The predetermined overhead rate for Tescott Company is $16 per direct labor hour, the predetermined overhead rate for Heizer Company is $25 per direct labor hour
To calculate the predetermined overhead rate for each company, we need to divide the actual manufacturing overhead by the actual direct labor hours.
For Tescott Company:
Predetermined overhead rate = Actual manufacturing overhead / Actual direct labor hours
Predetermined overhead rate = $320,000 / 20,000 = $16 per direct labor hour
Therefore, the predetermined overhead rate for Tescott Company is $16 per direct labor hour.
For Heizer Company:
Predetermined overhead rate = Actual manufacturing overhead / Actual direct labor hours
Predetermined overhead rate = $600,000 / 24,000 = $25 per direct labor hour
Therefore, the predetermined overhead rate for Heizer Company is $25 per direct labor hour.
Note: The underapplied or overapplied overhead values provided do not affect the calculation of the predetermined overhead rate. They represent the difference between the actual overhead incurred and the overhead applied to the Work in Process Inventory account.
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Complete Question:
Tescott Company and Heizer 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:
Tescott Company Heizer Company
Actual manufacturing overhead $ 320,000 $ 600,000
Actual direct labor hours 20,000 24,000
Underapplied overhead 24,000
Overapplied overhead 48,000
Compute the predetermined overhead rate for each company.
What is the purpose of the sinking fund?
The purpose of a sinking fund is to set aside money over time to repay a debt or fund future obligations. It involves making regular contributions into a separate account or fund, which is dedicated to fulfilling specific financial commitments.
A sinking fund serves multiple functions. Firstly, it ensures that funds are available when a debt or obligation becomes due, reducing the risk of default or financial strain. By setting aside money in advance, organizations or individuals can avoid sudden liquidity issues or the need to borrow additional funds. Secondly, a sinking fund can help manage and reduce debt over time. By consistently contributing to the fund, the debt balance can be gradually reduced or completely eliminated when the obligation matures. This can lead to improved financial stability and lower interest expenses.
Overall, a sinking fund provides a structured approach to financial planning by allocating resources towards future financial obligations. It offers a proactive strategy to meet debt repayment or other financial commitments, reducing risk and promoting long-term financial health.
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____ involves estimating the number of work periods that are needed to complete individual activities.
The term you are referring to is "activity duration estimation." Activity duration estimation involves estimating the number of work periods that are needed to complete individual activities. This is an important step in project planning and scheduling.
Activity duration estimation is a process in project management where the project team estimates the time required to complete each individual activity within a project. This estimation helps in creating a realistic project schedule and determining the overall project duration. To estimate the activity duration, the project team considers various factors such as the complexity of the task, availability of resources, historical data from similar projects, and the expertise of the team members. Techniques such as expert judgment, analogous estimation, parametric estimation, and three-point estimation can be used for activity duration estimation.
By estimating the activity duration accurately, project managers can allocate resources effectively, identify critical paths, and ensure that the project is completed within the desired timeframe. This estimation process is an essential part of project planning and helps in managing project timelines effectively. In conclusion, activity duration estimation involves estimating the number of work periods needed to complete individual activities in a project. It is an important step in project planning and scheduling, helping project managers allocate resources and manage project timelines effectively.
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A bank's balance sheet follows the accounting format that "Assets = _______________ + Net Worth" Liabilities
Excess
Interest rate
A bank's balance sheet follows the accounting format that "Assets = Liabilities + Net Worth".
A bank's balance sheet is a financial statement that provides a snapshot of the bank's assets, liabilities, and net worth at a particular point in time. The accounting format for a bank's balance sheet is "Assets = Liabilities + Net Worth."
In this equation, assets represent the economic resources that the bank owns or controls and that provide future benefits, such as cash, loans, securities, and physical property. Liabilities represent the bank's obligations to repay borrowed funds or other debts, such as deposits, loans from other banks, and bonds. Net worth represents the bank's equity or ownership interest, which is the difference between its assets and liabilities.
The balance sheet equation must always balance, meaning that the total value of the assets must equal the total value of the liabilities and net worth. This reflects the fundamental accounting principle of double-entry bookkeeping, which requires that every transaction have an equal and opposite effect on both sides of the balance sheet.
The balance sheet is an essential financial statement that provides valuable information about a bank's financial position, liquidity, and solvency. It is used by investors, regulators, and other stakeholders to assess the bank's risk profile, performance, and ability to meet its obligations.
By following the accounting format of "Assets = Liabilities + Net Worth," a bank can ensure that its balance sheet accurately reflects its financial condition and meets regulatory requirements.
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a motivation tool that attempts to provide workers with more tasks and more control over these tasks is a. job rotation. b. employee participation. c. compressed work schedules. d. job enrichment. e. modified work weeks.
C) Job enrichment.
Job enrichment is a motivation tool that involves giving workers more tasks and more control over these tasks in order to increase their sense of responsibility and challenge in their work.
What distinguishes job enrichment from job expansion?Job enrichment is the process of adding interest to employment so that workers love their work. It has been in use for many years. A practice known as "job enlargement" involves increasing someone's duties beyond what they previously had. Additionally known as horizontal growth.
What number of steps comprise job enrichment?Frederick thought that the idea of job enrichment could aid in addressing motivating requirements. In the second dimension of his theory, he describes this. And he thought that five factors—skill variety, job identity, task relevance, autonomy, and feedback—affect an employee's degree of motivation.
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the concept of sae programs follow which association’s goals?
a. National Agriculture Education
b. Supervised Agricultural Experiences
c. An all expense paid trip to Washington.
d. (SAE) programs
The SAE program's design reflects the goals of the (A) National Agriculture Education Association.
What are SAE programs?In a school-based agricultural, food, and natural resources program, a Supervised Agricultural Experience (SAE) is a structured experience and work-based learning opportunity that takes place in a setting outside of regular school hours in order to improve an individual student's industry.
There are three main categories of research SAE programs: analytical, experimental, and inventive.
The ideals of the National Agriculture Education Association are reflected in the SAE program's concept.
A student's project must have all four of the following criteria in order to qualify as an SAE: it must be planned, developed, managed, and overseen.
Professionals in engineering disciplines related to transportation, such as automotive, aerospace, and commercial vehicles, produced SAE standards.
Therefore, the SAE program's design reflects the goals of the (A) National Agriculture Education Association.
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who is ur top 3 favorite presidents
Answer:
George Washingto, Abraham Lincol, joe Biden
Explanation:
20 points!
Which sentence indicates that Brian has instituted a loyalty program?
(1) Brian runs a juice bar that sells fresh juice products. (2) He hopes customers will drink the juices to stay healthy. (3) He offers a free juice for every customer who buys nine juices. (4) He also advertises the health benefits of fresh juice. (5) He hopes such an advertisement will attract new customers.
Answer:
So, the correct option is (3) He offers a free juice for every customer who buys nine juices.
Explanation:
A customer loyalty program or rewards program is a marketing strategy that rewards loyal customers that frequently engage with a brand.
So, the correct option is (3) He offers a free juice for every customer who buys nine juices.
Answer:
Offers free juice.....
Explanation:
correct on test
Discuss how "The Cheesecake Factory" approaches and manages ethical issues.
Discuss a recent ethical issue involving "The Cheesecake Factory" and their management of the issue.
The Cheesecake Factory is committed to ethical business practices and approaches ethical issues with a comprehensive framework.
They prioritize integrity, fairness, and transparency in their operations. The company maintains a strong code of conduct that outlines expected behaviors and ethical standards for employees at all levels. They emphasize training and education to ensure employees understand and adhere to ethical guidelines. The Cheesecake Factory also encourages open communication, providing channels for employees to report any ethical concerns or violations. By fostering a culture of accountability and responsibility, The Cheesecake Factory strives to address ethical issues promptly and appropriately, safeguarding their reputation and maintaining trust with stakeholders.
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Which defines room and board? (1 point)
O housing and meals that are often provided at additional cost
O a school that provides training in a specific skill or trade
O an educational institution or establishment, in particular one providing higher education
O monetary support that is used to help pay educational costs
In contrast to a variety of non formal and informal methods of socialization, education is the field that is concerned with the methods of teaching and learning in schools or environments that resemble schools.
What differentiates knowledge from education?
Knowledge and education are not the same thing. Knowledge is what you know, while education is how you learn it. The facts and information you can remember and use is called knowledge. Education is how we learn new things.
Equity and equality in education, what do you mean?
A system of equality treats everyone the same without giving any consideration to their requirements or needs. As a result, equity is a situation in which every person, regardless of their individual differences, receives the same rights and opportunities.
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Answer:
O housing and meals that are often provided at additional cost
Explanation:
“Room” in Room and Board, meaning
The “room” part can be taken literally it’s basically your college bedroom
and Board refers to the meal plan meaning somewhere that supplies food.
Boom easy answer
What is true about expense ratios for fees charged to manage mutual fund accounts?
Answer:
A lower percentage ratio indicates more money has been invested to make money for the customer
Explanation:
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Mauro products distributes a single product, a woven basket whose selling price is $15 per unit and whose variable expense is $12 per unit. the company’s monthly fixed expense is $4,200.
Required: 1. Calculate the company's break-even point in unit sales. 2 Calculate the company's break-even point in dollar sales
Required: 1. The company's break-even point in unit sales is 1,400 units.
Required 2: The company's break-even point in dollar sales is $21,000
To calculate the break-even point in unit sales, we need to determine how many units the company needs to sell to cover its fixed and variable costs. This can be done using the following formula:
Break-even point (in units) = Fixed expenses ÷ (Selling price per unit - Variable expenses per unit)
In this case, the fixed expense is $4,200, the selling price per unit is $15, and the variable expense per unit is $12. Plugging these values into the formula, we get:
Break-even point (in units) = $4,200 ÷ ($15 - $12) = 1,400 units
This means that Mauro Products needs to sell 1,400 baskets to cover its fixed and variable costs and break even.
To calculate the break-even point in dollar sales, we need to determine the total sales revenue required to cover the fixed and variable costs. This can be done using the following formula:
Break-even point (in dollars) = Break-even point (in units) x Selling price per unit
In this case, the break-even point (in units) is 1,400 units and the selling price per unit is $15. Plugging these values into the formula, we get:
Break-even point (in dollars) = 1,400 units x $15 = $21,000
This means that Mauro Products needs to generate $21,000 in sales revenue to cover its fixed and variable costs and break even.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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the gravity that draws economic activities together into cities is demand for.............
The main driver of economic activity is the demand for nearby and easily accessible resources.
How is the expansion and contraction of cities explained by the economic foundation theory?The basic tenet of the export base theory states that a city's or region's economic growth is based on the extent of its export activity, or the degree of effective external demand for the goods and services supplied by its resident population.
What of the following best describes the typical economic ups and downs?Business cycle is the word economists use to characterize an economy's ups and downs or variations. The phrase more particularly refers to the varying amounts of economic activity throughout a time frame calculated from the start of one slump to the start of the next.
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Which of the following is an example of an economic want: Group of answer choices Conversation Clothing Understanding Fresh air
Answer:
Clothing
Explanation:
Without ____, it would be impossible to stay in business.
Group of answer choices
growth
profit
IPO
marketing
strategy
Which of the following describes the two different types of interest rates offered on home mortgages?
A: Fixed and variable
B: Timed and untimed
C: High and low
D: Year or decade
The two different types of interest rates offered on home mortgages is A) Fixed and variable.
A loan is a financing settlement between a lender and a borrower, where the latter borrows a positive amount of money and repays it over a period of time. A mortgage, or home mortgage, is a sort of mortgage used to shop for real estate, and secured with the aid of the purchased land or house.
Even along with the association charges, a loan continues to be probable to be less expensive than getting rid of a non-public loan. However, to be virtually certain of which would come up with the higher deal you want to evaluate the total value of borrowing - consisting of association charges for the mortgages - of the two styles of a mortgage.
A mortgage is an agreement between you and a lender that gives the lender the proper to take your private home if you fail to pay off the money you've borrowed plus interest. Loan loans are used to shop for a domestic or to borrow money towards the cost of a home you already personal.
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a) Discuss the 3 parameters used in measuring the quantity of money b) A small town producing only Rice and Fanta, sells 30 bags of rice and 70 bottles of Fanta in a given time period. A bag of rice costs 6000 Naira while a bottle of Fanta costs 200 Naira. i) Calculate the total naira exchanged in that time period
a) Discuss the 3 parameters used in measuring the quantity of money Money supply refers to the amount of money available in an economy at a given time. It is essential to regulate the money supply to ensure stability and growth. Three parameters used to measure the quantity of money are as follows:
1. M0 - It refers to the physical currency in circulation in an economy, including the currency in commercial banks and the central bank. It is also called the narrowest definition of money supply.2. M1 - It is the broader definition of money supply than M0.
M1 includes physical currency in circulation, demand deposits, and other deposits that can be easily converted into cash.3. M2 - M2 is the broadest measure of money supply and includes all components of M1 plus time deposits, savings deposits, and other deposits that have a maturity of less than two years. M2 provides a comprehensive view of the money supply in the economy.
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What conditions would affect how much people would use your business?
The business is and Ice Cream Shop.
Answer:
restaurant
like pandemic all small restaurant is closed the business is bankcrap
Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
Answer: a. Making authorized commitments
Explanation:
Executive Orders 12674 and 12731 (which amended 12674) of 1989 and 1990 respectively, were signed by President Bush with the purpose of setting forth the principles of ethical conduct that were required of Federal Government Officers and Employees.
These principles were meant to ensure that government officials and employees abstained from Abuse of power whilst working in such a way as not to bring disrepute to the Federal Government.
All of the above are violations of the Order except option A which is stated in Part I Section 101 (f) of Executive Order 12674. It reads that, "Employees shall make no unauthorized statements..." thus insinuating that employees are allowed to make Authorized statements.
The options given are violations of these Executive Orders except A. Making authorized commitments.
It should be noted that executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees. They're simply used to guide the way that Federal workers behave.
The violations of the Acts include using public office for private gain, giving preferential treatment to any person or organization, and defrauding the government.
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If I want to make a small business should I make what i sell or hire people to make things?
Answer:
start small, you need money to hire people to work for your business. i would recommend starting with making things yourself. or give people you hire different positions, such as dropping off the orders at the post office and another person could help you make things so that the service is a lot faster and you'll have more things in stock.
then wait until you have enough money, and then you could hire some people to help you out.
Staples pays George Nagovsky an annual salary of $37,200. Today, George's boss informs him that he will receive a $5,500 raise. What percent of George's old salary is the $5,500 raise? (Round to the nearest tenth percent.)
Answer:
the percentage is 14.79%
Explanation:
The computation of the percentage is shown below:
= Raise salary ÷ annual salary
= $5,500 ÷ $37,200
= 14.79%
Hence, the percentage is 14.79%
We simply applied the above formula so that the correct percentage could arrive
urban structure in the united states could be said to be a product of what economists call the bid-rent. what is meant by the bid-rent?
The bid-rent theory is an economic concept that explains how the price and demand for real estate are influenced by their location and accessibility.
It states that the value of a particular piece of land is determined by the maximum amount someone is willing to pay for it, based on its location and access to amenities and resources.
As an area becomes more desirable, demand for the land increases, and the bid-rent for that location also increases. This can lead to the development of high-density urban areas where property values are high, and lower-density suburban areas where property values are lower.
In the United States, this theory has played a significant role in shaping the urban structure of cities, as developers seek to maximize profits by locating their properties in areas with high bid-rent values.
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what is the model of the business planning ? Explain
Answer:
At its core, your business model is a description of how your business makes money. It’s an explanation of how you deliver value to your customers at an appropriate cost. According to Joan Magretta in “Why Business Models Matter,” the term business model came into wide use with the advent of the personal computer and the spreadsheet.
Explanation:
crystal coast is an all-inclusive beachside resort. it offers lodging, six restaurants, dancing, snorkeling, parasailing, and spa treatments. on the resort grounds, crystal coast also has a dive center, jet skis, and a water park. all of these amenities are only available to customers staying at crystal coast. crystal coast’s strategic position emerges from
Answer:broads
Explanation:
Melissa is trying to decide between two digital cameras.
Camera 1: $250, 8 megapixel, 3" LCD, timer, no video
Camera 2: $320, 10 megapixel, 3" LCD, timer, video
Use the PACED decision-making process to decide which camera Melissa should buy:
Answer:
Buy Camera 2.
Explanation:
PACED, decision making process is used to make decisions when alternative options are available. In the given case Melissa has two option either to buy camera 1 or camera 2.
The steps for PACED decision making process are :
1. Define the Problem
2. List Alternatives
3. Identify Criteria
4. Evaluate Alternatives
5. Make a Decision
1. To buy Camera 1 or Camera 2
2. Camera 1 or Camera 2
3. Which ever camera has more features will be selected
4. Camera 2 has better features than camera 1
5. Buy Camera 2.
a structural engineer hired by a military base discovers upon inspection that her employer is using low-quality steel and skimping on bolts and fasteners in many construction projects, which goes against the building designs she approved. she reports this to the concerned government regulatory agency. this is an example of
She reports this to the concerned government regulatory agency. this is an example of whistleblowing.
What is whistleblowing?A whistleblower is someone who comes out and divulges their knowledge of any wrongdoing they believe is taking place either throughout the entire organisation or in a particular department. A whistleblower is somebody who reports any illegal activity, whether they be an employee, contractor, or supplier.According to Mueller, during the early 20th century, the terms "to blow the whistle" and "whistleblower" referred to either persons who were really blowing whistles or those who were trying to halt unlawful or immoral activities by raising a stink.Whistleblowing comes in two flavours. Internal whistleblowing is the first. This indicates that the whistleblower informs another employee of malfeasance. Whistleblowing on the outside is the second kind.To learn more about whistleblowing refer to:
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Economic surplus is maximized in a competitive market when.
Answer:
the price equals the market equilibrium price
Which item is important to consider when selecting a
credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
th
Both APR and fees
Answer:
Both APR and fees
Explanation:
The Annual Percentage Rate -APR is the interest rate a customer pays on a credit card per year. Credit cards extend loans to the holder every time they are used. If the credit card user does not pay the full amount on the due date, it attracts interest charges. The higher the APR, the more interest a cardholder will pay. In selecting a credit card provider, APR is the most important factor to consider.
Credit card attracts other fees other the interest. These fees include Balance Transfer Fee, Foreign Transaction Fee, Annual Fee, and Cash Advance Fee. These fees affect the customer's overall cost of using the credit card. Customers should compare different credit card companies and select one with favorable fees.
Rectify the following errors identified in the books of Shyam. The Trial Balance
showed ₹ 875 as an excess debit.
a. The total of debit side of Expenses account been cast in excess of ₹575.
b. Paid electricity bill of the proprietor’s residence was debited to
Electricity expenses ₹1,050.
c. An amount of ₹ 150 entered in sales return book has been posted to the
debit of Verma, who returned the goods.
Pass journal entries for correcting the above transactions and prepare
Suspense Account.
PLEASE ANSWERRR
Answer:
Part 1
a
Debit : Suspense Account ₹575
Credit : Expenses ₹575
Reducing the Debit of the Expenses Account by ₹575
b
Debit : Drawings ₹1,050
Credit : Electricity expenses ₹1,050
Drawings treated as Electricity expenses now corrected
c
Debit : Suspense Account ₹ 300
Credit : Account Receivable - Verma ₹ 300
Sales returns posted on wrong side of Verna`s Account now corrected
Part 2
Suspense Account
Debit :
Difference on Trial Balance ₹ 875
Expenses ₹575
Account Receivable - Verma ₹ 300
Totals ₹ 1,750
Credit :
Profit and Loss ₹ 1,750
Totals ₹ 1,750
Explanation:
Only errors that affect trial balance totals to not agree will require correction through suspense account.
That said, the errors that do not affect trial balance totals such as Error of Principle, Error of Original Entry do not require to be corrected through the Suspense Account.
The difference in the Suspense Account usually cost more effort to continue to check the records than it is worth it for the firm, hence it is written off to profit and loss account