed overhead + Total variable overhead
= $250,000 + (40,000 × $2.00
)
= $250,000 + $80,000
= $330,000
Predetermined overhead rate:
= Total overhead cost at denominator level of activity ÷ Budgeted standard direct labor-hours
= $330,000 ÷ 40,000
= $8.25
2. Overhead applied:
= Standard direct labor-hours allowed for the actual output × Predetermined overhead rate
= 38,000 × $8.25
= $313,500
Answer: D. All of these choices are correct.
Explanation:
Lean manufacturing occurs when an organisation produces goods using as little resources as they can, while still producing enough goods at the correct quality.
This includes all options (a-c) for the following reasons:
a. Supplier partnering - it is important to have a smooth operations in terms of the organisation's relationships with their partners. This leads to an efficient supply management because this leads to better control over the flow of material and production planning, especially when the aim is to use minimal resourses.
b. Employee involvement - in lean manufacturing, less human effort is required. However high quality goods at the right quanity still needs to be produced.Therefore it is important for the little employees needed, to work cohesively to produce these goods effectively and efficiently.
c. Product orientated production layout - Also known as assembly line, this is when employees perfom minimal functions at a time, to produce large quantities of a few types of products that are different.
So for lean manufacturing to be implemented and operate effectively, it requires all these options.
Ezmerelda jewelers have a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in taxes,
$164,258 taxable income.
Taxable income = $34,330 / .209 = $164,258.37
There are two main types of taxes: direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as reduced income tax, corporate income tax, and wealth tax, while others are paid indirectly, such as consumption tax, service tax, and consumption tax.
Ensuring federal, state, and local governments function properly and provide the services they need. Individual governments have specific focuses, and overall spending on things like defense and social security is in the hands of the federal government.
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Answer: Supply chain planning.
Explanation:
Supply chain planning is a comprehensive plan a production company has in place that ensures, the smooth and effective running of operations involved in the supply chain. Supply chain planning involves planning for factors within and outside the company which includes: raw materials and resources gathering, production and distribution of products.
