Eaton Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produces 5,000 nubby tires and 10,000 smooth tires each year and incurs $172,000 of overhead costs. The following information is available:
Activity Total Cost Cost Driver
Materials handling $60,000 Number of requisitions
Machine setups 55,000 Number of setups
Quality inspections 57,000 Number of inspections
For the nubby tires, the company has 400 requisitions, 200 setups, and 200 inspections. The smooth tires require 600 requisitions, 300 setups, and 400 inspections.
Determine the overhead rate for each activity.

Answers

Answer 1

Answer:

Materials handling= $60 per requisition

Machine setups= $110 per setup

Quality inspections= $95 per inspection

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling= 60,000/1,000= $60 per requisition

Machine setups= 55,000/500= $110 per setup

Quality inspections= 57,000/600= $95 per inspection


Related Questions

what is the purpose of IDP

Answers

The basic purpose of IDP is to assist the employees in their career and personal development.

What do you mean by purpose?

The purpose means the reason for which something can be done or created.

The basic purpose of IDP is to help employees for reaching short and long-term career goals as well as to improve their current job performance.

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Advantages to free-trade agreements (FTAs) are that they increase trade barriers (both tariff and non-tariff barriers), open up market to exporters, and increase jobs domestically. True orFalse

Answers

Answer:

False

Explanation:

Free trade agreements are economic cooperation deals between two or more countries.  In the agreement, the countries agree to put in measures that will promote trade between them. Free trade agreements are mostly about tariffs and duties that countries impose on each other imports and exports.

The purpose of the free trade agreement is for participating countries to review the tariffs to increase trade among participating countries. In most cases, a free trade agreement resorts to reduced tariffs and duties.

Describe a start-up business that would attract venture capital.

Answers

Answer:

A start-up business that would likely attract venture capital would be an online platform that connects businesses with freelance workers. This platform would provide businesses an easy and efficient way to outsource tasks that they do not have the time or resources to do in-house. It would also provide workers with an opportunity to find work with businesses, and the ability to work remotely from anywhere in the world.

The platform would be designed to make the process of finding and hiring freelance workers simple and straightforward. Businesses would be able to post job openings, and workers would be able to easily search for and apply for jobs that fit their skill sets. The platform would also provide businesses with the ability to review a freelancer's portfolio, past work experience and customer reviews to help them make an informed decision when hiring.

The platform would also make it easy for businesses and freelancers to communicate, allowing them to collaborate on projects from anywhere in the world. The platform would also provide integrated payment solutions, such as escrow accounts, to make it easier for businesses to pay freelancers on time.

The platform would be designed to be user-friendly, making it easy for both businesses and freelancers to get started. The platform would also have a reputation system to help

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Answer the following question in 3-4 complete sentences.

Define the following terms:

- crayon manner
- pastel manner
- chalk

Answers

- Crayon manner refers to a technique in drawing or painting that utilizes the application of waxy crayons to a surface.

- Pastel manner refers to a technique in drawing or painting that utilizes the application of soft, powdered pastels to a surface.

- Chalk refers to a soft, sedimentary rock that is composed of microscopic shells and skeletal fragments of marine creatures.

The crayons are used to create distinct and bold lines, with a texture and vibrancy that can be difficult to achieve with other mediums.

Pastels are known for their bright colors and soft, velvety textures. They can be blended and layered to create a wide range of effects and can be used on their own or in combination with other mediums.

Chalk is typically white or pale in color and has a powdery texture. Chalk can be used as a medium in drawing and painting, typically by rubbing the chalk on a surface to create bold, expressive lines and layers of color. Chalk is also commonly used on blackboards for writing or drawing.

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Mr. Fishman decided to start a new business with his own cash K50,000. Bought goods for cash K5,000 Cas payment Journal Bought fixtures and fittings for K2,000 cash ✓ Purchase goods on credit from Rat Trading K5,000 PJ Purchase goods on credit from Taro Ltd K3,000 px Cash sales K6,000 CS Bought stationery K3,000 with cash from Theodist G Cash sales K5,000 CR Bought goods worth K4,000 on account from Rat Trading PJ Paid wages K2,500 in cash G Sold goods on credit to Mike Trading K2 500 page​

Answers

The business dealings of Mr. Fishman show how multiple journals are used to record different kinds of transactions, such as payments made, cash receipts, purchases, and sales.

Frame a summary for the given transactions.

To launch the company, Mr. Fishman contributed K50,000 of his own money. Mr. Fishman paid cash for goods totaling K5,000. The Cash Payment Diary would be updated with the entry. With K2,000 in cash, Mr. Fishman purchased fixtures and fittings. The Cash Payment Diary would be updated with the entry. On credit, Mr. Fishman bought goods from Rat Trading valued K5,000. The Purchase Diary would be updated with the entry. On credit from Taro Ltd, Mr. Fishman purchased goods totaling K3,000. The Purchase Diary would be updated with the entry. Mr. Fishman made 6,000 K in cash sales. The Cash Receipts Diary would have a record of the entry. Theodist G gave Mr. Fishman money to purchase office supplies costing K3,000. The Cash Payment Diary would be updated with the entry. Mr. Fishman sold K5,000 in cash. The Cash Receipts Diary would have a record of the entry. Rat Trade accepted an order for K4,000 worth of goods from Mr. Fishman. The Purchase Diary would be updated with the entry. K2,500 in salaries were given by Mr. Fishman in cash. The Cash Payment Diary would be updated with the entry. For K2,500, Mr. Fishman sold merchandise to Mike Trading on credit. The Sales Diary would have a record of the entry.

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The United States has imposed a tariff of 51% on radial car tire imports from China. The tariff caused imports of tires to drop precipitously after only a few months. Additionally, the price of tires rose significantly after only a few months.
1st attempt
Part 1 (1 point)See Hint
Who benefited from this tariff?

Choose one or more:
A. Chinese radial car tire producers
B. non-Chinese foreign radial car tire producers
C. U.S. radial car tire consumers
D. U.S. radial car tire producers
Part 2 (1 point)See Hint
Now suppose that the United States increases the tariff to 75% on radial car tire imports from China. Which of the following is likely to occur in the United States?

Choose one:
A. Only tires produced in China will increase in price.
B. Only tires imported from non-Chinese foreign producers will increase in price.
C. The average radial car tire price will stay the same.
D. The average radial car tire price will increase.
E. Only domestically produced tires will increase in price.

Answers

We can clearly see that domestic producers in the United States (option D) will benefit the most because there will be no foreign competitors. Only tyres manufactured in China will see price increases in the second scenario.

What exactly is tariff?

Tariffs are taxes levied by a country's or supranational union's government on commodities imported or exported. Import duties, in addition to being a source of government funding, can also be a form of foreign trade regulation and policy that taxes imported imports in order to encourage or safeguard domestic production. Protective tariffs, along with import and export quotas and other non-tariff trade barriers, are among the most widely used instruments of protectionism..

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Javier has documents to give to his tax preparer. He had not started his tax return for this year but is a prior client what services do you offer him

Answers

Tax preparers will compute, file, and offer assistance to Javier.

What is the role of Tax preparers?

The primary objective of these experts is to maximize tax returns for clients while abiding by all relevant rules.

Tax preparers can assist with tax return preparation as well as accounting, bookkeeping, and payroll services. Many tax preparers are employed full-time, part-time, or independently at private businesses or accounting firms. Although most of these specialists are employed year-round, tax season is often their busiest time.

Customer service, financial analysis, data input, and data management abilities are frequently used by tax preparers. Those who are good at problem-solving, communication, and critical thinking may excel in this position.

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All of the following are examples of primary market research EXCEPT

Direct mail surveys

Fee product samples

Focus groups

Promotional email campaigns

Answers

Answer:

Fee product samples

Explanation:

makes pay

Gross profit is the extra amount the company receives from the customer for merchandise sold over what the company paid to the vendor. True False

Answers

Answer:

True

Explanation:

Gross profit can be regarded as profit

that is made by a company after the deduction of the costs that is associated with producing and selling its products, it can also be explained as the costs that is associated with a company to provide its services. Gross profit usually show income statement of the company, and this is calculated by finding the difference between the cost of goods sold (COGS) as well as revenue (sales).

It should be noted that Gross profit is the extra amount the company receives from the customer for merchandise sold over what the company paid to the vendor.

27) Which of the following is NOT a potential benefit of owning a small business?

27) Which of the following is NOT a potential benefit of owning a small business?

Answers

Answer:

D I'm not sure if correct ..

Yashari earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.

Answers

Answer:Income-Contingent Repayment (approximately $37,812), 21 years

Explanation:

With a monthly payment limit of 20% of her discretionary income and no loan forgiveness eligibility, Yashari would pay $147-142 per month, $37,812 total, until December 2043 (21 years from 2022).

Answer:

Yashari earns $27,000 per year, has $7,000 in Direct Subsidized loans, and $19,000 in Direct Unsubsidized loans. She wants to save up an emergency fund of at least 6 months’ take-home pay and is unsure how much she should allocate to her student loans and emergency fund each month.

Explanation:

Type the correct answer in the box. Spell all words correctly. Helena showed a sample group of people some images that were taken from her company's recent ad. The brand name was not shown in the advertisement. The sample group was asked to identify the brand in the ad. What is Helena testing by asking this question? Helena is testing by asking this question.​

Answers

Helena is conducting a brand recognition test to determine how effective the company's recent advertisement was in promoting brand awareness.

By showing a sample group of people images from the ad without displaying the brand name, Helena is measuring the strength of the brand's visual identity and whether it can be recognized without the aid of a brand name.\

This type of testing is important for companies because it helps them evaluate the effectiveness of their advertising campaigns. By measuring brand recognition, they can determine if their ads are reaching their intended audience and if they are effectively communicating the brand message. This information is valuable for making informed decisions about future advertising campaigns and marketing strategies.

Overall, Helena's brand recognition test is a valuable tool for measuring the effectiveness of the company's recent ad campaign and understanding how well the brand is recognized in the market. By using this information, the company can make informed decisions about future advertising and marketing efforts to improve brand recognition and increase sales.

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Why should providers seek to minimise health plan rate differentials

Answers

Providers seek to minimize health plan rate differentials to prevent the market/business from being compelled to abandon plans with smaller reductions.

What is health plan ?

Programs or organizations that offer health benefits in any way—directly, through insurance, through reimbursement, or in another way—are referred to as health plans. The following are just a few examples of health plans: a health insurance plan. a service benefit organization's contract.

An individual's care needs, the services they will receive to meet those needs, who will offer the services and when, and who will supply the services are all identified in a personal plan.

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The Colorado Withholding Tax applies only to non-Colorado residents selling property in Colorado. The withholding is:

Answers

Answer:

2% of the purchase price or the net proceeds of the sale whichever is less

advantages of Mendeleev periodic table​

Answers

Answer:

Mendeleev’s periodic table is, more accepted for its originality and boldness in making corrections in the properties and predicting unknown elements.

Mendeleev was the first one to establish a systematic arrangement and bring out the periodicity of properties of elements with atomic weight and propose a periodic law.

It could point out the incorrect atomic weight of some elements known at that time

It could predict the existence of other elements and could predict their properties so, as to leave space in the periodic table.

It could accommodate all the sixty elements discovered at that time and could accommodate the noble gases which, where discovered later.

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Present owners of a network good receivegreater benefits as new buyers purchase the good. How do network externalities help a monopoly retain its market power? By exploiting network externalities, a firm can become a natural monopoly. If there are strong network externalities associated with a good, other goods are poor substitutes for it. Goods with network externalities are more likely to receive a government patent.

Answers

Answer:

How network externalities help a monopoly retain its market power:

By exploiting network externalities, a firm can become a natural monopoly.

Explanation:

In economics, Network externality describes a situation whereby the demand for a product depends on the demand of other consumers buying that product.  This implies that the value of the product to the consumer is increased because others are joining as buyers.  The present owners of a network product will actually gain more benefits as new buyers purchase the good because the fixed costs of rendering the service or providing the good are not increased with increasing buyers, but remain the same over a relevant range.

Suppose the total monetary value of all final goods and services produced in a particular
country in 2008 is $500 billion and the total monetary value of final goods and services
sold is $450 billion. We can conclude that:
A. GDP in 2008 is $450 billion.
B. NDP in 2008 is $450 billion.
C. GDP in 2008 is $500 billion.
D. inventories in 2008 fell by $50 billion.

Answers

im gone go for D hhalf oral Iran

The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 9,400 units; and ending work in process 8,300 units that are 100% complete as to materials and 47% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

Answers

Answer:

Equivalent unit(material) = 17,700

Equivalent unit(conversion costs) = 13,301

Explanation:

A. Computation for equivalent unit(material)

Particular                                                    Unit

Units transferred                                       9,400

Ending work in process 8,300(100%)      8,300

Equivalent unit(material)                         17,700

B. Computation for equivalent unit(conversion costs)

Particular                                                      Unit

Units transferred                                         9,400

Ending work in process 8,300(47%)          3,901

Equivalent unit(conversion costs)          13,301

Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.

Answers

Journal Entry:

Date: [First year-end date]

The amortization expense for the first year is $120,000.

Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.

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This is nearly double the proposed US contribution to which of the following?
A
Kyoto Protocol
B
London Accords
C
Paris Agreement
D
Geneva Convention

Answers

Answer: C . Paris Agreement

Explanation:

You included no background passage or additional details to the question for me to know what contribution you speak of but the above is most probably the answer.

The U.S. never ratified the Kyoto Protocol so I don't think they had contribution requirements. The London Accords produces research for financial investors so has little to do with the U.S. as a whole.

The Geneva Convention is simply an agreement on conduct during wars so this does not require contributions. This leaves the Paris Agreement ... on Climate Change which has set targets on the emissions to be cut by developed countries so it is most likely the answer.

Are equipment and supplies expenses that would be included on an income statement, I’m lost trying to create a balance sheet, income statement and owners equity with these figures!

Are equipment and supplies expenses that would be included on an income statement, Im lost trying to

Answers

Yes. Equipment and supplies expenses would be included on a company's income statement. This is because they are considered expenses since the company is purchasing them with the intent to use the items for a finite period of time and the costs will be recognized over time. Assets, on the other hand, would refer to items that the company has purchased with the intent on using or selling the items for an indefinite period of time.

Low-risk investments tend to generate what kind of investment income and wealth?

a) Low amounts
b) Low and volatile amounts
c) High amounts
d) Stable amounts

For this question I chose: a) low amounts

Answers

Low-risk investments typically produce low levels of investment income and wealth. Option a is correct.

What is understood by Low-risk investments?

Low risk investments are that type of investment that are harmless by explanation than their opposite number. Low-risk investments typically generate little investment income and wealth.

Stocks are less dangerous than derivatives. The right to purchase or exchange an asset on a limited date for a planned price at the contract date.

Therefore, option a is correct.

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"B) Recall the last time you ate at an expensive restaurant where you paid the bill. Now think about the last time you ate at a similar restaurant, but your parents paid the bill. Did you order more food (or more expensive food) when your parents paid? Explain how this relates to the agency problem in corporations.

"

Answers

Answer:

When a person goes to an expensive restaurant and the parents pay, this person is likely to order more food than if this person goes and pays himself or herself.

This is because in the first case we have the agency problem, because the principal, the parents, and the agent, the child, do not always act on each other best interests.

In the second case, on the other had, this problem does not exist because principal and agent are the same person, since the person who orders is the same person who pays.

According to the New Classical economists, which of the following more than likely caused housing prices to fall after the media reported about the subprime mortgage crisis? O neoclassical theory O cyclical expectations O rational expectations

Answers

D).Rational Expectations most likely caused housing prices to fall after the media reported on the subprime mortgage crisis.

Rational Expectations Theory is a branch of New Classical Economics that holds that people form their expectations about the future based on their understanding of the current economic environment. This theory states that people will make decisions based on their expectations of the future, rather than on past experiences.

In this case, when the media reported about the subprime mortgage crisis, people would have become aware of the risks associated with investing in the housing market and would have formed expectations that housing prices would fall.

As a result, people would have been less likely to invest in the housing market, leading to a decrease in demand and a subsequent decrease in housing prices. Therefore, the correct option is d.

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Compute cost of goods sold using the following information.


Finished goods inventory, beginning $ 600
Cost of goods manufactured 5,520
Finished goods inventory, ending 1,500

Answers

1500 that’s what I was thinking of

Manufacturing a shoe manufacturer spends $2. 50 to make sandals and $4 to make running shoes. During a typical month, they spend $2500 manufacturing sandals and running shoes. During the month of april, they double the pairs of sandals manufactured and spend a total of $3000.

Answers

MANUFACTURING Sandals cost $2.50 to create and $4 to make by a shoe manufacturer. The average monthly expenditure is $2500.

Which sandal is most suitable for everyday use?

Which sandal is the most suitable for daily use? Leather sandals can be worn every day and are incredibly durable. Additionally, some of the greatest leather sandals are constructed with premium leather that is comfortable for your feet. Flip flops and sandals frequently provide little to no ankle and arch support. This lack of support can cause pain to develop, and it may even increase your risk of accidents like ankle sprains.

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A firm has a P/E ratio of 12 and a ROE of 13% and a market to book value of what?

Answers

Answer:

1.56

Explanation:

Calculation for the market-to-book value

First step is to calculate for the P/E ratio

P/E ratio=1/12

P/E ratio= 0.0833

Now let find the market-to-book value using this formula

Market-to-book value = ROE percentage/P/E ratio

Let plug in the formula

Market-to-book value=0.13/0.0833

Market-to-book value= 1.56

Therefore the Market-to-book value will be 1.56

The market to book value is 1.56.

The calculation is as follows:

ROE = Net income ÷ Book Value of shareholders equity

P/E = (Price per share ) ÷ (EPS per share)

or P/E =  Market Capitalization ÷ Net Income

So,  

12 = Price ÷ Net Income

Price = 12 Net Income-------------Equation 1

Now

0.13 = Net Income ÷ Book Value of shareholders equity

Book Value = Net Income ÷ 0.13----------------Equation 2

Now

Market/ Book Value = 12 Net Income ÷ Net Income/0.13

 = 12  × 0.13

= 1.56

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prepare alist 10 resources the are free gifts if natural but they are limited supply and have aprice​

Answers

Water - Although water is a free gift of nature, it is a limited resource in many regions, and its scarcity can lead to high prices for access or treatment.
Oil - Oil is a limited natural resource that is extracted and sold at a price.
Natural Gas - Like oil, natural gas is a limited resource that is extracted and sold at a price.
Coal - Coal is a limited natural resource that is mined and sold at a price.
Timber - Timber is a limited natural resource that is harvested and sold at a price.
Fish - Fish are a limited natural resource that are caught and sold at a price.
Minerals - Minerals such as gold, silver, and copper are limited natural resources that are mined and sold at a price.
Land - Land is a limited natural resource that is often sold at a price or leased for a fee.
Sunlight - Sunlight is a free natural resource, but the technology to harness it, such as solar panels, can be expensive.
Air - Air is a free natural resource, but it can be limited in quality due to pollution. Clean air can be expensive to produce, through methods such as air purification systems.

Which solutions would be appropriate for everyone in the Spenders group?

Which solutions would be appropriate for everyone in the Spenders group?

Answers

Svings and investments would be a  appropriate for everyone in the Spenders group

Who is regarded as a spender?

In general, a "spender" refers to an individual who has a tendency or reputation for spending money freely and extravagantly. It often implies a person who may have a higher inclination to consume and purchase goods or services rather than save or invest.

The term "spender" can be subjective and may vary depending on the context. It is not specific to any particular individual but rather describes a general behavior or characteristic related to financial habits.

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Discuss the challenge created for financial accountants by the presence of uncertainty.

Answers

Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.

The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:

Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.

Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.

Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.

Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.

Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.

This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.

Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.

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