franklin corporation anticipates manufacturing overhead costs totaling $7,000,000 this year. they expect to use 590,000 direct labor hours, for a total labor cost of $7,434,000, and 2,700,000 machine hours. calculate the predetermined overhead rate using machine hours as the allocation base. $2.59 $11.86 $12.60 $0.94
Answers
The predetermined overhead rate using machine hours as the allocation base is $2.59. Hence, option A is correct.
Franklin Corporation has expected to manufacture overhead costs totaling $7,000,000 this year.
They also have expected to use 590,000 direct labor hours that will cost them $7,434,000 and 2,700,000 machine hours.
Now, it is required to calculate the predetermined overhead rate using machine hours as the allocation base.
In order to calculate the predetermined overhead rate using machine hours as the allocation base, we can use the following formula:
Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total number of machine hours
As per the question:
Estimated total manufacturing overhead cost = $7,000,000
Estimated total number of machine hours = 2,700,000
Putting these values in the above formula:
P = Estimated total manufacturing overhead cost / Estimated total number of machine hours
P = $7,000,000 / 2,700,000P = $2.59 per machine hour
Therefore, the predetermined overhead rate using machine hours as the allocation base is $2.59. Hence, option A is correct.
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Related Questions
The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answers
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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What are four industries within animal agriculture?
Answers
A home buyer signed a 20-year, 8% mortgage for $72,500. Given the following information, how much should the annual loan payments be? a) $1,584 b) $7,384 c) $15,588 d) $15,555
Answers
A mortgage is a loan obtained to buy real estate, like a house or an apartment. Principal and interest are often split into two sections of a mortgage payment. The correct answer is b.
The formula to calculate the annual loan payments for a mortgage is
A = P(1 + r/n)^(nt) / [(1 + r/n)^(nt) - 1], where A is the annual payment, P is the principal amount, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the total number of years.
In this case, P = $72,500, r = 8% or 0.08, n = 12 (since the interest is compounded monthly), and t = 20 years. Therefore, the formula becomes A = $72,500(1 + 0.08/12)^(12*20) / [(1 + 0.08/12)^(12*20) - 1].
Calculating this equation using a financial calculator or spreadsheet yields an answer of $7,384. This means that the correct option from the given choices is (b) $7,384.
Therefore, the annual loan payments for a 20-year, 8% mortgage for $72,500 would be $7,384. This amount includes both the principal and interest components of the loan and is spread out over 12 months of the year. It is important to note that this is only an estimate and does not take into account any additional fees or charges that may be associated with the mortgage. The actual loan payments may vary slightly based on individual circumstances and other factors.
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why are bank charges or account keeping fees for the operation of the trust account paid from the general business account instead of being debited directly from the trust account.
Answers
Because the trust account is primarily used for retaining funds, the bank fees or account keeping costs for operating the trust account are paid from the regular business account as opposed to being debited directly from the trust account.
Belonging to other people and the trust accounts are managed by a trustee who has a legal obligation to safeguard the money in trust and ensure it is not mixed with any of the trustee's money.
Bank account keeping fees for the operation of the trust account are the costs incurred in running a trust account. These costs are typically charged by the financial institution to the account holder to cover the operational expenses incurred in the administration of the trust account. Some of these expenses may include transaction fees, maintenance costs, and account fees.
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When discussing choosing a Cunningham for the jury, Atticus says, “When you analyze it, there was little risk. There’s no difference between one man who’s going to convict and another man who’s going to convict, is there? There’s a faint difference between a man who’s going to convict and a man who’s a little disturbed in his mind, isn’t there?
Answers
Atticus says they're pοοr grοwers, but want tο get by οn their οwn. Hοwever, they pay in crοps because that's all they can dο, If they need tο hire peοple.
Atticus has nοthing against the Cunninghams, but Scοut dοes n’t knοw any better. She said tο Calpurnia, “ he ain’t cοmpany, Cal, he’s just a Cunningham.
”She alsο says that he lοοks like he was raised οn fish fοοd. After Scοut explained why she was frenetic at Walter, he tοld her tο put herself in his shοes. That yοu nοway really knοw a persοn unless yοu see the wοrld in their pοint οf view.
The Finches are analοgοus tο the Cunninghams because bοth families are cοnsidered pοοr because οf the Great Depressiοn, indeed thοugh the Cunninghams have lοwer. The are different because οf sοcial class.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Yeah
Aye' Lewis wassup?
Billy Bang
It's the chemists yall'
My love, do you ever dream of
Have you ever loved someone
So much you'd thought you'd die
Giving so much of yourself it seems the only way
Tell me what you want and now
And I will give it to you (You yeah)
'Cause you are my love do you ever dream of
Candy coated rain drops?
You're the same my candy rain
My love did you ever dream (Dream)
That it could be so right?
I never thought I would find
All that I need in life
All I want all I need now I know
I know I found it in you
'Cause you are my love do you ever dream of
Candy coated rain drops?
You're the same my candy rain
Billy Bang
Mommy call me bang bang like a gun
I make her candy rain let it rain on my tongue
Tell her don't stop get it get it, gimmie gimmie some
Baby don't stop get it get it til we get it done
Answers
Answer:
?????????????????????
Answer:
/: ??????????????
Explanation:
How do you think companies determine the price for their products?
Answers
Answer:
Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.
suppose you are thinking about funding a kickstarter campaign for a hybrid mechanical/digital calendar for which you are willing to pay $125. to receive a calendar, the company requires you to pledge $100. you think there is about an 80% chance of the company succeeding. if the company fails, you will not receive a refund. calculate the consumer surplus you obtain if the company succeeds to evaluate whether the bet is fair.
Answers
EV= 0.8 (125-100) + 0.2 (0-100) = 0
Therefore, this bet is reasonable, but a risk-averse person would not place it since they are hesitant to take risk , especially when the pay off is zero.
What is a risk?Business risks are the chances that a company would have insufficient profits as a result of unpredict abilities, such as shifts in consumer preferences, strikes, increasing competition, shifts in governmental regulations, obsolescence, etc.
An organization's ability to create profits at the desired levels is threatened by hazards, which can also pose a long-term threat to the sustainability of the organization.
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cotton corporation currently makes 8,000 subcomponents a year in one of its factories. the unit costs to produce are:
Answers
Direct material expenses make up the production unit costs. variable manufacturing overhead costs related to direct labour.
What is the cost of manufacturing?The total cost of maintaining all production facilities for a manufacturing firm that cannot be directly linked to a product is known as factory overhead, also known as manufacturing overhead, work overhead, or factory burden in American English. Usually, indirect expenses and indirect labour are affected.
What is the formula used to calculate production costs?Overhead, direct labour, and raw materials make up the three main costs. While some of these costs are variable, the majority of them are fixed (raw materials and labor).
The formula for total product cost is as follows:
cost of raw materials + cost of direct labour + cost of overhead.
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Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average
Answers
Answer:
Explanation:
Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .
In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.
The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method
Answer: weighted average, specific identification, first in first out, last in first out
Explanation:
Who makes the decisions in a command economy?
Answers
Major areas of economic production are controlled and guided by the government (or another central authority) in a command economy.
In command economies, "government officials" are the ones who ultimately decide whether to build affordable automobiles for the working class or luxurious cars for the wealthy and powerful.
It has been observed that communist regimes are more likely to have command economy. I hope the response was helpful.
In a command economy, sometimes referred to as a planned economy, all economic operations are planned, coordinated, and under the direct supervision of the central government in order to maximize societal welfare.
As contrast to free-market economies, command economies do not let market forces like supply and demand control production or prices.
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WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, C, or D
UPDATE: I JUST NEED 10 & 12
Answers
Answer: 10 is a and 12 is b
By the end of the accounting period, employees have earned salaries of $500, but they will not be paid until the following pay period. Which of the following is the proper adjusting entry? A) Credit Salaries expense for $500. B) Debit Salaries payable for $500. C) Credit Unearned revenues for $500. D) Debit Salaries expense for $500.
Answers
Answer:
D) Debit Salaries expense for $500.
Explanation:
Preparation of the proper adjusting entry
Since we were told that employees have earned salaries of the amount of $500 in which they wont be paid until the following pay period which means that the adjusting entry will be:
Debit Salaries expense for $500
Use the following compound interest formula to complete the problem. A = P (1 StartFraction r over n EndFraction) superscript n superscript t Victor has a credit card with an APR of 13. 66%, compounded monthly. He currently owes a balance of $1,349. 34. Assuming that Victor makes no purchases or payments, how much will he owe after one year, to the nearest cent? a. $1,349. 34 b. $1,533. 66 c. $1,545. 65 d. $1,364. 70.
Answers
Compound interest is the method of calculating in which the principle as well the interest on principle is reinvested every year and the amount at the maturity is obtained.
Victor currently owes a balance of $1,349.34 which is compounded monthly by the yearly rate of 13.66%.
Given
Balance is $ 1,349.34
APR is 13.66%.
We have to calculate the owing after one year
Calculations:The amount will have to be calculated by compounding the amount monthly.
Compound Interest = P(1 + (r/12) )12t
Compound Interest = $1349.34(1+(.1366/12))12
Compound Interest = $1545.65
Therefore the amount if compounded monthly will give us the $1545.65 which will be the owing of Victor after one year and OPTION C is correct regarding the question.
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Answer:
✅ C. $1,545⬇️ I got 100% on the test
How education is medium to enhance the ability of human beings?
Answers
The general education of a populace enhances the overall ability of humans by allowing a greater number of humans to be given the (intellectual) tools necessary (in agreence with Rene Descartes theory of obtaining “new knowledge” to improve upon previously held inclinations or even create new ones in order to increase efficiency or another set of reasons one might alter their natural inclinations. With that being said, general education is a tool that, when used properly, can be used to increase the overall ability of humans by means of increased intellectual ability.
Celina is the manager at the local supermarket. New employee schedules are posted each week. When employees are unable to work their shift, they indicate it on the schedule and other employees can fill in. Often, employees need to check the schedules when they are away from work, so Celina needs a more efficient way for her employees to share information. Kayla is taking a business class and told Celina about a great tool that will serve their needs. What was the technology tool Kayla told Celina about?
A.) e-mail
B.) wikis
C.) firewalls
D.) blogs
Answers
Answer:
b) wiki
Explanation:
because emails only have one template, and can usually only go from one person to the other without overcomplicating.
firewalls are for protecting websites and private information.
blogs are usually for one person to post, and won't be as efficient and easy.
wikis are the best option because you can find various websites with templates for specific needs, especially for the workplace
do chip credit cards protect against online purchases
Answers
Answer:
Protecting Against Payment Card FraudExplanation:
The chips do nothing to protect against online payment card fraud, which depends on account numbers and passwords rather than the physical cards. As one security expert noted, computers and mobile devices don't have card readers attached.
b) José Luis trabajo 7 meses del año. ¿Qué porcentaje del año trabajo?
c) Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas. ¿Qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto?
d) El costo de una camisa es $400 y tiene un descuento del 20%. ¿Cuál es el precio de la camisa con el descuento?
Answers
Answer:
B) 58.3%.
C) 87.5% y 12.5%.
D) $320.
Explanation:
B) Dado que José Luis trabajó 7 meses del año, para determinar qué porcentaje del año trabajó se debe realizar el siguiente cálculo:
12 = 100
7 = X
7 x 100 / 12 = X
700 / 12 = X
58.3 = X
Por lo tanto, José Luis trabajó 58.3% del año.
C) Dado que Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas, para qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto se debe realizar el siguiente cálculo:
40 = 100
35 = X
35 x 100 / 40 = X
3500 / 40 = X
87.50 = X
Por lo tanto, Lucero contesto un 87.5% de preguntas correctamente, y un 12.5% incorrectamente.
D) Dado que el costo de una camisa es $400 y tiene un descuento del 20%, para determinar cuál es el precio de la camisa con el descuento se debe realizar el siguiente cálculo:
1 - 0.2 = 0.8
400 x 0.8 = 320
Por lo tanto, el costo de la camisa fue $320.
What the most challangeing thing about righting a memo
Answers
Answer: The most challenging part of writing this memo was to ensure that it doesn’t offend or demean any employees. It was also a challenge to convey the message in a tone that is both formal and polite, so the recipients understand the reason for the change in the dress code.
does 1 plus 1 = 65 yes or no
Answers
Answer:
No 1 + 1 = 2
Explanation:
Lol
Generally parties agree on terms and perform their obligations in good faith Group of answer choices True False
Answers
The statement that parties generally agree on terms and perform their obligations in good faith is: True
What are Terms?Terms are agreement parties or individual come to before performing an obligation. These agreements can either be written or verbal and it must be honored.
Generally, before embarking on a business arrangement, individuals or parties come together to agree on a standard and procedure before starting up the project.
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Which trend has the world bank seen in its study of poverty in low-income nations?.
Answers
A trend that the World Bank has noticed in its study of low-income nations is b. More women live in poverty than men.
Why is this a trend?In low-income countries, there is a lot of inequality between men and women with women being denied opportunities.
This has led to a situation where women live in more poverty than men because they lack the means to uplift themselves and are forced to depend on men.
In conclusion, option B is correct.
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The department heads of a plastics company sit down to discuss next year’s budget. Fabrication says that two of their extruders are outdated and need to be replaced. Accounting explains that without at least two more staffers, they can’t keep up with the books. Shipping wants additional funding to cover the rising cost of gasoline. Sales believes they could obtain more clients with a larger travel fund. Everyone wants a larger budget this year. Which strategy would be most effective in this situation?
Answers
Answer: Averaging
Explanation:
From the question, we are informed that the department heads of a plastics company sit down to discuss next year’s budget. We are informed that fabrication says that two of their extruders are outdated and need to be replaced; accounting explains that without at least two more staffers, they can’t keep up with the books; shipping wants additional funding to cover the rising cost of gasoline and that sales believes they could obtain more clients with a larger travel fund. It was realized that everyone wants a larger budget this year.
The strategy that'll be most effective in this situation is averaging. Averaging simply occurs when group members have to hassle, bargain and yhen negotiate before a compromise is reached. In this scenario, this will be the best option.
Barry was interested in buying a house. He has worked with his real estate agent, Rita, for two years now. His real estate agent found the exact type of house that he was looking for except that she failed to disclose that the house had a severe infestation of termites that had left the structure of the house compromised and in danger of collapse. The state required both the agent and the owners to disclose any apparent or latent defect in the house, but both parties failed to tell Barry about the damage. Barry entered a bid and the owners accepted his bid. Barry had a house inspector inspect the house and when he was told of the termite infestation, he sued to rescind the contract based on nondisclosure. The court will find that this nondisclosure: ______.
Answers
The court will likely find that the nondisclosure of the severe termite infestation by both the real estate agent and the owners was a violation of the state's requirement to disclose any apparent or latent defect in the house.
As a result, Barry may be able to rescind the contract based on this nondisclosure. Real estate agents and owners have a duty to disclose any known defects in a property to potential buyers, and failure to do so can result in legal consequences. It is important for buyers to hire an experienced home inspector to thoroughly inspect the property before making a purchase, but even with an inspection, sellers and agents must disclose any known issues with the property. Ultimately, the court will consider the specific circumstances of the case and the state's laws regarding disclosure in determining the outcome.
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if you default on your student loans, your employer may garnish your wages. group of answer choices true false
Answers
if you default on your student loans, your employer may garnish your wages.- true.
Your salary could be garnished as one of the effects of your loan being in default. This indicates that your company can be obliged to deduct money from your paycheck and transfer it to the person who holds your defaulted loan.
Without taking legal action against you, your loan holder may direct your employer to deduct up to 15% of your disposable income in order to pay off your past-due debt. Until the full repayment of your defaulted debt or the termination of the default status, this withholding ("garnishment") will remain.
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why is time management important to an event organiser
Answers
Answer:
The importance of time management is a commonly-heard phrase and skill, whether in job descriptions, event management or just your day to day life. The better you manage your time, the more efficient you will be. It also helps you recognize how much you can achieve in a day by setting targets and deadlines.
Explanation:
James Corporation is planning to issue bonds with a face value of $ 500,000 and a coupon rate of 6 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January 1 of this year.
Required:
Compute the issue (sale) price on January 1 of this year for the following independent cases (show computations):
(b) Case B: Market interest rate (annual): 6 percent.
Answers
issue price of the bonds on January 1 of this year would be approximately $489,083.39.To compute the issue (sale) price of the bonds, we can use the present value formula. The present value (PV) of a bond is the sum of the present values of its future cash flows.
In this case, the bond has a face value of $500,000 and a coupon rate of 6%. The coupon payments are made semiannually, so there will be 20 coupon payments over the 10-year period. The market interest rate is also 6%.
To calculate the present value of each coupon payment, we can use the formula:
PV = Coupon Payment / \((1 + Market Interest Rate / 2) ^ (Number of Periods)\)
Using this formula, the present value of each coupon payment would be:
PV = (0.06 * $500,000) / \((1 + 0.06 / 2) ^ (20)\)
Calculating this, we find that each coupon payment has a present value of approximately $12,434.17.
Next, we calculate the present value of the face value (final payment) using the formula:
PV = Face Value /\((1 + Market Interest Rate / 2) ^ (Number of Periods)\)
Plugging in the values, we find that the present value of the face value is approximately $215,675.19.
Finally, to compute the issue (sale) price, we sum up the present values of the coupon payments and the face value:
Issue Price = Sum of Present Values of Coupon Payments + Present Value of Face Value
Issue Price = (20 * $12,434.17) + $215,675.19
Calculating this, we find that the issue price of the bonds on January 1 of this year would be approximately $489,083.39.
In summary, for Case B with a market interest rate of 6%, the issue (sale) price of the bonds on January 1 of this year would be approximately $489,083.39.
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Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answers
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
Recall the four reasons some people favor trade restrictions. Give an example from the U.S. economy that you think best fits each reasons
Answers
Answer: See explanation
Explanation:
Trade restrictions simply means a way of protecting the local industries. This can be through imposition of tariffs on foreign goods, use of quota etc. The importance of trade restrictions are:
1. Trade restrictions are important in the protection of the infant indutries, that is, the young industries in a country that are just growing.
2. Trade restrictions is necessary to prevent dumping of goods. This mean selling of goods at lower prices or of low quality in a country. This gives such products an unfair advantage over other goods produced in the home country.
3. Trade restrictions is vital on order to protect the strategic indutries.
4. Trade restrictions is also vital in order to protect the jobs of the people in the country. When goods are imported rather than supporting local businesses, this can lead to unemployment as workers will lose their jobs.