In December 2016, Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by using the following cost predictions: overhead costs, $680,000, and direct materials costs, $400,000. At year-end 2017, the company’s records show that actual overhead costs for the year are $897,200. Actual direct material cost had been assigned to jobs as follows.Jobs completed and sold $ 420,000 Jobs in finished goods inventory 76,000 Jobs in work in process inventory 53,000 Total actual direct materials cost $ 549,000 Determine the predetermined overhead rate for 2017.

Answers

Answer 1

Answer:

Answer:

POAR= 170% of the direct material cost.

Explanation:

Explanation:

The predetermined overhead absorption rate (POAR: The overhead absorption is a rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures

The rate is computed as follows:

Predetermined overhead absorption rate

POAR

= (Budgeted overhead for the period/Budgeted direct material cost)× 100

= $680,000/400,00 × 100

= 170% of the direct material cost.

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Use the following classification to determine which category each of the following goods falls into. Goods Private Good Club Good Common Resource Public Good Museums that require admission fees Public swimming pools with free admission during summer Metered parking at a municipal parking lot Flood control Public basketball courts
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Rina spends all of her money on comic books and beignets. In 2011 she earned $14.00 per hour, the price of a comic book was $7.00, and the price of a beignet was $2.00. Which of the following give the nominal value of a variable? Check all that apply. __ Rina's wage is 2 comic books per hour in 2011. __The price of a beignet is $2.00 in 2011. __ Rina's wage is $14.00 per hour in 2011. Which of the following give the real value of a variable? Check all that apply. __Rina's wage is $14.00 per hour in 2011. __The price of a comic book is 3.5 beignets in 2011. __Rina's wage is 7 beignets per hour in 2011. Suppose that the Fed sharply increases the money supply between 2011 and 2016. In 2016, Rina's wage has risen to $28.00 per hour. The price of a comic book is $14.00 and the price of a beignet is $4.00. In 2016, the relative price of a comic book is ( 0.29 beignets, 3.5 beignets, $4.00, $14.00) Between 2011 and 2016, the nominal value of Rina's wage (decreases, increases, remains the same) and the real value of her wage(decreases,increases,remains the same) . Monetary neutrality is the proposition that a change in the money supply (does not affect, affect) nominal variables and ( does not affect, affect) real variables.
Workplace technology is relied upon by businesses to increase _____________. Employee turnover Philanthropy Efficiency and effectiveness Malfunction and futility

When aggregate demand is high enough to drive unemployment below the natural rate:_________a. there is downward pressure on the price level, and the government may want to conduct contractionary fiscal policy.
b. the economy is slipping into a recession, and the government may want to conduct expansionary fiscal policy.
c. there is upward pressure on the price level, and the government may want to conduct contractionary fiscal policy.
d. there is upward pressure on the price level, and the government may want to conduct expansionary fiscal policy.
e. there is downward pressure on the price level, and the government may want to conduct expansionary fiscal policy.

Answers

Answer:

e. there is downward pressure on the price level, and the government may want to conduct expansionary fiscal policy.

Explanation:

At the time of boom in the economy, the unemployment rate is beneath than the rate i.e. natural also it gives rise to the growth of the economy, along with it the expenditures, consumer spending also increased that ultimately increased the disposable income.

This results in the upward movement in terms of pressure on the aggregate demand that leads to a rise in the level of price and the real GDP also rises which reduced the unemployment

But when the aggregate demand is less so there is a downward pressure on the price as the level of price declines so that the aggregate demand increased and it is requirement made by the government for an expansionary fiscal policy that give increased in government spending or taxes decreased in order to raise the aggregate demand

What is your standard deviation of demand during lead time if your average lead time = 5 days, standard deviation of demand = 4, average demand is 12, and standard deviation of lead time is 1.2 days.

Answers

Answer:

4.47

Explanation:

The computation of the standard deviation of lead time is shown below:

= √lead time × standard deviation of demand

= √ 5 days × 4

= √20

= 4.47

We simply applied the above formula to determine the standard deviation of demand during lead time

Hence, all the other items would be ignored

Final answer:

The standard deviation of demand during lead time, given an average lead time of 5 days, standard deviation of demand of 4, average demand of 12, and standard deviation of lead time of 1.2 days, can be calculated using a specific formula. The result after substituting the given values into the formula and simplifying is approximately 15.9.

Explanation:

The standard deviation of demand during lead time can be determined using the formula for the standard deviation, which states that the standard deviation of demand during lead time is the square root of (Average lead time * (standard deviation of demand)^2) + (average demand^2 * (standard deviation of lead time)^2).

So you would plug in the given values:
√[(5 * (4)^2) + ((12)^2 * (1.2)^2)]
= √[80 + 172.8]
= √252.8
≈ 15.9

So the standard deviation of demand during lead time is approximately 15.9.

Learn more about Standard Deviation here:

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Answers

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Answer:

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Explanation:

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Plastics, Inc. and Joe's Canoe Shack both operate businesses located on the river. Plastics, Inc. dumps pollution into the river, which results in fewer canoe rentals for Joe. The marginal cost of cleaning up the pollution is $40,000 for Plastics, Inc. Joe estimates a reduction in pollution will lead to a marginal benefit of $27,000.1. If Joe owns the rights to the river, which of the following is the most likely outcome?

a. Plastics will pay Joe $32000 to pollute.
b. Joe will pay Plastics $32000 not to pollute.
c. Joe will enforce his property rights and not allow Plastics to pollute.
d. Plastics will use its property rights to continue polluting.

2. If Plastics, Inc. owns the rights to the river, which of the following is the most likely outcome?
a. Plastics will pay Joe $32000 to pollute.
b. Joe will pay Plastics $32000 not to pollute.
c. Joe will enforce his property rights and not allow Plastics to pollute.
d. Plastics will use its property rights to continue polluting.

Answers

If Joe owns the rights to the river will enforce his property rights and not allow Plastics to pollute and clean the pollution. Plastic is breaking his rights on the river

In this scenario Joe has benefit for 20,000

and Plastic losses for 12,000

2.- If Plastic own the rights to the river Joe will pay Plastics $15,000 to not pollute. This will make Plastic earn money for cleaning the river and Joe gain 5,000 incremental benefit

Explanation:

(A) Joe has legal claims, so It will used before any economic options

(B) Joe doesn't have legal claims, but It notices that a good offer make both parties win.

Plastic will receive 15,000 dollars to clean the river, which has cost of 12,000 realizing a net gain of 3,000

While Joe estimated a marginal benefit of 5,000 after paying to Plastic to clean the river, (20,000 benefit - 15,000 cost

First one is b

Second one is a

Sandlewood Construction Inc. recognizes revenue over time according to percentage of completion for its long-term construction contracts. In 2018, Sandlewood began work on a $10,000,000 construction contract, which was completed in 2019. The accounting records disclosed the following data at the end of 2018: Costs incurred $ 5,400,000 Estimated cost to complete 3,600,000 Progress billings 4,100,000 Cash collections 3,200,000 In addition to accounts receivable, what would appear in the 2018 balance sheet related to the construction accounts?

Answers

Answer:

Current assets - $1,900,000

Explanation:

The computation of the construction account balance is shown below:

= Cost incurred + gross profit - progress billings

where,

Gross profit = Revenue - cost incurred

The revenue = (Cost incurred ÷ total cost) × completion cost

= ($5,400,000 ÷ $9,000,000) × $10,000,000

= $6,000,000

So, the gross profit equal to

= $6,000,000 - $5,400,000

= $600,000

Now put these values to the above formula

So, the value would equal to

= $5,400,000 + $600,000 - $4,100,000

= $6,000,000 - $4,100,000

= $1,900,000 current assets

Capital accumulation is the _____, including _____ capital. (A) development of new goods; financial (B) increase in firms' profits; financial (C) growth of real GDP; physical (D) growth of capital resources; human

Answers

Answer:

Option "B" and "D" are correct answer

Increase in firm's profit; financial
growth of capital resources; human

Explanation:

Capital accumulation relates to an investment or profit increase in assets and is one of the building blocks of a capitalist economy.

The goal is to increase the value of an initial cost, whether it is through appreciation, lease, investment income, or interest, as a return on investment.

Profit margin tests a firm's productivity by measuring its net income by overall sales. Organizations may grow their net profit margin by increasing profits, e.g. by providing additional goods or by raising prices.

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