AK
Ahmed Khaled
Answers (2)
AK
Answered
What criteria do consumers apply when deciding whether or not to consume
A) The consumer would consume only if the price is lower than his highest willingness to pay
B) The consumer would only consume if his surplus is greater than zero
C) The consumer would only consume if the price is higher than his highest willingness to pay
D) Both A&B
A) The consumer would consume only if the price is lower than his highest willingness to pay
B) The consumer would only consume if his surplus is greater than zero
C) The consumer would only consume if the price is higher than his highest willingness to pay
D) Both A&B
On Sep 27, 2024
D
AK
Answered
Benoit Corporation's manufacturing overhead includes $14.20 per machine-hour for variable manufacturing overhead and $659,280 per period for fixed manufacturing overhead.Required:
Determine the predetermined overhead rate for the denominator level of activity of 6,700 machine-hours. (Round your answer to 2 decimal places.)
Determine the predetermined overhead rate for the denominator level of activity of 6,700 machine-hours. (Round your answer to 2 decimal places.)
On Sep 23, 2024
Predetermined overhead rate = Estimated total manufacturing overhead/Denominator level of activity
= [(${{[a(1)]:#,##0.00}} per machine-hour × {{[a(3)]:#,###}} machine-hours) + ${{[a(2)]:#,###}}] ÷ {{[a(3)]:#,###}} machine-hours
= ${{[a(4)]:#,###}} ÷ {{[a(3)]:#,###}} machine-hours
= ${{[a(5)]:#,##0.00}} per machine-hour
= [(${{[a(1)]:#,##0.00}} per machine-hour × {{[a(3)]:#,###}} machine-hours) + ${{[a(2)]:#,###}}] ÷ {{[a(3)]:#,###}} machine-hours
= ${{[a(4)]:#,###}} ÷ {{[a(3)]:#,###}} machine-hours
= ${{[a(5)]:#,##0.00}} per machine-hour