The predetermined overhead rate, as a percentage of direct labor costs of 50%.
First step is to calculate Manufacturing overhead applied using this formula
Work in process = Direct materials + Direct labor + Manufacturing overhead applied
Let plug in the formula
$18,000 = ($6,000 + $3,000) + ($4,000 + $2,000) + Manufacturing overhead applied
Manufacturing overhead applied = $18,000 - ($6,000 + $3,000) - ($4,000 + $2,000)
Manufacturing overhead applied = $18,000 - $9,000- $6,000
Manufacturing overhead applied= $3,000
Second step is to calculate predetermined overhead rate, as a percentage of direct labor costs using this formula
Manufacturing overhead applied = Predetermined overhead rate × Direct labor costs
Let plug in the formula
$3,000 = Predetermined overhead rate × ($4,000 + $2,000)
Predetermined overhead rate = $3,000 ÷ $6,000
Predetermined overhead rate= 50%
Inconclusion the predetermined overhead rate, as a percentage of direct labor costs of 50%.
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Swot analysis is a technique to analyze the internal and external environment of a firm. what are its advantages and disadvantages?
Kurt's entertainment has a receivables turnover rate of 14.8, a payables turnover rate of 10.4 and an inventory turnover rate of 22.6. what is the length of the firm's operating cycle?
The firm’s operating cycle is equivalent to the sum of the total number of days of a cycle of the receivables turnover and the inventory turnover.
Receivables turnover = 365 days / 14.8 = 24.66 days
Inventory turnover = 365 days / 22.6 = 16.15 days
Operating cycle = 24.66 days + 16.15 days = 40.81 days
Answer: 40.81 days
Jay discounts a 100-day note for 25000 at 13%. The effective rate of interest to the nearest hundredth percent is?
Answer:
13.49%
Explanation:
Please see attachment .
When you are shopping for a loan, the __________ is the important rate to compare.
Jayce products buys a $500,000 machine by taking out a bank loan. the company's assets will _____ by $500,000 while its liabilities will _____ by $500,000.
The company's assets will rise by $500,000 while its liabilities will rise by $500,000.
What is accounting equation?The accounting equation is the assets that are equivalent to the liabilities & equity, and the same should be shown in the balance sheet.
The accounting equation is given as:
Assets = Owner's equity + liability
The asset will rise because the company is purchasing new products, also the liability will rise because of the loan taken to purchase the asset.
Hence, the company's assets will rise by $500,000 while its liabilities will rise by $500,000.
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The? month-end figures are in. although the production quantity met? goals, the scrap rate was over budget. the managers reviewing these numbers are engaging in? _____________.
Assume you are representing management (like katherine in this scenario). what exactly would you do in this situation? indicate a specific example for each of the key negotiator behaviors.
A contingency was evaluated at year-end. management felt it was probable that this would become an actual liability and the amount could be reasonably estimated. if this was not reported on the balance sheet or in the notes to the financial statements, what is the effect on the financial reporting of the company? the information about the transaction would be inadequately disclosed in the notes. there would be no effect. the liabilities on the balance sheet would be understated. the net income of the company would be understated.
When we speak of expansionary fiscal policy, policymakers __________ government spending, or __________ taxes, or both?
The net cost to society from the imposition of a tax is also known as:
_____ is a technique in which computers are designed with many microprocessors that work together, simultaneously, to solve problems.
If a corporate bond is issued with a coupon rate that varies directly with the required return, the price of the bond will
The answer to this question is that the price of the bond will be equal to the face value.
Bonds are type of investments in which the investor can receive money on the investment with a fixed interest. Bonds are also known as fixed income securities. This type of investment is less risky because the insurer will return the face value of the investment and interest from the investment is in a fixed rate.
If a corporate bond is issued with a coupon rate that varies directly with the required return, the price of the bond will Decrease when the required return decreases. The option (B) is correct.
When the market interest rate increases, the present value (PV) of the bond's future payments decreases, making the bond less valuable. Conversely, as the rate decreases, the PV of future payments increases, and the bond becomes more valuable.
Therefore, if the required return on a bond decreases, the price that investors are willing to pay for that bond increases.
This question is not complete, Here I am attaching the complete question:
If a corporate bond is issued with a coupon rate that varies directly with the required return, the price of the bond will:
A) Increase when the required return decreases
B) Decrease when the required return decreases
C) Increase when the required return increases
D) Remain unchanged regardless of the required return
When the interest rate in an economy increases it is likely the result of either?
Stagflation is the simultaneous occurrence of _____ unemployment and _____ inflation
In an interview with lise saari, former director of global workforce research at ibm, she notes that hr must be a true partner of the business, with a deep and up-to-date understanding of business realities and objectives, and must ensure hr initiatives fully support them at all points of the value chain. this is an example of
_____ is designed to help consumers make proper product selections and lower their cognitive dissonance after a purchase.
Final answer:
Consumer behavior is designed to help consumers make proper product selections and lower their cognitive dissonance after a purchase.
Explanation:
Consumer behavior is designed to help consumers make proper product selections and lower their cognitive dissonance after a purchase. Cognitive dissonance refers to the mental discomfort experienced when a person holds conflicting beliefs or experiences tension between their beliefs and actions.
This occurs when a person feels regret or doubts about a purchase they have made. Consumer behavior helps consumers resolve this dissonance by providing information and tools to make informed product choices and alleviate regret.
Total planned real expenditures measured along the aggregate demand curve are made up of
Total planned real expenditures measured along the aggregate demand curve are made up of consumption spending, investment spending, government spending, and net export spending.
To add, components of aggregate expenditure are defined as the total amount that firms and households plan to spend on goods and services at each level of income.
Total planned real expenditures along the aggregate demand curve in an economy include consumption, investment, government spending, and net exports. The aggregate demand curve depicts the total spending on domestic goods and services at each price level, affected by changes in the price level measured by the GDP deflator.
Explanation:Total planned real expenditures measured along the aggregate demand curve comprise several key components of an economy's spending. These components are consumption, investment, government spending, and net exports, which is calculated by subtracting imports from exports. The aggregate demand reflects how much money all of these activities represent at various price levels, illustrating how a change in the general price level impacts overall spending.
The aggregate demand curve thus shows the relationship between the price level - indicated by an index number such as the GDP deflator - and the total amount of goods and services that households, businesses, the government, and foreign buyers are willing and able to purchase at each price level.
The risk-free rate of return is 5%, the required rate of return on the market is 11%, and high-flyer stock has a beta coefficient of 1.5. if the dividend per share expected during the coming year, d1, is $4.45 and g = 4%, at what price should a share sell?
Olivera corporation's flexible budget performance report for last month shows that actual indirect materials cost, a variable cost, was $31,178 and that the spending variance for indirect materials cost was $2,261 unfavorable. during that month, the company worked 11,900 machine-hours. budgeted activity for the month had been 12,200 machine-hours. the cost formula per machine-hour for indirect materials cost must have been closest to:
To solve this problem, we should recall the spending variance is expressed as:
Spending variance = Actual results - Flexible budget
Where,
Spending variance = $ 2,261 Unfavorable
Actual results = $ 31,178
Flexible budget = 11,900 X
X represents the cost formula per machine-hour for indirect materials. Substituting the values to the equation:
2,261 = 31,178 - 11,900 X
- 11,900 X = - 28,917
X = $ 2.43 (ANSWER)
Cunningham, inc. sells mp3 players for $60 each. variable costs are $40 per unit, and fixed costs total $120,000. what sales are needed by cunningham to break even?
Cunningham, Inc. needs to sell 6,000 units of MP3 players to break even.
To calculate the sales needed for Cunningham, Inc. to break even, we use the break-even point formula:
Break-even point = Fixed costs / (Selling price per unit - Variable cost per unit)
Given:
Selling price per unit = $60
Variable cost per unit = $40
Fixed costs = $120,000
Substitute these values into the formula:
Break-even point = 120,000 / (60 - 40)
Break-even point = 120,000 / 20
Break-even point = 6,000 units
Therefore, Cunningham, Inc. needs to sell 6,000 units of MP3 players to break even.
Goal setting, when combined with relapse prevention, is effective at facilitating positive transfer of training
Gabriel applies for a home loan and, mark signs the agreement promising to pay off the debt in case gabriel fails to do so. in this case mark is:
a. the cosigner be. the obligee
c. the obligor
d. the assignor
Consider a hypothetical economy where there are no taxes and no international trade. households spend $0.80 of each additional dollar they earn and save the remaining $0.20. if there are no taxes and no international trade, the oversimplified multiplier for this economy is .
The question is about calculating the simple spending multiplier in a no-tax, no-trade economy. With an MPC of 0.80, the multiplier would be 5, indicating that $5 of economic activity is generated for every additional dollar earned.
Explanation:The student's question relates to the concept of the multiplier effect in economics, specifically how household spending behavior affects overall economic activity. In a hypothetical economy where households spend 80% of their additional income and save the remaining 20%, the multiplier would be calculated using the marginal propensity to consume (MPC) or the fraction of extra income that households consume rather than save. Since there are no taxes or international trade in this scenario, the simple spending multiplier can be calculated as the reciprocal of the marginal propensity to save (MPS), which is the complement of the MPC (1 - MPC).
In this case, with an MPC of 0.80, the MPS would be 1 - MPC, which equals 0.20. Therefore, the multiplier would be 1 divided by the MPS, which equals 1 / 0.20, or 5. This means that for every additional dollar earned, $5 of economic activity is generated.
You deposit $3000 into an account which earns 5.1% interest per year, compounded annually. your friend simultaneously deposits $2000 into an account which earns a yearly interest rate of 7.5% compounded continuously. after how many years will both accounts have the same amount of money?
A(n) _____ is a characteristic that consumers may have difficulty assessing even after purchase because they do not have the necessary knowledge or experience.
How many crates of apples will be sold after the price floor has been imposed?
Final answer:
A price floor's impact on the sale of apple crates is complex and depends on the market dynamics, potentially leading to a surplus, increased consumer costs, and resource wastage.
Explanation:
We can discuss the concept of a price floor and its general effects on a market. A price floor is a government- or body-imposed minimum price that can be charged for a product or service. When a price floor is set above the market equilibrium, it can lead to potential unintended consequences in the market for that commodity.
Surplus: A price higher than the equilibrium price may reduce the quantity of apples purchased by consumers, leading to a surplus where the supply exceeds demand.Increased costs for consumers: With the enforcement of a price floor, consumers have to pay more for apples than they would in an unregulated market, effectively decreasing their purchasing power for apples.Wastage of resources: Surplus produce may lead to wastage if it is not sold, has a limited shelf life, or lacks alternative markets.In an enterprise-class database system, reports are created by ________.
Reinforcement, contact, honesty, and fair expectations are
ways of maintaining relationships.
If the U.S. dollar depreciates, _____.
If profit per unit equals (price - cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have