Answer:
Use case modeling
Explanation:
Use case modeling is a process for identifying and modeling business events, who initiated them, and how the system should respond to them.
It shows the interaction between the different users in a system when solving problems. It's major advantage is that it gives a description of everything that might go wrong.
8. Wayne is an insurance company's AML compliance officer. He has been asked by FinCEN to provide the agency with a copy of the company's AML policy. What should Wayne do
Based on the information given about the insurance company, the thing that Wayne should do is D. Immediately provide a copy of the company's AML policy as requested.
It should be noted that the anti laundering policy helps financial institutions in combatting money laundering.
Since the insurance company's AML compliance officer has been asked by FinCEN to provide the agency with a copy of the company's AML policy, he should immediately provide a copy of the company's AML policy as requested.
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Which of the following is NOT a position in the Administrative Support pathway?
Receptionist
Teacher
Administrative Assistant
Medical Transcriptionist
The teacher is the position that is not found in the Administrative Support pathway.
What is the Administrative Support pathway?This is the term that is used to refer to all of the occupations that can help to facilitate the different operations that would be done in an organization that would have to do with a variety of duties that may involve the communication and the information centers, the duties of processing data and its collection and all that has to do with the tracking of projects.
Hence we would say that The teacher is the position that is not found in the Administrative Support pathway.
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What is the definition of minimum wage?
Answer:
Minimum wage i sthe lowest amoun that an employer can pay you per hour and they can not go lower than this number
Explanation:
Brainliest please
the lowest hourly pay that workers can receive
Can someone explain this to me?
Since inflation is already factored into the data, what is the most likely reason that the costs of a doctorate degree rise to such a high level?
The rate at which prices increase over a specific time period is known as inflation.
What is the meaning of Inflation?Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
Although low inflation might be detrimental, both levels can hurt the economy. The Fed will adopt the opposite strategy when the economy is having trouble or inflation is too low by cutting interest rates or purchasing assets to boost cash flow.
The main cost of inflation is the erosion of real income, which occurs when prices rise unevenly and cause some customers' purchasing power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.
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How is productivity different in a goods-producing occupation and in a service-
providing occupation?
Answer:
Productivity for goods-producing tend to have a more simple variables for measurement. This might not be the case for service-providing occupations.
For goods producing occupation, productivity usually measured by two standards alone: The numbers of goods produced and the numbers of defect. A company will be considered to have good productivity if it has High number goods produced and the low defects.
For service-providing occupation, this measurement can be a bit more complicated.
Services usually depended on the type of costumers. A service that considered as 'satisfactory' by one costumers will not necessarily perceive the same way by the other customers. (For example, let's say that you work work as a barber and give 1 same hair style to two different customers. One customers might completely love your work while the other might completely hate it. Even if you're producing one same hair style )
This make measuring productivity for service industries become harder compared to manufacturing industry.
What helps keep inflation under control
Answer:
money
Explanation:
money does the job oka
which of the following is a smart way to save on college tuition?
A. Bargain with the admissions office.
B. Go straight to a 4 year college
C.Attend winter and summer sessions as well as regular semesters
D. Take you time
Answer:
C. Attend winter and summer sessions as well as regular semesters
Explanation:
Attend winter and summer sessions as well as regular semesters of the following is a smart way to save on college tuition. Thus, option (c) is correct.
What is college?The term “college” refers to an educational institute. The students are expected to learn and educate on a specific topic. The college is part of the university. A college provides the degree of the students who clear the sessions. The college students are learning something on the course.
A person was to save the college tuition fees was the smart trick to save the money.
Attend winter and summer sessionsThe attend the semester class on the regular basis. The attend the part time job.The self studies.As a result, the winter and summer sessions as well as regular semesters. Therefore, option (c) is correct.
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limited liability companies and limited liability partnerships share which of the following characteristics?
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation.
What is liability?
A liability, in general, is an obligation between two parties that hasn't been fulfilled or paid for. A financial liability is an obligation in the world of accounting, but it is more specifically characterised by prior business transactions, events, sales, exchanges of goods or services, or anything else that will generate income in the future. Non-current liabilities are typically viewed as long-term obligations since they are anticipated to last more than a year (12 months or greater).
Depending on their temporality, liabilities are classed as current or non-current. They might be a future responsibility to provide a service to someone else (a short-term or long-term loan from a bank, a person, or another organization) or a past deal that left an unresolved duty.
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Which of the following is an example of a non-profit organization?
a. Home Depot
b. YMCA
c. Sports Authority
d. Kroger
Answer:
They, along with thousands of other nonprofits, receive regular donations of products from The Home Depot. Since 2008, The Home Depot and The Home Depot Foundation have worked with Good360 to distribute millions of dollars in product to nonprofit organizations that use the materials to help those in need.
A. Home Depot
Explanation:
Answer:
YMCA is a nonprofit organization
Your interest rate is compounded annually ,beginning balance $1166.40 annual rate 8%, how much will you earn in interest alone?
You will earn $93.31 in interest alone.
To calculate the amount of interest you will earn, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the final amount
P = the principal amount (beginning balance)
r = annual interest rate (in decimal form)
n = number of times interest is compounded per year
t = number of years
In this case, the beginning balance is $1166.40, the annual interest rate is 8%, and the interest is compounded annually.
First, we need to convert the annual interest rate to a decimal form by dividing it by 100: 8% / 100 = 0.08.
Next, we substitute the values into the formula:
A = 1166.40(1 + 0.08/1)^(1*1)
Simplifying the equation, we have:
A = 1166.40(1.08)
Now, we can calculate the final amount
A = $1166.40 * 1.08
A = $1259.71
To find the amount of interest earned, we subtract the principal amount (beginning balance) from the final amount:
Interest earned = $1259.71 - $1166.40
Interest earned = $93.31
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Why does the scientific method not follow an exact order?
Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
What is an scientific method?Making an observation, formulating a hypothesis, making a prediction, carrying out an experiment, and then evaluating the findings are the fundamental steps. The scientific method's principles can be used in various contexts, including business, technology, and scientific study.
A set of steps are used in the scientific process to establish facts or generate knowledge. The general procedure is generally known, but depending on what is being examined and who is performing it, each step's specifics may alter. Only questions that can be tested and either proven true or false can be answered using the scientific method.
Therefore, Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
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Question 11 of 20
Tim, a high school junior, has started his first job working as a lifeguard over
the summer. He plans to save the money he earns to help pay for living
expenses when he's in college. What type account should Tim set up?
A. A saving account
B. A certificate of deposit account
C. A money market account
OD. A checking account
The type of account that Tim should set up would be A. A savings account.
Why is this the best account ?Individuals seeking to save their finances over a certain period and earn interest on them may opt for the savings account type. These savings accounts often feature lower interest rates, yet compensate through easy availability of funds and absence or minimal fees.
In Tim's case, his objective to save up for college expenses could be easily achieved with such an account thanks to its potential to earn returns while also allowing him quick access to his money without excessive charges.
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Production is an example of a marketing activity.
Question 1 options:
True
False
pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
The name of the career - Computer engineering
The information I have learned on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.
The Education a person needs to get this type of job is: Bachelor's Degree
The Skills a person needs to get this type of job are:
Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovationThe people in this job use a lot of technology as they are actively involve in its production.
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm
What should an IT engineer possess?A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.
To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.
Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.
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Entertainer's Aid plans five annual colossal concerts, each in a different nation's capital. The concerts will raise funds for an endowment which would provide the World Wide Hunger Fund with $3,000,000 per year into perpetuity. The endowment will be given at the end of the fifth year. The rate of interest is expected to be 9 percent in all future periods. How much must Entertainer's Aid deposit each year to accumulate to the required amount
Answer: $5,569,758.43
Explanation:
First you need to find the present value of the Perpetuity at the end of the fifth year.
Present value of Perpetuity = Amount / Interest rate
= 3,000,000 / 9%
= $33,333,333.33
Given an interest rate of 9%, Entertainer's aid should deposit an amount per year that would lead to the endowment having $33,333,333.33 at the end of the fifth year.
Future value of annuity = Annuity * Future value of annuity interest factor, 9%, 5 years
33,333,333.33 = Annuity * 5.9847
Annuity = 33,333,333.33 / 5.9847
= $5,569,758.43
discuss the pillars of government sector supply chain management.
Answer:
Pillar 1 – Vulnerability. ...
Pillar 2 – Management Culture. ...
Pillar 3 – Procurement. ...
Pillar 4 – Operations. ...
Pillar 5 – Demand & Visibility.
Explanation:
hope it's helpful to you
The Martinez Company has just completed a physical inventory count at year end, December 31, 2022. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to $81,600. During the audit, the independent CPA discovered the following additional information: There were goods in transit on December 31, 2022, from a supplier with terms FOB destination, costing $9,800. Because the goods had not arrived, they were excluded from the physical inventory count. On December 27, 2022, a regular customer purchased goods for cash amounting to $1,150 and had them shipped to a bonded warehouse for temporary storage on December 28, 2022. The goods were shipped via common carrier with terms FOB shipping point. The customer picked the goods up from the warehouse on January 4, 2023. Martinez Company had paid $575 for the goods and, because they were in storage, Martinez included them in the physical inventory count. Martinez Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $3,500, had been delivered to the transportation company on December 28, 2022; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2022, it was excluded from the physical inventory. On December 31, 2022, there were goods in transit to customers, with terms FOB shipping point, amounting to $760 (expected delivery on January 8, 2023). Because the goods had been shipped, they were excluded from the physical inventory count. On December 31, 2022, Martinez Company shipped $2,400 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2023. Because the goods were not on hand, they were not included in the physical inventory count. Martinez Company, as the consignee, had goods on consignment that cost $2,700. Because these goods were on hand as of December 31, 2022, they were included in the physical inventory count.
Answer:
the correct balance for the inventory account should be $81,600 + $2,625 = $84,225
Explanation:
There were goods in transit on December 31, 2022, from a supplier with terms FOB destination, costing $9,800. Because the goods had not arrived, they were excluded from the physical inventory count. ⇒ CORRECT, NO ADJUSTMENT NEEDED
On December 27, 2022, a regular customer purchased goods for cash amounting to $1,150 and had them shipped to a bonded warehouse for temporary storage on December 28, 2022. The goods were shipped via common carrier with terms FOB shipping point. The customer picked the goods up from the warehouse on January 4, 2023. Martinez Company had paid $575 for the goods and, because they were in storage, Martinez included them in the physical inventory count. ⇒ INCORRECT, INVENTORY SHOULD DECREASE BY $575 SINCE THE GOODS BELONGED TO THE CLIENT
Martinez Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $3,500, had been delivered to the transportation company on December 28, 2022; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2022, it was excluded from the physical inventory. ⇒ INCORRECT, INVENTORY SHOULD INCREASE BY $3,500 SINCE THE GOODS BELONGED TO MARTINEZ COMPANY
On December 31, 2022, there were goods in transit to customers, with terms FOB shipping point, amounting to $760 (expected delivery on January 8, 2023). Because the goods had been shipped, they were excluded from the physical inventory count. ⇒ CORRECT, NO ADJUSTMENT NEEDED
On December 31, 2022, Martinez Company shipped $2,400 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2023. Because the goods were not on hand, they were not included in the physical inventory count. ⇒ INCORRECT, INVENTORY SHOULD INCREASE BY $2,400 SINCE THE GOODS BELONGED TO MARTINEZ COMPANY
Martinez Company, as the consignee, had goods on consignment that cost $2,700. Because these goods were on hand as of December 31, 2022, they were included in the physical inventory count. ⇒ INCORRECT, INVENTORY SHOULD DECREASE BY $2,700 SINCE THE GOODS BELONGED TO THE CONSIGNOR
[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.
The elasticity of supply for televisions: 2. less elastic than supply in the market for televisions.
To calculate the elasticity of supply, we use the midpoint formula, which is given by:
Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)
First, we need to calculate the percentage change in quantity supplied:
Change in quantity supplied = New quantity supplied - Initial quantity supplied
Change in quantity supplied for televisions = 800 - 1,000 = -200
Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100
Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%
Next, we calculate the percentage change in price:
Change in price = New price - Initial price
Change in price = $1,200 - $800 = $400
Percentage change in price = (Change in price / Initial price) * 100
Percentage change in price = ($400 / $800) * 100 = 50%
Now, we can calculate the elasticity of supply for televisions:
Elasticity of Supply = (-20% / 50%) = -0.4
The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.
The answer is: 2. less elastic than supply in the market for televisions.
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Complete question:
Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.
Supply in the market for smartphones is
the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.Based on the evidence available to you, which investment opportunity is more likely to be fraudulent? What are the true risks of investment with this company, and does the company accurately describe these risks? What are the potential returns on an investment, and does the company accurately describe these returns?
It is important to note that any investment opportunity can be risky, and investors should always conduct thorough the research and seek professional advice before making any investment decisions.
What is an investment?Investment refers to the act of allocating resources, such as money, time, or effort, with the expectation of generating a profitable return in the future. Investments can take many forms, including stocks, bonds, real estate, mutual funds, and businesses. Investors aim to grow their wealth over time by investing in assets that will appreciate in value, generate income, or both. However, investing also carries risks, such as market fluctuations, economic downturns, and unforeseen events that can impact the value of investments. To make informed investment decisions, investors need to conduct research, analyze data, and evaluate the potential risks and rewards of different investment opportunities. Diversification, asset allocation, and a long-term investment horizon are some of the strategies used to manage risk and optimize returns.
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What are some large-scale economic shifts that have created our present service economy
The capitalist system in the United States is one of the large-scale economic shifts that have created our present service economy
What is meant by an economic shift?Economic change, which can be characterized as a change in the economy's structure, policies, or growth, is one of the external factors that influence company decision-making.
Every country's economy has expansionary and contractionary eras. The levels of employment, productivity, and the overall demand and supply of the country's goods and services are what lead to these changes. These adjustments cause short-term expansionary and deflationary episodes.
An economic system known as a service economy is one in which the provision of services, as opposed to the production of products, is the primary activity. Road construction, medical treatment, food, lodging, and other professional services are some of these services.
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Relevance has always been the challenge of the advertising industry. Summarize Kristi Roger's assessment of the advertising industry in her Ted Talk. Considering her hypothesis and results, what are some implications for marketing managers as they seek to improve the ROI of marketing expenditures on all forms of marketing communications
Answer:
Advertising is a paid sort of promotion utilized by organizations for product promotion, hence being of a vital usage and a significant part in organizations. The achievement of any firm is reliant on the correct sort of advertising channels utilized.
Explanation:
In her Ted talk, it is clear Kristi Roger had conducted an extraordinary advertising analysis, in this way contending that relevance is a fundamental factor assuming an enormous part in advertising. She contends that the planned message of promotion should contact the perfect person at the perfect time. To guarantee this assertion is accomplished, an advertiser has the obligation to utilize the correct technology undeniably to make a pertinent directive for the correct crowd.
In addition, marketing managers are obligated to recognize the significant challenges in the market. They ought to get updated changes occurring in the market to stay away from any significant impacts on the Return On Investment (ROI).
To profit more from advertising, marketing managers should recruit the ideal person who is acceptable in quantitative skills rather than creative skills in light of the fact that the market analysis is of more significance than benefiting creative products into the market. A person with extraordinary quantitative skills can examine the market situations appropriately, henceforth s/he can dispose of a portion of the cycles that occur in computerized crusade improvement. To carry extraordinary outcomes to the organization, quantitative specialists guarantee important advertisements contact the perfect person at the perfect time.
what is local business
Answer:
Any company that provides goods or services to a local population
I hope this helps and answers your question ^^
2. lamafor-profit public company owned byshareholders who have purchased company stock.
Whataml? (Bank, credit union, or both)
Although both financial institutions perform similar functions, they provide different benefits to their members. The most significant distinction between a bank and a credit union is that a bank is a for-profit institution, whereas a credit union is a non-profit institution.
What is the distinction between a bank and a credit union?Credit unions will almost certainly provide you with lower-cost services as well as better interest rate options for both loans and deposits. Banks will most likely offer more services and products, as well as more advanced technology. The disadvantages of credit unions include: membership eligibility requirements and the payment of a member fee, fewer products and services, and a limited number of branches and ATMs. If the benefits outweigh the drawbacks, joining a credit union may be the best option for you. Credit unions exist to improve the lives of their members. Credit union profits are returned to members in the form of lower fees, higher savings rates, and lower loan rates.To ;learn more about Credit unions, refer to:
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After completing a career search Patrick has decided that he wants to be a paralegal which two skills or abilities are important for him to have in order to excel in this career
A.Research skills be
B.analytical thinking skills
C.creative thinking skills
D.math skills
Label the parts of the Supply & Demand Curve. Demand Supply Equilibrium Price Quantity
The law of supply and demand is the foundation of microeconomics. In this system, supply refers to the amount of a particular product or service that businesses are prepared to provide, while demand refers to the amount of the same product or service that consumers want to purchase.
Supply and Demand Curve Labeling Demand curve: The quantity of a good that consumers are willing to purchase at a given price point is known as the demand curve. Demand curves are usually drawn downward-sloping because as the price of a good rises, consumers become less willing to pay for it.
Supply curve: The quantity of a good that businesses are prepared to offer at a particular price point is known as the supply curve. Because businesses are more likely to provide additional goods if the price of those goods is high, supply curves are often upward-sloping.
Equilibrium point: The price at which the amount of a good that consumers are willing to buy is equal to the amount of that good that businesses are prepared to supply is known as the equilibrium point. In other words, it's the point where the supply and demand curves intersect.
Quantity: The quantity of goods that are supplied and demanded at the equilibrium point is the quantity.In conclusion, the supply curve illustrates the relationship between price and quantity supplied, whereas the demand curve illustrates the relationship between price and quantity demanded.
The equilibrium price and quantity can be found where the two curves intersect.
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Three years ago, Cornelius Matthews purchased 500 shares in the Vanguard Dividend Growth fund - a Morningstar five-star fund that invests in corporations that are currently paying dividends and is a fund that will provide a steady stream of dividend income. His rationale fort choosing this fund was that he wanted a fund that was conservative and highly rated. Each share in the fund cost $22. At the end of the three years, he received income dividends and capital gain distributions that total $3.62 a share for the three-year period. At the end of the three years, the shares in the fund were selling for $27.
How much did Mr. Matthews invest in this fund?
A$11,000
B$13,500
C$5.14
D$3.62
Mr. Matthews' investment in the Vanguard Dividend Growth fund was (A) $11,000
To determine how much Mr. Matthews invested in the Vanguard Dividend Growth fund, we need to calculate the cost of the initial investment of 500 shares at $22 per share:
500 shares x $22 per share = $11,000
Therefore, Mr. Matthews invested $11,000 in the fund.
We are also told that Mr. Matthews received income dividends and capital gain distributions that total $3.62 per share for the three-year period. To determine the total amount of dividends and distributions received, we can multiply $3.62 per share by 500 shares and by 3 years:
$3.62 per share x 500 shares x 3 years = $5,430
Therefore, Mr. Matthews received $5,430 in income dividends and capital gain distributions over the three-year period.
Finally, we are told that the shares in the fund were selling for $27 at the end of the three years. To determine the value of Mr. Matthews' investment at the end of the three years, we can multiply the current share price by the number of shares he owns:
500 shares x $27 per share = $13,500
Therefore, Mr. Matthews' investment in the Vanguard Dividend Growth fund was $11,000, and the value of his investment at the end of the three years was $13,500.
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Assessment
Which of the following is an example of investing in yourself?
A. Taking the time to learn how to create a budget.
B. Investing your money in the stock market.
C. Planning out your financial goals.
D. Signing up for an online class.
10/10
Answer:
A
Explanation:
The reason is because you can learn new techniques on money saving and budgeting.
Wherry Furnishings uses job order costing. The company has a contract to deliver furniture to a hotel. The hotel has 60 basic hotel rooms that each need two double beds and 15 suites that each need one king size bed. Each basic hotel room has direct material costs of $400 and direct labor costs of $250. Each suite has direct material costs of $350 and direct labor costs of $175. For all rooms, overhead was 50% of direct labor cost. Wherry started the project in January and by the end of the month had completed 34 basic rooms and 8 suites. Neither Work in Process nor Finished Goods had a beginning balance. What was Wherry’s Finished Goods Inventory account balance on January 31?
Answer:
$31,250
Explanation:
basic rooms = 60
cost per basic room:
direct materials $400
direct labor $250
overhead $125
cost per basic room = $775
suites = 15
cost per suite:
direct materials $350
direct labor $175
overhead $87.50
cost per suite = $612.50
finished goods inventory account balance at the end of January = ($775 x 34 basic rooms) + ($612.50 x 8 suites) = $26,350 + $4,900 = $31,250
Perez Company and Rundle Company both apply overhead to the Work in Process Inventory account using direct labor hours. The following information is available for both companies for the year.
Perez Company Rundle Company
Actual manufacturing overhead $ 135,100 $ 268,450
Actual direct labor hours 22,000 27,000
Underapplied overhead 16,000
Overapplied overhead $ 25,500
Compute the predetermined overhead rate for each company.
Using T-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial.
To determine the predefined overhead rate for each business, we divide the anticipated overhead costs by the anticipated activity base. In this case, the direct labour hours used by both enterprises serve as the activity base.
How can you determine whether manufacturing overhead is being used too much or too little?In order to determine whether manufacturing overhead was applied too much or too little over the course of time, the cost account of the company must equal the manufacturing overhead account. If credits exceed debits, overhead was overapplied; if debits exceed credits, it was underapplied.
Regarding Perez Company:
Expected direct work hours / estimated overhead costs equals the predetermined overhead rate.
The actual overhead rate and the actual direct labour hours can be used to determine the estimated overhead costs, which are not provided.
Real overhead expenses are equal to (Actual direct labour hours / Expected direct labour hours) / Actual overhead costs.
= $135,100 / (22,000 / 22,000) = $135,100
Predetermined overhead rate = $135,100 / 22,000 = $6.14 per direct labor hour
Regarding Rundle Company:
= $268,450 / (27,000 / 27,000) = $268,450
Predetermined overhead rate = $268,450 / 27,000 = $9.94 per direct labor hour
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Name three jobs in insurance
Answer:
Claims adjuster
Risk consultant