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yuradex [85]
2 years ago
5

Why do companies use a predetermined overhead rate rather than an actual overhead rate?.

Business
1 answer:
Vinvika [58]2 years ago
7 0

Answer:

An actual overhead is not known until the end of the period

Explanation:

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Does drinking coffee decrease the chances of an alcohol overdose
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3 years ago
Eastern University had the following transactions at the beginning of its academic year: Student tuition and fees were billed in
Thepotemich [5.8K]

Answer:

100

Explanation:

hope this helps

5 0
4 years ago
An engineer who believes in "save now and play later" wanted to retire in 25 years with $1 million. At 10% per year interest, to
Talja [164]

Answer:

He must deposit $10,168.07 per year to reach the future value of $1,000,000.

Explanation:

Giving the following information:

Final value= 1,000,000

n= 25

Interest rate= 10%

We need to calculate the annual deposit necessary to reach the goal of $1,000,000.

To calculate the annual deposit, we need to use the following variation of the future value formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,000,000*0.1) / [(1.10^25) - 1]

A= $10,168.07

He must deposit $10,168.07 per year to reach the future value of $1,000,000.

6 0
3 years ago
The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fu
Dima020 [189]

Answer:

standard price= $5

Explanation:

Giving the following information:

Quantity of direct materials used 3,000 lbs. Actual unit price of direct materials $5.50 per lb. Units of finished product manufactured 1,400 units Standard direct materials per unit of finished product 2 lbs.Direct materials quantity variance-unfavorable $1,000Direct materials price variance-unfavorable $1,500.

Direct material price variance= (standard price - actual price)*actual quantity

-1,500= (SP - 5.5)*3,000

15,000=3,000SP

5= standard price

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1400*2 - 3,000)*5

Direct material quantity variance= 1,000 unfavorable

5 0
3 years ago
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