By dividing the sum insured by the sum assured, the premium rate is determined. This indicates that your premium rate would be 10% if you had a sum insured of Rs. 10,000 and a sum assured of Rs. One of the most important steps in the insurance purchase process is figuring out the insurance premium rate.
Multiply the benefit amount by the premium rate specified in your policy to determine the amount of premium that is required. Apply the spouse coverage limitation or restrictions, age reductions, benefit maximums, rounding rules, salary definitions, and guarantee issue limits. The sum of money you pay to your life insurance provider in exchange for your life insurance coverage is known as a life insurance premium.
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Code of ethics foster ethical behavior by: O encouraging employees to be more competitive and profit-oriented.OI highlighting the religious implications of behaving in an unethical manner.O limiting the opportunity to behave unethically by providing punishments for violations of rules and standards. O Making employees understand that they should use their own judgment to determine if an action is ethical. O pointing out to the employees that ethical behaviors are subjective and are dependent on social perceptions.
A code of ethics promotes ethical conduct by educating employees on how to use their discretion to determine what is right and wrong, implementing consequences for breaking rules and standards, and emphasizing that ethical behavior is based on the company's values and not societal norms.
What is code of ethics foster ethical behavior?A code of ethics is a set of guidelines that outlines the principles and values that a company expects its employees to adhere to. It serves as a tool for promoting ethical behavior within an organization by clearly defining what is considered acceptable and unacceptable conduct. One of the main ways that a code of ethics fosters ethical behavior is by educating employees on how to use their own judgment to determine if an action is ethical. This helps to empower employees to make the right decisions, even in difficult or uncertain situations. Additionally, a code of ethics can limit the opportunity for employees to behave unethically by providing punishments for violations of rules and standards. This helps to create a culture of accountability, where employees know that they will be held responsible for their actions. Furthermore, a code of ethics also points out to the employees that ethical behaviors are not dependent on social perceptions, but rather on the company's values and standards. This encourages employees to focus on the company's values and to act in accordance with them regardless of external pressures or social norms. Overall, a code of ethics plays a crucial role in shaping the culture of an organization, promoting ethical behavior and fostering a positive work environment for all employees.To learn more about Code of ethics refer:
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as corporations are going more global advertising is still a local concern. T/F
True. As corporations expand globally, advertising continues to be a local concern. While corporations may have a global presence and marketing strategies,
Advertising often needs to be tailored to specific local markets and cultural contexts. Consumer behavior, preferences, and communication channels can vary significantly across different regions and countries. Therefore, companies need to adapt their advertising campaigns to resonate with local audiences and effectively communicate their brand message. This localization of advertising ensures that it is relevant, relatable, and culturally sensitive, ultimately increasing its effectiveness in reaching and engaging target customers in different markets.
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Teams have better communication than other workers because they get to
a. Know each other better
b. Attend commurication seminars
C. Earn extra benetits packages
d. Use better telephones
does this sentence i wrote make sense:
“Not only this, but as a gateway to contribute to saving the planet.”
time is limeted
Which of the following steps should you take after attending a college fair?
A. Take a break from dealing with colleges for two weeks.
B. Call every college that was represented at the college fair.
C. Make a decision about which college to attend that night.
D. Continue to research colleges on your own.
Answer:
D
Explanation:
The steps that can be taken after the college fair is to continue researching colleges on your own. Therefore, Option D is correct.
What is research?Research can be defined as "creative and methodical activity done to improve the body of knowledge."
It entails gathering, organizing, and analyzing data in order to improve understanding of a subject or problem.
Therefore, The steps that can be taken after the college fair is to continue researching colleges on your own. Option D is correct.
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Using the figure, what is the average per capita income in nations shown in the figure where the highest-income decile gets:
a. at least half of total income?
$
b. less than 30 percent of total income?
The highest income deciles receive 45% of the entire product. Hence option A is correct .
What is income inequality ?Total the per capita incomes of the five countries: Total = SA's per capita income plus N's per capita income plus B's per capita income plus H's per capita income plus Z's per capita income. Total = $12,240 + $9,490 + $15,640 + $1,720 + $3,810 Total = $42,900 Identify the countries with the highest average per-capita income.
The wealth gap, sometimes referred to as wealth disparity, is a measurement of how money is distributed within a certain nation, state, city, or demographic group; it is essentially the difference between the richest of the affluent and the poorest of the poor.
Income inequality, which measures how much each person makes, and wealth disparity are strongly related. However, wealth disparity encompasses more than simply income; it also takes into account the value of homes, vehicles, jewelry, and other goods as well as bank accounts, stocks, and other investments.
In many areas, unequal living conditions are largely caused by wealth inequality.
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A printing company manufactures notebooks of various sizes. The company manufactures 3 000 notebooks each day. Should the company use process costing or job order costing ?
Based on the information provided, the printing company manufacturing 3,000 notebooks each day would be better suited to use process costing.
Process costing is a costing system used when a company produces large quantities of identical or similar products in a continuous flow. It is particularly appropriate when the products are indistinguishable and go through a series of standardized production processes. In this case, the printing company manufactures notebooks of various sizes, which indicates that they are producing a standardized product. The production process for notebooks is likely to be a continuous flow with standardized steps such as printing, binding, and cutting. Each day, a large number of notebooks are produced, suggesting a high level of repetition and mass production. Process costing is designed to allocate costs to each unit produced in continuous production process, making it suitable for calculating the average cost per unit. The costs are spread across the entire production process, enabling the company to determine the cost per unit of the notebooks based on the total costs incurred. In contrast, job order costing is used when products are unique or customized, and costs are tracked for each specific order or job. This is not applicable in the case of the printing company manufacturing a large volume of standardized notebooks. Therefore, considering the high volume and standardized nature of the production process, the printing company should use process costing to accurately allocate costs and determine the average cost per unit of their notebooks.
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Radian6's CEO LeBrun pointed out that push and interruption-based marketing no longer work as well, which indicate companies should ___________.
According to Radian6's CEO LeBrun, the ineffectiveness of push and interruption-based marketing suggests that companies should focus on creating relevant and valuable content that attracts and engages their target audience.
This approach is commonly known as "inbound marketing" and involves creating content that is tailored to the interests and needs of potential customers, and then distributing that content through channels such as social media, email marketing, and search engine optimization.
By providing helpful and informative content, companies can establish themselves as trusted experts in their field, build relationships with their target audience, and ultimately drive sales and revenue through increased brand awareness and customer loyalty.
One of the main benefits of inbound marketing is that it allows companies to reach their target audience in a more organic and natural way, rather than interrupting them with unsolicited advertising. By creating content that is genuinely useful and informative, companies can attract potential customers who are actively seeking out information about their products or services.
Overall, Radian6's CEO LeBrun's statement reflects a growing recognition among marketers that consumers are becoming more resistant to traditional forms of advertising, and that a more subtle and value-driven approach is needed to build meaningful relationships with potential customers.
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According to Radian6's CEO LeBrun, the ineffectiveness of push and interruption-based marketing suggests that companies should focus on creating relevant and valuable content that attracts and engages their target audience.
This approach is commonly known as "inbound marketing" and involves creating content that is tailored to the interests and needs of potential customers, and then distributing that content through channels such as social media, email marketing, and search engine optimization.
By providing helpful and informative content, companies can establish themselves as trusted experts in their field, build relationships with their target audience, and ultimately drive sales and revenue through increased brand awareness and customer loyalty.
One of the main benefits of inbound marketing is that it allows companies to reach their target audience in a more organic and natural way, rather than interrupting them with unsolicited advertising. By creating content that is genuinely useful and informative, companies can attract potential customers who are actively seeking out information about their products or services.
Overall, Radian6's CEO LeBrun's statement reflects a growing recognition among marketers that consumers are becoming more resistant to traditional forms of advertising, and that a more subtle and value-driven approach is needed to build meaningful relationships with potential customers.
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The first institution to contact if you know you have been an identity theft victim is
The first institution that should be contacted in the case of identity theft is the Federal Trade Commission (FTC).
Why should you contact the Federal Trade Commission (FTC)?If you have fallen victim to identity fraud, you should call the Federal Trade Commission immediately.
They will then help you report to the relevant law enforcement agencies such as the FBI and local police.
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The use of alcohol and other drugs cause you to lose your?
Answer:
liver cells
Explanation:
it eats at your inner parts of the body in prolonged use
What is the basic premise of the classical viewpoint of management?
What are checks?
I put:
Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.
and got 100%
Answer:
A cheque, or check, is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account where their money is held.
Answer:
Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.
Explanation:
dfsfv
A factory costs $330,000. You forecast that it will produce cash inflows of $105,000 in year 1, $165,000 in year 2, and $270,000 in year 3. The discount rate is 11%. a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of the factory b. Is the factory a good investment? Yes O No
The answer to this question is: Yes, the factory is a good investment. a) the value of the factory is $427,270.34 and b) $427,270.34 is greater than $330,000, the factory is a good investment.
a. To calculate the value of the factory, we need to determine the present value of the expected cash inflows. The present value formula is:
PV = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + CF3 / (1 + r)^3
Where PV is the present value, CF1, CF2, and CF3 are the cash inflows in years 1, 2, and 3 respectively, and r is the discount rate.
Plugging in the values, we have:
PV = $105,000 / (1 + 0.11)^1 + $165,000 / (1 + 0.11)^2 + $270,000 / (1 + 0.11)^3
PV = $105,000 / 1.11 + $165,000 / 1.23 + $270,000 / 1.36
PV = $94,594.59 + $134,146.34 + $198,529.41
PV = $427,270.34
Therefore, the value of the factory is $427,270.34.
b. To determine if the factory is a good investment, we need to compare the value of the factory ($427,270.34) with its cost ($330,000). If the value of the factory is greater than its cost, then it is considered a good investment. In this case, since $427,270.34 is greater than $330,000, the factory is a good investment.
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A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.
You expect to receive a payout from a trust fund in 5 years. The payout will be for $12,200. You plan to invest the money at an annual rate of 6. 9 percent until the account is worth $20,800. How many years do you have to wait from today?.
You have to wait, 13 years from now until the account is worths $20,800.
The account is to be worths $20,800 so the fixed value is $20,800 and present value was given here, PV = $12,200 and the annual rate is 6.9% or 0.069.
Now, we calculate time taken to reach the account value to $20800.
t = ln(FV / PV) / ln(1 + r)
t = ln($20,800 / $12,200) / ln 1.069
On calculating this, we get t = 8 years. So the total time taken to reach the account to $20800 is 5+8 = 13years.
A cost that remains constant regardless of how many units of products or services are produced or sold is referred to as a fixed value. Fixed costs are outlays that a business must cover regardless of the particular commercial activities it engages in.
Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. The discount rate determines the present value of future cash flows, and the higher the discount rate, the lower the present value of those future cash flows.
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1. Choose a well-known company that you know of, and answer the following questions about it:
Answer:
what type of company
and which other questions
Which option should be used to commit a record in an Access table?
Press Esc.
Select Undo.
Press Ctrl+Z.
Move to a new record.
EDGE
Answer:
D)Move to a new record.
Explanation:
this is what I narrowed it sown to
edg 2021
Answer:
the answer is D
Explanation:
edge 2022
Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition
Answer: Influence is the answer
Explanation:
What type of pricing is it called when a company charges as much as possible for a product.
-Skim
- Penetration
-Competitive
The type of pricing called when a company charges as much as possible for a product is Skim pricing.
Skim pricing is a method of pricing where a high price is set for a new or innovative product. This pricing strategy is used by businesses to recoup development and marketing expenses. However, as competitors introduce similar products, the company can gradually reduce the price.
Skim pricing can be an effective pricing strategy because early adopters are willing to pay a higher price for the product, which helps to recoup development costs.
In contrast, penetration pricing is a pricing strategy in which the company sets a low price for a new product to gain a larger market share. It is used to attract buyers away from other companies that offer similar products.
Competitive pricing is a strategy where prices are set based on the prices of competitors. The company tries to maintain a price that is similar to other companies in the same industry. This pricing strategy can lead to a price war if competitors keep lowering their prices to gain a larger market share.
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Create a presentation that describes your plan and findings for a personal finance budget
Answer:
My plan is to work in the oil field making about four thousand a month. one thousand a week, spending 500$ a month on food, 250$ on car note, 750$ on house note 60$for gas 1000$ for personal expenses.i will have 1440$ to put in my savings
Explanation:
Which of the following is NOT a responsibility of employers under the OSH Act? O To post OSHA citations O To compensate workers for wages lost due to injury O To allow workers to review their exposure and medical records O To inform workers how to report injuries and illnesses
To post OSHA citations is not a responsibility of employers under the OSHA Act.
An employee has certain rights when they are employed by a company that are designed to protect them from discrimination and give them privacy. These rights are beneficial in defending the interest and giving employees just compensation. Option A is the correct answer.
By offering various steps to safeguard the safety of every employee in a business, OSH is an act that contributes to maintaining a safe and healthy work environment. The Organizational Safety and Health (OSH) Act seeks to prevent dangerous workplace accidents. While an employee has a number of rights while at work, he or she is not permitted to challenge an OSH citation on his own. Therefore, it cannot be regarded as a right of an employee.
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The complete question is, "Which of the following is NOT a responsibility of employers under the OSH Act?
A. To post OSHA citations
B. To compensate workers for wages lost due to injury
C. To allow workers to review their exposure and medical records
D. To inform workers how to report injuries and illnesses"
Tom, a customer care executive, receives an order of 25 personal computers from a customer who wants the goods to be delivered to him in two days. Tom needs to inform the customer of that there will be a delay in shipping goods in bulk in such a short span of time. In order to maintain trust, Tom should _____. Multiple Choice update the customer only when he or she raises a complaint regarding non-receipt of goods
Answer:
update the customer regularly and keep the customer informed of any further delay.
Explanation:
Since in the given situation it is mentioned that tom received the order of 25 personal computers that should be delivered in two days but at the same time he know there is delay in shipment as there is bulk order so in order to maintain the trust he has the responsibility to update the customer on regularly basis and if there is any further delay so the same should be informed to the customer as the customer has also the right to know for the same.
Therefore the above statement should be the answer
Which of the following sections does not recapture or recharacterize a taxpayer's gain?
A. §1239.
B. §1244.
C. §1245.
D. §291.
E. None of these.
The following sections does not recapture or recharacterize a taxpayer's gain: None of these. The correct answer is E.
What is taxpayer's gain?
The term "taxpayer's gain" typically refers to a situation where a taxpayer realizes a financial benefit as a result of a tax-related transaction or event. It can occur in various scenarios, such as when a taxpayer receives a tax refund, takes advantage of tax deductions or credits, or benefits from favorable tax treatment.
Sections 1239, 1244, 1245, and 291 of the Internal Revenue Code (IRC) all involve provisions that recapture or recharacterize a taxpayer's gain in certain situations. However, none of these sections specifically exclude or exempt a taxpayer's gain from recapture or recharacterization.
Section 1239 deals with certain sales or exchanges between related parties involving depreciable property. It applies when there is a gain on the sale or exchange, and it generally treats the gain as ordinary income rather than capital gain.
Section 1244 allows individuals to treat losses from the sale or exchange of small business stock as ordinary losses rather than capital losses. This provision is designed to provide tax relief for investors in small businesses.
Section 1245 relates to the recapture of depreciation deductions taken on tangible personal property, such as equipment or machinery. When the property is sold or disposed of, any gain attributable to the depreciation deductions is treated as ordinary income.
Section 291 pertains to the recapture of certain preferences previously claimed under the Alternative Minimum Tax (AMT). It recaptures a portion of the tax benefits previously obtained under the AMT when certain assets are sold or disposed of. The correct answer is E.
Therefore, none of these sections exclude or exempt a taxpayer's gain from recapture or recharacterization.
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Complete question:
Which of the following section does not recapture or recharacterize a taxpayer's gain? A. Sec. 1239 B. Section 1244 C. Sec. 1245 D. Sec. 291 E. None of these
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 22.4 Process time 7.3 Inspection time 1.9 Move time 4.5 Queue time 6.6 The manufacturing cycle efficiency (MCE) was closest to:
Answer: 0.36
Explanation:
Given the following information :
Hours Wait time = 22.4
Process time = 7.3
Inspection time = 1.9
Move time = 4.5
Queue time = 6.6
The Manufacturing Cycle Efficiency (MCE) equals:
The ratio of the process time and the throughput time
The throughput time (Manufacturing cycle) regers to the duration of time required to manufacture a particular product.
It is usually the sum of the process, inspection, move and queue time.
Therefore, throughput time equals ;
(process + inspection + move + queue) time.
(7.3 + 1.9 + 4.5 + 6.6) = 20.3
MCE = PROCESS TIME / THROUGHPUT TIME
MCE = 7.3 / 20.3 = 0.3596 = 0.36
is coke and pepsi a duopoly
Answer:
Rivalry between Coca-Cola and PepsiCo is not a form of warfare: it is a competitive oligopoly. We might even say it’s a duopoly because the two firms control almost the entire market for soda-flavoured colas.
Explanation:
In the Month of March, Baldwin received orders of 156 units at a price of $15.00 for their product Bolt, and in April receives an order for 39 units of their product Bolt at $15.00. Baldwin uses the accrual method of accounting and offers 30-day credit terms. Baldwin delivers 0 units in March, 156 units in April and 39 units in May. They received payment for 156 units in April and payment for 39 units in May.
Required:
How much revenue is recognized on the March income statement from this order?
answer 3 questions
Chapter 5 Workbook: Management Fads* Look up one or two articles on current trends or fads in productivity and morale versus the company's desire management. Then, find one or two articles on a manage
1. Current trends in productivity and morale versus desired management: Trends show a focus on remote work, flexible schedules, and employee well-being.
Desired management aligns with fostering a positive work culture and providing necessary support.
2. Articles on management fads: There are various articles on management fads that come and go, such as agile management, servant leadership, and design thinking. These approaches aim to improve organizational effectiveness and employee engagement.
3. Articles on managing employee performance: Several articles discuss effective strategies for managing employee performance, including setting clear expectations, providing regular feedback, recognizing achievements, and offering growth opportunities.
1. Current trends in productivity and morale often revolve around adapting to the changing work landscape. Remote work and flexible schedules have gained popularity, along with an increased focus on employee well-being. Desired management aligns with these trends by prioritizing a positive work culture, supporting employees' physical and mental health, and ensuring adequate resources for productivity.
2. Management fads are approaches that gain attention and popularity but may not always provide long-term solutions. Examples include agile management, which emphasizes adaptability and collaboration, servant leadership, which focuses on serving employees to enhance performance, and design thinking, which applies creative problem-solving techniques. While these fads may have their merits, it's essential to critically assess their applicability to each organization's unique context.
3. Managing employee performance is crucial for organizational success. Articles on this topic often highlight the importance of setting clear expectations, establishing effective communication channels, providing timely and constructive feedback, recognizing achievements, and offering growth opportunities. By implementing these strategies, managers can foster a high-performance culture, enhance employee engagement, and drive overall productivity within the Company .
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Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 360 direct labor hours and Job 42 used 650 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Activity Usage Activity Cost Driver Job 31 Job 42 Direct labor hours (DLH) 360 650 Engineering hours (EH) 42 48 Machine hours (MH) 50 60 Setups 5 7 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator 0 per direct labor hour Denominator < Required 1 Required 2 > II Required 1 Required 2 Required 3 Required 4 Job 31 used 360 direct labor hours and Job 42 used 650 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. Plantwide Overhead Rate Direct Labor Hours per Unit Overhead Allocated Job 31 per direct labor hour direct labor hours Job 42 per direct labor hour direct labor hours Required 3 > < Required 1 Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Assembly Product design Electricity Setup < Required 2 Required 4 > Required 1 Required 2 Required 3 Required 4 Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Allocate overhead to Job 31 Activity Usage Activity Rate Allocated Cost Activity Assembly Product design Electricity Setup Total $ 0 Allocate overhead to Job 42 Activity Usage Activity Rate Allocated Cost $ 0 < Required 3 Activity Assembly Product design Electricity Setup Total Required 4
Single Plantwide Overhead Rate: The single plantwide overhead rate is $0 per direct labor hour. The company allocates overhead costs based on 13,000 direct labor hours.
To compute the single plantwide overhead rate, we divide the total overhead cost by the total direct labor hours. Since the numerator is $0, this means that the total overhead cost is also $0. The denominator is given as 13,000 direct labor hours, which is the basis for allocating overhead costs.
Overhead Allocation to Job 31 and Job 42: The overhead cost allocated to Job 31 using the single plantwide overhead rate is $0, while the overhead cost allocated to Job 42 is also $0.
Job 31 used 360 direct labor hours, and Job 42 used 650 direct labor hours. To allocate overhead costs to each job, we multiply the respective direct labor hours by the single plantwide overhead rate. Since the overhead rate is $0 per direct labor hour, the allocation for both Job 31 and Job 42 will be $0.
Activity-Based Costing Activity Rates: The activity rates for each activity are as follows: Assembly - $0 per direct labor hour, Product design - $0 per engineering hour, Electricity - $0 per machine hour, Setup - $0 per setup.
The budgeted activity usage and costs are provided in the table.
To compute the activity rates, we divide the budgeted cost for each activity by its corresponding budgeted activity usage. Since the numerator for each activity is $0, the activity rates for all activities are $0.
Overhead Allocation to Job 31 and Job 42 using Activity-Based Costing: The overhead cost allocated to Job 31 using activity-based costing is $0, while the overhead cost allocated to Job 42 is also $0.
The activity rates and usage for each activity are given in the table.
To allocate overhead costs using activity-based costing, we multiply the activity rate by the respective activity usage for each job. Since all the activity rates are $0, the allocation for both Job 31 and Job 42 will be $0 for each activity, resulting in a total overhead cost of $0 for both jobs.
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