The major avenues for achieving a cost advantage over rivals include:
performing value chain activities more cost-effectively than rivals or revamping the firm's overall value chain to eliminate or bypass some cost-producing activities.What is meaning of low-cost leadership?
The goal is to manufacture (or acquire) comparable goods or services for less money than its rivals. The bulk of buyers will be drawn in by the cheaper price, and it will be profitable based on the quantity of goods sold.
The additional costs spent by manufacturing more units of an item or service are known as marginal costs. By dividing the overall change in the cost of manufacturing additional items by the change in the quantity of goods produced, it is determined.
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when preparing the statement of cash flows using the indirect method, one of the purposes of adjusting net income for changes to certain balance sheet accounts is to
One of the purposes of adjusting net income for changes to certain balance sheet accounts is to convert the net income to cash.
What is statement of cash flows and what is the purpose of adjusting net income ?A cash flow statement is a financial statement that provides aggregate data of all cash in flows.Here in the question is asked one of the purpose of adjusting net income for changes to certain balance sheet accounts.Net income is the net earnings which is calculates as sales minus cost of goods, and other operating expenses.Hence when preparing the statement of cash flows using the indirect method, one of the purposes of adjusting net income for changes to certain balance sheet accounts is to convert the net income to cash.To know more about net income visit:
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the city of madison funded the redevelopment of a blighted area of the city with the objective of revitalizing it. funding was approved to clean up the site, build up flood zones, build water retention ponds, and run the sewer, water, and electric utilities to the site. five years into the project, it was clear that no commercial or residential developers were interested in developing on the site. what should the city of madison have done before funding and completing the redevelopment?
The city of madison performed an independent feasibility study early on before funding and completing the redevelopment.
Funding is the act of presenting assets to finance a need, program, or project. while this is normally inside the form of cash, it may also take the form of effort or time from an company or corporation.
And below equity funding, there are 3 types of investment that are project Capital price range, non-public equity funds, and Angel investors. while seeking out the proper types of investment and investors, the organisation ought to enhance price range from companies which have each the significant community and problem matter information within the enterprise.
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condominiums usually require a monthly fee for various services. at $295 a month, how much would a homeowner pay over a 10-year period for living in this housing facility?
seeking long-term solutions and taking place over or involving a considerable amount of time.
A homeowner pay over a 10-year period for living in this housing facility is $ 35400.
How many years is short term?Short, medium, and long terms are the most prevalent. Although the term isn't always used to refer to a specific period of time, many people think of short-term as anything under two years, medium-term as anything between two and ten years, and long-term as anything over ten years.seeking long-term solutions and taking place over or involving a considerable amount of time.pertaining to, or making up, a financial transaction or obligation with a long term, especially one that is a bond with a maturity of over ten years.a monthly fee for various services = $ 295
a homeowner pay over a 10-year period = 295 x 12 x 10
= $ 35400
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a state government establishes an investment pool and invites local governments to participate. it is not governed by a formal trust agreement. which fund of the state government would report balances contributed by the local governments?
The custodial fund of the state government would report balances contributed by the local governments.
Fiduciary operations that are not required to be recorded in pension (and another employee benefit) trust funds or private-purpose trust funds are reported using custodial funds. In contrast to a Private Purpose Trust fund, Custodial Funds do not have a formal trust agreement.
Custodial funds are sums that a government holds on behalf of another government in order to bill and collect taxes and/or fees. The inflow and outflow of these collections have often been recorded in a general fund or agency fund's balance sheet accounts.
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a small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. since all of its systems are new, the company plans to begin the contract in year four and continue through year ten. the cost of the contract is $3,200 per year and the company's minimum attractive rate of return is 12% per year. the present worth of the contract is nearest to: a) $6,605 b) $10,395 c) $14,604 d) $18,081
A small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. Since all of its systems are new, the company plans to begin the contract in year one and continue through year ten. The cost of the contract is $3,200 per year and the company's minimum attractive rate of return is 12% per year. The present worth of the contract is nearest to $18,080.71.
This can be computed by using the formula for calculating the present value of an ordinary annuity as follows:
PV = P × [{1 - [1 ÷ (1 + r)]^n} ÷ r] …………………………………. (1)
Where;
PV = Present value or worth of the contract?
P = yearly cost of the contract = 3,200
r = annual rate of return = 12%, or 0.12
n = number of years = 10
Substitute the values into equation (1) to have:
PV = $3,200 × [{1 - [1 ÷ (1 + 0.12)]^10} ÷ 0.12]
PV = $3,200 × 5.65022302841087
PV = $18,080.71
Therefore, the present worth of the contract is nearest to $18,080.71.
An annuity that has its cash flows or payments made at the end of the period is referred to as an ordinary annuity. A typical annuity of $100 annual cash inflows for five years looks like this: At the conclusion of years 1 through 5, the cash flows take place. At the conclusion of year 1, there is also the first cash flow.
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roadbuilders, inc., uses dynamite in its operations. sky-hi fireworx, inc., stores explosives in its warehouses. most likely liable under the doctrine of strict liability for any injury caused by an abnormally dangerous activity will be
Most likely liable under the doctrine of strict liability for any injury caused by an abnormally dangerous activity will be Roadbuilders and Sky-Hi.
What is Strict liability ?Strict liability states that even if the defendant takes great precautions, she is nonetheless responsible if her actions caused the harm. Extremely dangerous behavior. Almost always, the defendant who engages in these actions is responsible for any damage that results. Negligence defenses. -Contributory.Strict liability in tort law is imposed on people who engage in unusually dangerous activities, those who own dangerous animals, and those who sell or introduce into commerce things that are disproportionately dangerous when they are defective.Injury to trespassers, invitees, and licensees is subject to strict liability.Most likely liable under the doctrine of strict liability for any injury caused by an abnormally dangerous activity will be Roadbuilders and Sky-Hi.
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What happens when a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships?.
A confined partner is not answerable for the duties of the constrained partnership except in appreciation of the quantity of property he contributes or concurs to contribute to the capital of the limited partnership.
Remember, actively participating in control will purpose a restricted associate to be treated as a general associate. This means dropping the limited liability protection and risking one's personal property for debts of the business.
The causes for the dissolution of a limited partnership
Dissolution of confined PartnershipDiscontinuation of Partnership.demise or financial disaster of 1 or greater companions.by using Order of court.another purpose.Learn more about property here: https://brainly.com/question/1078532
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one difficulty of computing the value of gdp is that there are no market prices for exports and imports. resource values. business investments. government goods and services.
One difficulty of computing the value of GDP is that there are no market prices for resource values.
What is Gross domestic product ?Gross domestic product (GDP) can be described a the standard that is been used by the economist so that they can have the measure of the value added created in the country as a result of the production of goods as well as the services withing some given period.
It should be noted that this term help in the measurement of the income that is been earned from that production, as well as the amount that is been spent on those services with less consideration about the imports that is been done i the country at this given period of time.
In conclusion, the Gross domestic product (GDP)help the country to know about the current economic growth that is been rec orded over the period of time in the country.
Therefore, the second option is correct.
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all of these positions are used to create a zero-cost collar except a) writing a call option on the stock. b) purchasing a put option on the stock. c) purchasing a call option on the stock. d) a long position in the stock.
Positions are used to create a zero-cost collar except purchasing a put option on the stock.
What Is a Zero-Cost Procedure?
The term zero-cost procedure alludes to an exchanging or business choice that involves no cost to execute. A zero-cost system costs a business or individual nothing while at the same time further developing tasks, making processes more effective, or lessening future costs.
What is a zero-premium collar?
A zero-cost collar is a choices collar methodology that is intended to safeguard a broker's possible disadvantage. It does this by using call and put choices which, basically, counterbalance one another. While it will set a limit for potential misfortunes emerging from the exchange, it will likewise cover possible benefits.
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jim-o's fast focus restaurant is opening up a new branch. based on demand forecast the following service personnel levels are anticipated. each of the employees must have two consecutive days off in a week. what is the number of employees needed for thursday-friday pair if the minimum number of employees needed is hired to week? days of week monday tuesday wednesday thursday friday saturday sunday staff needs 5 4 3 4 6 6 5
The number of employees needed for the Thursday-Friday pair, if the minimum number of employees per week is hired, is 10.
Tibrewala, Phillipe, and Brown devised a method for organizing a seven-day operation that would give each employee two days off in a row. According to the technique, there are two steps:
Step 1: Minimum Number of Employees Needed for Each Day (GIVEN) Days of the Week Staff Needs Monday 5 Tuesday 4 Wednesday 3 Thursday 4 Friday 6 Saturday 6 Sunday 5
Step 2: Based on the first step, the pairs are calculated by adding the employees needed in pairs: Pairs Staff Needs Monday and Tuesday 9 Tuesday and Wednesday 7 Wednesday and Thursday 7 Thursday and Friday 10 Friday and Saturday 12 Saturday and Sunday 11, i.e. the number of employees needed for the pair Thursday-Friday is 10.
Making predictions about customer demand over a predetermined time period is called demand forecasting. In general, demand forecasting takes into account historical data and other analytical information to provide the most accurate estimates possible.
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xyz company goes public at a public offering price of $31. several days later, the stock has increased to $43. if the underwriters decides to exercise the greenshoe clause, what price will investors pay for those shares?
The amount investors will pay is $31.
What is Greenshoe clause ?An initial public offering (IPO) greenshoe option permits the consortium of investment banks to purchase and offer for sale 15% more shares at the same offering price than the issuing firm initially intended to sell. If there is greater than expected demand for shares and the stock is trading above the offering price on the secondary market, the clause comes into play. The syndicate does not exercise its option for additional shares if there is insufficient demand and the stock price drops below the offering price.
The Green Shoe Company, which was the first to agree to sell more shares when it went public in, gave its name to this contract clause, which may be used for up to 30 days following the IPO.
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Static or declining incomes among a large portion of the u. S. Population is an economic factor that can impact cinnabon’s marketing activities because
Static or declining incomes among a large portion of the u. S. Population is an economic factor that can impact cinnabon’s marketing activities because it may lead Cinnabon to raise or lower the costs of its products.
The motive of advertising is to attain your target audience and communicate the benefits of your service or product — so you can successfully gather, keep, and develop clients. So, your marketing desires need to relate to the unique business targets your employer desires to achieve.
The importance of advertising on your enterprise is that it makes the customers privy to your products or services, engages them, and allows them to make the buying decision. Furthermore, an advertising plan, part of your marketing strategy enables in growing and maintaining call for, relevance, recognition, competition, and so forth.
The selling concept is one of the maximum famous advertising concepts available because it takes into consideration the realities of commercial enterprise — even dependable customers may not be enough to hold you going. With the promoting idea, organizations ought to be precise at locating capability clients and persuading them to shop for.
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if a firm's current ratio , its liquidity . a. increases; increases b. decreases; increases c. increases; decreases d. increases; remains the same
If a firm's current ratio increases , its liquidity remains the same. Companies measure their ability to fulfil short-term financial obligations using liquidity. It's a gauge of your company's capacity to turn over any possessions with a monetary value into cash.
It is quick and simple to convert liquid assets into money. The term "liquidity" refers to the capacity to convert an asset into cash. An asset is more liquid firm it is simpler to turn it into cash. And the most liquid asset is often thought to be cash. A bank transfer or ATM withdrawal can be used to swiftly and simply access the cash in a bank account or credit union account.
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which statement best characterizes product strategy for industrial products? multiple choice question. cultural differences between markets force manufacturers to substantially adapt industrial products to local markets. most companies will not sell industrial products internationally because they do not want to adapt those products to foreign markets. most industrial products require substantial changes in order to be successful in foreign markets. companies can avoid adapting products by developing products to meet the most stringent regulations.
The best characterizes product strategy for industrial products is Companies can avoid product adaptation due to legal differences by designing products to meet the most stringent regulations.
What is product strategy?Product strategy defines the high-level plan for developing and marketing a product, how the product supports the business strategy and goals, and how product roadmaps bring the product to life. A product strategy is a plan developed by a company to define a product's vision and identify how that vision will be realized. A product strategy is developed with the "big picture" of a product in mind, assisting companies in justifying why their product exists and how users will benefit. The product strategy should connect your product vision to the tactical steps required to complete that mission. First, your team will create a product vision. "We will help businesses unlock valuable information by making their data more accessible and useful," for example.To learn more about product strategy, refer to:
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payment posting is where the insurance company pays the claim that was submitted, and then once the facility receives payment, they can post the payment to the open accounts receivable. this posting: group of answer choices reduces accounts receivable. increases the cash account. allows the biller to write off any nonpayment or short payment. both reduces accounts receivable and increases the cash account. none of these is correct.
Payment posting, additionally referred to as money posting, permits the viewing of payments whereas providing a glimpse of the activities of the monetary image by creating it straightforward to get problems and fleetly resolve them.
Payment posting is the act of viewing payments and a medical practice's overall monetary image. In addition, it alludes to the recording of payments within the medical request program. It offers a perspective on patient payments, insurance checks from ERAs, and insurance payments in EOBs.
Payment posting in RCM permits viewing of payments. Additionally, it provides an in-depth image of the monetary structure of the attention following, creating it versatile to identify issues and address them promptly.
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which ratio measures the number of dollars of operating earnings available to meet each dollar of interest obligations on the firm's debt? multiple choice fixed-charge coverage ratio times interest earned cash coverage ratio roa
The ratio measures the number of dollars of operating earnings available to meet each dollar of interest obligations on the firm's debt and is called the time's interest earned ratio.
What is the time's interest earned ratio?Times interest earned ratio is described as a means through which the ability of a firm to fulfill the debts based on current income. It is important to mention that it is also called as interest coverage ratio. The ratio gives a clear indication of the constraints and the relative freedom that a company experiences when meetings debt obligations.
The times earned ratio highlights the ability of a company to pay off its debts through operating income. If a company has a better time interest earned ratio, then the company has sufficient cash with it to pay the debts.
It can be concluded that the ratio measures the number of dollars of operating earnings available to meet each dollar of interest obligations on the firm's debt and is called the time's interest earned ratio.
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What option does a licensed driver in the state of virginia have instead of purchasing liability insurance?.
Instead of purchasing liability insurance, a licensed driver in Virginia has the choice to pay an uninsured motorist vehicle fee.
In Virginia, it is considered illegal to drive a car without paying at least the minimum amount of liability insurance as required by law. It is a legal requirement in Virginian that licensed drivers have to purchase a minimum amount of auto insurance coverage for registered vehicles.
But licensed drivers in Virginia also have an option to legally drive the car without the purchase of liability insurance. In that case, the licensed drivers are required to pay an uninsured motor vehicle fee. The uninsured motorist vehicle fee makes it legal for the liscened drivers to drive the vehicle on road and thus avoids penalty.
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publix is attempting to forecast sales for a new ice cream cake. to come up with an accurate forecast, publix places the product in atlanta supermarkets for a period of four months. in this instance, publix is using which forecasting method?
For a new ice cream cake, Publix is attempting to predict sales. For a period of four months, Publix places the product at supermarkets in Atlanta. Publix use the market test forecasting technique.
Prior to the commercialization (launch) of a new product, an experiment called a "market test" is undertaken to ascertain information about the product, such as: Is the product the proper one? Does the product have a fair price? etc. The company can either accept or reject the product proposal in light of these facts.
One technique utilized as part of the market test is test marketing. Another technique for predicting sales is test marketing, in which a new product is introduced in specified geographic areas that are indicative of the final market in order to assess the viability of the offering and the level of interest among the target market.
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bard enterprises offered a customer a note for extended payment on november 1, 2018. the $8,000 note was for 6 months at 5%. bard enterprises has a december 31 year end and must accrue interest on that date. how much interest has accrued on the note receivable on december 31, 2018?
Interest accrued on the note receivable on December 31, 2018, is $ 400.
Interest = (Principal × Rate × Number of months )/(100 ×12)
= (8,000 × 5 × 6 )/(100× 12)
= (240,000 )/( 1200)
= $ 200 (Interest for 1 month)
So, Interest for 2 months (from November 1 to December 31)
= $ 200 ×2
= $ 400 (Answer)
1. Accounts receivable are credited and notes receivable are debited when notes receivable are extended for payment.
2. On December 31st, $400 is deducted from interest Receivable and credited to interest Income for accrued interest.
3. Accrued interest must be recorded in accrual accounting.
Interest is the fee you pay to borrow money or the fee you charge to lend money. Interest is often expressed as an annual percentage of the borrowed amount. This percentage represents the loan's interest rate.
Interest is the amount paid over and above the original amount to a lender or depositor by a borrower or deposit-taking financial institution at a predetermined rate in the domains of finance and economics (the amount borrowed). It differs from any fees the borrower may be required to pay to the lender or another party.
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g if a check correctly written and paid by the bank for $442 is incorrectly recorded in the company's books for $380, how should this error be treated on the bank reconciliation?
Based on the fact that the check was correctly written when paid by the bank, but the check was incorrectly recorded in the company books, the error can be treated by adding $62 to the book balance.
How to reconcile an incorrectly recorded check?When a check is recorded incorrectly in books of the company, there would need to be a bank reconciliation that would see the difference in the check amounts being added or subtracted depending on the error.
If the check is recorded incorrectly but is lower than the actual amount as is the case here, the difference should be added to the book balance.
That difference is:
= 442 - 380
= $62
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only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using group of answer choices full costing. absorption costing. variable costing. product costing.
Only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using, variable costing. Option C
What is variable costing?Generally, The technique of costing known as variable costing takes into account just the variable aspects of production expenses, such as direct labor, direct materials, and variable manufacturing overhead when calculating unit product costs.
According to the variable costing method, fixed costs (both manufacturing and non-manufacturing) are handled as a period or capacity cost and are expensed in the period in which they are incurred. This applies to both manufacturing and non-manufacturing fixed costs. As a result, the cost of the product does not take into account fixed costs.
One of the presumptions that underlie the Cost-Volume-Profit (CPV) analysis is as follows:
A linear relationship exists between costs and their ability to be correctly segmented into variable and fixed components.
While the fixed component's overall value remains the same over the relevant range, the variable component's value remains the same for each unit.
The use of the cost-volume-profit analysis is impossible if the costs are not properly classified as either fixed or variable by the individual doing the study.
Therefore, the right answer is choice number one, variable costing.
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all of the following are true about neoliberalism except that it a. seeks to control costs by lowering wage expenses b. characterizes the type of policies designed by powerful international financial institutions c. has been spreading globally d. refers to a recent revival of economic liberalism e. is characterized by the policy that environmental protection and job safety are too important to be left unregulated
They must understand that every culture they study is influenced by and shapes other cultures. What phrase describes money or resources invested in a company with the goal of making a profit political.
A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production. The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production understand. Three structural positions make up the contemporary world system: the core, semiperiphery, and periphery. The term "globalization" refers to the growing interconnectedness and interdependence of global economies and cultures. This is because they make other countries follow the same political policies to develop better agreements and everyone be on a similar structure and it would be easier.
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when close shave, a company producing razors and shaving accessories, asks supermarkets to give its new razors shelf space and special displays, it is using a
A push strategy is being used by Close Shave, a firm that makes razors and shaving equipment, when it urges supermarkets to provide its new razors shelf space and special displays.
What is a push strategy ?A "push" marketing strategy brings the product to the customer, who is aware of it when they purchase it. It makes use of a company's sales staff and trade promotion activities to generate consumer demand for a product. Producer advertises to wholesalers, who then advertise to retailers, who then advertise to consumers.
Push marketing eschews established distribution channels in favor of selling directly to customers. Two instances of this are direct sales of travel or insurance. The most likely promotional strategies with this kind of approach are consumer promotions and advertising. Push selling is well illustrated by the promotion of mobile phones by major handset producers like Nokia through merchants like Carphone Warehouse.
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A ________ occurs when a speculative attack on the exchange value of a currency results in a sharp depreciation in the value of the currency or forces authorities to expend large volumes of international currency reserves and sharply increase interest rates to defend the prevailing exchange rate.
A currency crisis happens when a speculative attack on a currency's exchange value causes a severe decline in that currency's value or prompts authorities to use significant amounts of their foreign currency reserves and drastically raise interest rates to maintain the current exchange rate.
Explain about the currency crisis?
A currency crisis is also referred to as a balance of payments crisis since it arises from persistent balance of payments deficits. Such crises frequently end with a currency devaluation. The government and financial institutions would struggle to pay their debts, which could lead to an economic crisis.
Currency crises have occurred frequently in recent history. These include a sudden and significant devaluation of a country's currency, along with erratic markets and a lack of confidence in the economy. Even though currency crises are frequently abrupt, they can occasionally be predicted.
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a $100 petty cash fund contains $89 in petty cash receipts, and $7.50 in currency and coins. the journal entry to record the replenishment of the fund would include a
frisk is contemplating an advertising campaign that will cost $20,000. frisk's variable expenses are 36% of sales. if sales increase by $80,000, the company's net operating income should increase by:
Variable costs for Pool Company account for 36% of sales. Pool is thinking about launching a $20,000 advertising campaign. The company's operating income should rise by $31,200 if sales rise by $80,000.
What is advertising?
To draw attention to a product as well as service, advertising practises and strategies are used. The goal of advertising is to draw attention to your good or service so that people will buy it. Although there are numerous other uses for advertising, it is typically used to promote a particular good that really is currently on sale. In contrast to public relations, advertising involves a message that is paid for and controlled by the advertiser. Since the message is not personalized—that is, not addressed to a specific person—it differs from personal selling.
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active mutual funds: please choose the correct answer from the following choices, and then select the submit answer button. answer choices involve people actively investing their own money in many firms. involve a manager investing one customer's money in many firms. tend to charge higher-than-average management fees. are automated to mimic a broad stock market index.
A professional portfolio manager or team of managers selects the underlying investments for the portfolio in an actively managed fund. In fact, one of the reasons you would choose a specific fund is to gain access to the experience of its professional managers.
What is the Active mutual fund?An actively managed fund is one in which the fund manager is more involved in decision-making and actively monitors the addition and removal of stocks and bonds from the mutual fund's portfolio. The fund management cannot influence the movement of the underlying assets in passively managed funds.Choosing mutual funds with portfolio managers who select investments based on an independent evaluation of their worth is an important component of active investing; in other words, they seek to select the most appealing investments. Active managers typically strive to "beat the market" or outperform predetermined benchmarks.When things go well, actively managed funds have the potential to consistently outperform the market, even after fees are paid.To learn more about Active mutual fund refer to:
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a theater group made appearances in two cities. the hotel charge before tax in the second city was higher than in the first. the tax in the first city was , and the tax in the second city was . the total hotel tax paid for the two cities was . how much was the hotel charge in each city before tax?
Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses.
Describe the taxes?Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
If x is the price in the first city before taxes,
Let y equal the cost in the second city before taxes.
Before taxes, set up the equation.
y = x - 1500 eq1
Create an equation to calculate all taxes paid.
0.065x + 0.06y = 378.75 eq2
Put eq1 in place of eq2.
0.065x + 0.06(x - 1500) = 378.75
0.065x + 0.06x - 90 = 378.75\s0.125x - 90 = 378.75
0.125x = 468.75\s x = 3750
Put this x value in place of eq1.
y = 3750 - 1500\sy = 2250
The hotel charge in each city before tax is one and two are $3750 and $2250, respectively.
The earliest components of income tax can be found in Rome and Egypt during the early and classical eras. Romans introduced modest charges on privately owned riches as public taxes.
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Martina has decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures. Her attorney has prepared the operating agreement and advised her of the complexities and expense of setting up this structure. Which of the basic types of ownership has martina chosen?.
Entrepreneurs establish entrepreneurial ventures, which are businesses that look for possibilities, use cutting-edge techniques, and prioritize growth and profitability.
More specific definitions of entrepreneurship include the "ability and willingness to develop, organize and manage a commercial endeavor together with any of its risks to make a profit" and "the process of developing, launching and maintaining a new firm, which is typically similar to a small business."
Which might inspire someone to launch a new company venture?
An individual who develops a novel concept, gathers resources, and establishes a new company enterprise is said to be an entrepreneur. People start their own businesses for a variety of reasons, such as financial gain, a desire to improve people's lives, autonomy, and a sense of success.
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using an abc system, a company has estimated overhead of $2,100,000. they expect to use 1,000,000 machine hours and 500,000 labor hours. abc has identified this as a machine-hour related activity. the activity rate for this activity is .
This behaviour is tied to machine hours, according to ABC. $21.10 machine per hour is the activity rate for this activity.
= $2,100,000 ÷ 1,000,000
= $21.10 machine per hour
What is Overhead Rate?
The overhead rate, also referred to as the overhead percentage, is the amount your business spends on manufacturing items or providing services to customers.
To calculate the overhead rate, divide the indirect costs by the direct costs and multiply the result by 100. The overhead rate is a cost involved in producing a good or service.
The cost of the corporate headquarters is an example of an overhead expense that isn't directly tied to output. An overhead rate is applied to the direct production-related costs in order to disperse or allocate the overhead costs based on specific indicators.
A cost associated with the production of a good or service is called an overhead rate. Overhead costs are expenses, such as the cost of, that are not directly related to output.
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