MW
Michael Winslow
Answers (5)
MW
Answered
The variety of products and features that consumers may choose from in monopolistically competitive industries
A) at least partially offsets the economic inefficiencies of this market structure.
B) leads to an optimal allocation of resources in the market structure.
C) guarantees that firms produce at full-capacity output levels.
D) makes the demand curves facing firms in these industries perfectly elastic.
A) at least partially offsets the economic inefficiencies of this market structure.
B) leads to an optimal allocation of resources in the market structure.
C) guarantees that firms produce at full-capacity output levels.
D) makes the demand curves facing firms in these industries perfectly elastic.
On Jun 07, 2024
A
MW
Answered
Dietzen Corporation has two manufacturing departments--Casting and Finishing.The company used the following data at the beginning of the year to calculate predetermined overhead rates: 
During the most recent month, the company started and completed two jobs--Job D and Job J.There were no beginning inventories.Data concerning those two jobs follow: 
Required:
a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the total manufacturing cost assigned to Job D.
b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the total manufacturing cost assigned to Job J.
During the most recent month, the company started and completed two jobs--Job D and Job J.There were no beginning inventories.Data concerning those two jobs follow: Required:a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the total manufacturing cost assigned to Job D.
b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the total manufacturing cost assigned to Job J.
On Jun 07, 2024
a.The first step is to calculate the estimated total overhead costs in the two departments.
Casting
Finishing 
The second step is to combine the estimated manufacturing overhead costs in the two departments ($24,000 + $31,800 = $55,800)to calculate the plantwide predetermined overhead rate as follow: 
The overhead applied to Job D is calculated as follows:
Overhead applied to a particular job = Predetermined overhead rate x Machine-hours incurred by the job
= $5.58 per MH x (2,700 MHs + 2,400 MHs)
= $5.58 per MH x (5,100 MHs)
= $28,458
Job D's manufacturing cost:
b.The overhead applied to Job J is calculated as follows:
Overhead applied to a particular job = Predetermined overhead rate x Machine-hours incurred by the job
= $5.58 per MH x (1,300 MHs + 3,600 MHs)
= $5.58 per MH x (4,900 MHs)
= $27,342
Job J's manufacturing cost:
Casting
Finishing The second step is to combine the estimated manufacturing overhead costs in the two departments ($24,000 + $31,800 = $55,800)to calculate the plantwide predetermined overhead rate as follow: The overhead applied to Job D is calculated as follows:Overhead applied to a particular job = Predetermined overhead rate x Machine-hours incurred by the job
= $5.58 per MH x (2,700 MHs + 2,400 MHs)
= $5.58 per MH x (5,100 MHs)
= $28,458
Job D's manufacturing cost:
b.The overhead applied to Job J is calculated as follows:Overhead applied to a particular job = Predetermined overhead rate x Machine-hours incurred by the job
= $5.58 per MH x (1,300 MHs + 3,600 MHs)
= $5.58 per MH x (4,900 MHs)
= $27,342
Job J's manufacturing cost:
MW
Answered
To gain employee support for the implementation of a performance-base pay plan, the implementing organization can:
A) make sure the plan is understood, and bonuses are easy to calculate
B) provide methods for employees to lodge an appeal if they feel they were treated unfairly
C) let the employees have a hand in establishing and administering the plan
D) gain the employees' trust and make them believe they have job security
E) do all of the above
A) make sure the plan is understood, and bonuses are easy to calculate
B) provide methods for employees to lodge an appeal if they feel they were treated unfairly
C) let the employees have a hand in establishing and administering the plan
D) gain the employees' trust and make them believe they have job security
E) do all of the above
On Jun 06, 2024
E
MW
Answered
Benchmarking is the process of comparing the organization's processes and practices with those of other companies.
On May 08, 2024
True
MW
Answered
Which of the following will best help a new employee establish credibility with customers?
A) Understanding the company's history
B) Establishing qualifications and areas of expertise
C) Being aware of communication skills
D) Bragging about previous records and successes
E) Using hyperbole when discussing past achievements
A) Understanding the company's history
B) Establishing qualifications and areas of expertise
C) Being aware of communication skills
D) Bragging about previous records and successes
E) Using hyperbole when discussing past achievements
On May 07, 2024
B