Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations.
Standard Custom
Direct labor costs $59,000 $112,000
Machine hours 1,380 1,110
Setup hours 101 370
Total estimated overhead costs are $309,000. Overhead cost allocated to the machining activity cost pool is $200,000 and $109,000 is allocated to the machine setup activity cost pool.
(a) Compute the overhead rate using the traditional (plantwide) approach.
(b) Compute the overhead rates using the activity-based costing approach.
(c) Determine the difference between the two approaches.

Suppose the government establishes a price regulation. The link organization will supply Q2 link memberships.

At MR = MC, where Q1 units are produced, profit is maximized without government regulation. At the point where the D and ATC curves meet, the government sets average cost pricing. Q2 units are made at the intersection point.

A natural monopoly is a situation in a market where barriers to entry prevent more than one company from entering the market.

Economies of scale and ownership of a crucial natural resource are the barriers to entry that lead to a natural monopoly. Government regulation can control the market to prevent price discrimination, but it cannot induce market entry or exit.

With no government pricing regulation, the equilibrium quantity for profit maximization is 25,000 households per month at a price of $35.

To learn more about natural monopoly here:

https://brainly.com/question/29765560

#SPJ4

Full Question = Suppose the government sets a regulatory price using the average-cost pricing rule. Under this regulation, the cable company will supply Q3 cable subscriptions . With this price regulation and without a government subsidy, the cable company will shut down in the long run.

The contrast between an easement and a license is significant both practically and theoretically. A license has all of the following features, with the exception of: A license lasts forever.

A license to use property differs from an easement in that it can be revoked. An easement transfers title. A license is permission, but an easement is a right. While a license is not for a certain amount of time, an easement is. While a license does not survive the sale of the affected land, an easement does. The ideas that one person has a legal claim to an easement and profit The bearer of a license may also utilize the property of another individual.

learn more about easement here:

https://brainly.com/question/22400838

#SPJ4

Sam will not be able to afford all combinations given in the other options as they will cost him more than his money income.

In the field of economics, a budget constraint refers to all the possible combinations of goods and services that a consumer could buy at the market's current pricing and within the limits of his or her available budget. The notions of a budget restriction and a preference map are tools used by consumer theory to explore the dimensions of consumer choices. The total number of things you can buy with your present budget is your budget constraint. The range of options possible within a certain budget is illustrated by a budget limitation. Opportunity cost is the sum or object you forfeit in favor of something else.

Sam's budget constraint would be five training sessions and two rounds of golf since five training sessions will cost him $100 and two rounds of golf will cost him $100 as well. Sam will not be able to afford all of the combinations given in the other options as they will cost him more than his given money income.

To learn more about budget constraint, visit:

https://brainly.com/question/14611599

#SPJ4

Figurative language, which deviates from the usual sequence and meaning of words in order to express a complex meaning, colourful writing, clarity, or emotive contrast.

Complete question :

“’Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death. My own line of reasoning is to myself as straight and clear as a ray of light.” In this excerpt, Paine uses figurative language to

Explanation :

When he says, "My own line of reasoning seems to me as straight and clear as a ray of sunshine," he is employing a like-/-as example. If the sun's light is being used as a metaphor for purity or intellect, then he is implying that he is highly rational and aware of what is happening. He is willing to die for what he believes in because he understands what he stands for and, as he said, "would follow his convictions till death."

Learn more about Figurative language refer to :

https://brainly.com/question/809737

#SPJ4

social dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people

A business man who temporarily lives and/or works outside of their place of citizenship for professional reasons is referred to as an expatriate. Another way to describe it is as a person who moved from their nation of origin to another permanently or for a prolonged period of time. An allowance is a predetermined amount of money given by employers to employees to cover expenses above and beyond basic wage. It can also be described as an amount that is allowed or permitted in accordance with some rules or for a particular purpose.

Which of the following dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people?

1. social

2. physical

3. economical

4. beliefs

Learn more about business here:

https://brainly.com/question/22599880

#SPJ4

The given statement ''one of the important factors to consider in the selection of contract type is the degree of risk for the seller and the buyer that each type of contract presents'' is true.

Learn more about contract refer to :

https://brainly.com/question/1387188

#SPJ4

If 450,000 shares of common stock are issued and outstanding immediately following the stock split, and the balance of common stock is unchanged, the balance remains at $270,000.

Common stock is a type of security that represents corporate equity ownership. Outside of the United States, the terms voting share and ordinary share are also commonly used.

In the United Kingdom and other Commonwealth countries, they are referred to as equity shares or ordinary shares.

a. Computation of number of shares of common stock are issued and outstanding immediately after the stock:

According to the given information,

300,000 Share*3/2 = 450,000 common stock are issued and outstanding immediately after the stock.

b. Computation of dollar balance of the common stock account immediately after the stock split:

As per the given information, the balance of common stock is unchanged stock split, then the balance remains at $270,000.

c. Determination of reason that Weiss Company split its stock:

The given company may have splinted its stock to reduce the market price of stock and improve the stock's marketability.

However, earnings per share will go down.

Learn more about the common stock, refer to:

https://brainly.com/question/13762106

#SPJ4

A financial institution has a higher degree of interest rate risk on a  15-year fixed-rate mortgage than a  30-year fixed-rate mortgage.

Principal, interest, taxes, and insurance make up the majority of mortgage payments. Your outstanding loan balance is reduced by the amount in the principal part. Borrowing money has a cost, which is interest. Both the interest rate and the loan balance affect how much interest you pay.

It can assist you in earning money and raising your overall net worth when applied effectively. A mortgage is also one of the most affordable forms of debt. Interest rates are low, and you can pay even less after deducting your mortgage thanks to federal and state tax advantages.

To know more about Mortgage visit:

https://brainly.com/question/8084409

#SPJ4

The statement is True. The Comparison of purchase to expectations is thought to occur whether the item purchased is comprised primarily of search, experience, or credence characteristics.

A business overall performance contrast Survey (or internal benchmarking) provides firms with the opportunity to examine their performance with comparable firms of their industry or institution; consisting of the better-appearing corporations. the act of comparing two or extra people or things: They made a comparison of different nations' ingesting habits. with the aid of/In assessment with the French, the British consume ways much less fish. You can not honestly draw a contrast between the two cases - they're absolutely distinct.

There are 3 types of viable comparisons: equal, comparative, and superlative. evaluation keys uniquely perceive every single row in a table or a view for both the source and target. whilst comparing information assets, facts compare for sq. The server uses a matching primary key or other unique identifiers in each statistics source because of the assessment key.

To learn more about Comparison visit here:

brainly.com/question/14047951

#SPJ4

The person or organization that holds another's data should delete any records on request of provider including any summarized information derived from data should be followed by business organizations that desire to handle and process customer data in ethical manner.

Customers' personal, behavioral, and demographic information is referred to as "customer data" or "consumer data" by marketing firms and departments who gather it from their clientele. Customers' privacy is infringed upon to some level by data gathering; therefore, precise restrictions on the kinds and quantities of data that may be gathered must be in place. In consumer analytics, the gathered data is processed. Insights into consumer behavior are thus the goal of data collecting, which will ultimately lead to profit maximization through customer base consolidation and growth. In the age of the internet, explicit online surveys are a popular way to gather client information. However, there are also covert techniques, such as tracking click-through and desertion rates. Customer information is obtained for market research, particularly for studies on customer satisfaction, with the goal of boosting total customer satisfaction.

To learn more about customer data, visit:

https://brainly.com/question/28507296

#SPJ4

A mortgage covenant in the following is "Pay any charges and assessments against the property."

Simply said, "promise" is another synonym for "covenant." Banks incorporate covenants in loan agreements to protect their status as lenders and to increase the possibility that a loan will be repaid by the borrower/business owner promptly, fully, and in compliance with the loan's terms and circumstances.

Loan covenants clearly state what the business owner commits to doing with regard to the capital structure of the company during the loan or line of credit's duration. These commitments made by business owners can vary, and while most loan papers include some of the instances of loan covenants discussed in this essay, not all of them do.

To learn more about mortgages, visit the link below:

brainly.com/question/29095062

#SPJ4

Answer: Price determination is the interaction of the broad. forces of supply and demand which “determine” or. cause the market price level. Price discovery is the process of buyers and sellers.

Explanation:

Sole proprietorship of the following forms of business organizations is most likely to give Jonathan total control over his business decisions.

An entity specifically for the purpose of conducting business is a business organization. A system of law controlling contract and trade, private property, and incorporation is the foundation of such an organization.

A business organisation is made up of people who cooperate in a planned and organized way to achieve a common objective. The operation of a business is the primary objective of a business organization. A corporate organization is formed when two or more people collaborate to conduct business.

To know more about Business organizations visit:

https://brainly.com/question/28477679

#SPJ4

The double declining-balance method depreciation for year of acquisition is $200,000 and following year is $120,000. The straight-line method depreciation for year of acquisition and following year is $90,000.

One of two popular methods a corporation uses to account for the expense of a long-lived asset is the double-declining balance depreciation (DDB) approach, sometimes referred to as the lowering balance method. Compared to straight-line depreciation, which applies the same amount of depreciation each year over an asset's useful life, the double-declining balance depreciation method accelerates the pace at which expenses are recorded. The double-falling approach depreciates assets twice as quickly as the traditional declining balance method.

To solve the question :

(a) Double-declining balance:

To calculate depreciation rate.

Depreciation rate :

= 2 / estimated value

= 2 / 5 = 0.40

To calculate the depreciation for the acquisition year, we multiply the purchase cost by the depreciation rate. The residual value is disregarded.

Depreciation = 0.40  × $500,000 = 200,000

Year of acquisition = $200,000.

We increase the depreciation rate by the asset's book value for the upcoming year. The difference between the asset's acquisition cost and cumulative depreciation is its book value.

depreciation = 0.40 × ($500,000 - 200,000) = 120,000

The depreciation of the following year is $120,000

(b) Straight-line method:

The depreciation follows a straight line and is constant over time. Calculate the annual depreciation now. Formula :

depreciation = acquisition cost - residual value / estimated life

depreciation = 50,000 - 5,000 / 5 = 90,000

The depreciation of the year of acquisition and following year is $90,000

To know more about, depreciation, visit :

https://brainly.com/question/29481497

#SPJ4

The International Fisher Effect (IFE) states that when two countries have different nominal interest rates, the difference between them is equal to the expected difference between the two countries which is due to their inflation differentials.

This theory was first proposed by economist Irving Fisher in 1930 and has become one of the most important theories in international finance. According to the IFE, if investors in all countries require the same real rate of return, the differential in nominal interest rates between any two countries should be equal to the expected difference between the two countries in the rate of inflation.

For example, if the expected rate of inflation for the U.S. is higher than the expected rate of inflation for Japan, then investors in the U.S. should expect to earn a higher nominal interest rate on investments in the U.S. relative to investments in Japan. This is because the expected rate of inflation in the U.S. is higher than the expected rate of inflation in Japan, so the real rate of return will be higher in the U.S. than in Japan. This, in turn, leads to an increase in nominal interest rates.

The International Fisher Effect is an important theory in international finance because it provides a way for investors to compare returns on investments across countries. By understanding the expected difference in inflation between two countries, investors can adjust their expectations for the nominal interest rate they will receive when investing in the different countries. This theory also helps to explain why some countries have higher nominal interest rates than others.

Learn more about  International Fisher Effect (IFE) : https://brainly.com/question/14184515

#SPJ4

Complete question :

Options-

follows their exchange rate movement.

is due to their inflation differentials.

is zero.

is constant over time.

These descriptions of the similarities and distinctions between mortgage bankers vs mortgage brokers are all accurate.

Mortgage brokers are authorized and qualified financial experts who handle a lot of the grunt work. They collect your paperwork, check your credit report, and confirm your employment and income. With this information, they can help you quickly apply for credit and negotiate terms.

Simply said, lenders do not take into account one of the Credit Ratings you have seen online. Instead, mortgage brokers will carefully examine the data on your credit report as well as application information like your income, expenses, and down payment, for example, to determine your trustworthiness and affordability.

To know more about mortgage brokers visit:

https://brainly.com/question/15351758

#SPJ4

The additional cost a company faces when producing one more good or service is known as the marginal cost. The additional rise in revenue that a company experiences after producing one more good or service is known as marginal revenue, on the other hand.

In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs are equal on a marginal basis. In the real world, markets never reach equilibrium; instead, they simply gravitate to an equilibrium that is constantly shifting. Marginal revenue for a company with perfect competition is the same as average revenue and pricing. This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve. If the price falls below the average variable cost, the company shut down.

To know more about Marginal cost: https://brainly.com/question/11689872

#SPJ4

The UN convention on contracts for the international sales of good includes - it the basis for a widely accepted body of international sales law.

To know more about Goods here

https://brainly.com/question/25262030

#SPJ4

Imposes a price ceiling on the regulated firm, A price ceiling is a government-imposed limit on the maximum price that can be charged for a good or service. It is a type of price control.

Demand outpaces supply when a market's price ceiling is in place. The ceiling price is below equilibrium, which causes this. As a result, more consumers will be able to afford the good while producers charge less. Once a result, as the price ceiling is implemented, supply decreases and demand increases.

In the field of economics, price controls are limitations imposed by authorities to maintain the affordability of goods and services. They are also employed to establish an open and equitable market. Price limits are intended to reduce inflation and promote market equilibrium.

To learn more Price Ceiling visit:

https://brainly.com/question/28018539

#SPJ4

Businesses that pay attention to environmental details show employees that they care about guest's satisfaction and service quality, but not necessarily their own employee satisfaction. This statement is true

Utilizing cues like odors or noises that bring back memories to help visitors respond appropriately to a service setting is one technique to assist them cope with information overload. The employees' dress at the hospitality company contributes to the atmosphere.

The hotel management agrees to guarantee the protection of guests, including their lives, health, and property, in addition to offering comfortable lodging and assurances of restful sleep. Because of this, the area of hotel security and safety requires the strictest oversight.

To know more about employee satisfaction, refer:

https://brainly.com/question/13919087

#SPJ4

Lucas hears clicks during electrical stimulation of his brain. The part of the brain that triggers the hearing of clicks (sounds) is called the auditory area (cortex).

The primary auditory cortex is located in the Heschl gyrus, an area present behind the superior temporal lobe within the supratemporal plane. The auditory cortex of the human brain receives and processes sound, vocal, or musical content.

A sensory area of ​​hearing located above the temporal lobe of the cerebral cortex. It receives and processes sound signals from the medial geniculate nucleus of the thalamus, the main structure along the auditory pathway.

The three basic categories of hearing loss are sensorineural hearing loss, conductive hearing loss, and mixed hearing loss.

To learn more about auditory cortex visit:

https://brainly.com/question/29416929

#SPJ4

Tax payments increase automatically as gross domestic product (GDP) rises, which dampens consumption spending.

The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by such manufacturing, or the total amount spent on finished products and services (less imports).

For instance, if Country B produced 5 bananas value $1 each and 5 backrubs of $6 each in a year, the GDP would be $35. The GDP of Country B would be $40 if the price of bananas increased to $2 the next year and the amount produced remained same.

Learn more about  gross domestic product (GDP)  to visit this link

https://brainly.com/question/16907223

#SPJ4

If Adidas decided not to advertise, it would be the best outcome for Nike. The commercial impact of Nike's choice to not advertise will be greatest if Adidas chooses not to market.

The best way to phrase your sentence with the term "outcome" This was the only conclusion we could agree on. You'll likely be happier with the outcome this evening. We alone are in a position to influence how this plays out.

Negative effects include deterioration and failing to uphold or advance. Even if the faulty behaviour has no visible negative consequences, failing to follow a criterion nevertheless counts as a defect. The focus on results is not common in standards.

To know more about advertise visit:

https://brainly.com/question/3163475

#SPJ4

A function of a(n) PAC is to raise money to help elect individuals who regard their organization positively or to promote a particular issue related to their industry.

A political action committee (PAC) is an organization that raises money to be distributed to politicians that support the same concerns as the contributors. subsidy. A monetary payout or other sort of assistance provided by the government to an individual or organization.

A committee that accumulates funds to support or oppose politicians. PACs typically represent corporations, labor organizations, or ideological causes. A political action committee (PAC) of an organization raises funds from its workers or members and donates to parties and candidates on their behalf.

A PAC's principal aim is to generate and distribute monies in order to advocate for the political interests of its members.

For more information on  political action committee (PAC), visit :

https://brainly.com/question/29547526

#SPJ4

You want to protect your diversified investment portfolio from market drops. The best cross-hedge for this use would be one of the following: selling S&P 500 index futures short (Section 14.5).

(2 markings) 4b) 4bi) A flawless hedge entirely removes the danger for the hedger. It's not always better to have a perfect hedge than a flawed one. It simply makes the result more certain. Think about a business that manages its exposure to asset price fluctuations.

Options trading provides a practical tool for investors to protect their portfolio from unexpected price drops. A trader can lower their risk exposure and make sure they can still sell their assets at a fair price even if the market moves against them by making an investment in long-term put options.

To Know more about  price fluctuations.

https://brainly.com/question/28239274

#SPJ4

a. Consumer surplus is area below the demand curve and above the price.The monoplist price is 6.5. So, consumer surplus is area A+B

A price ceiling or floor differs from the other in that respect. The lowest cost for a good is known as a price floor. The most that can be paid for a good is known as a price ceiling. The legally mandated minimum price is referred to as a price floor. A supplier cannot ostensibly sell for less than this price, according to the price. On the other hand, a price ceiling refers to the highest price that is governed by the government. Suppliers of products and services with a price cap are not expected to sell above the specified upper limit.

Learn more about price here:

https://brainly.com/question/19091385

#SPJ4

The three audience measurements that advertisers typically use for both print and electronic media choices are audience size, audience demographics, and exposure distribution throughout the audience.

Language variety, social class, literacy rate, cultural considerations, and legal restrictions are some of these elements. Additionally, they cover media accessibility.

Media planning is the process through which marketers decide how, when, and where to communicate a specific advertising message to an audience. Media planners assess the target audiences, platforms, and advertisements to determine the most effective way to reach them.

To know more about electronic media selection visit:-

https://brainly.com/question/27881156

#SPJ4

On the job. This is the necessary response to the posed question (C).

The employer is responsible for providing compensation to such an employee if an accident-related injury results in his permanent or partial disability for a length of time longer than three days. Under the Act, a permanent or partial disability has been Act[5].

The following responsibilities must be met by an employer if a worker is hurt at work: provide first assistance and medical attention Wherever necessary, an employer has a primary duty to offer urgent first assistance and medical care. Your employer has a responsibility to keep you safe and to inform you of health and safety risks that concern you.

To know more about liabilities of employer, visit:

https://brainly.com/question/18915191

#SPJ1

The Fed has traditionally used three tools to conduct monetary policy: reserve requirements, the discount rate, and open market operations.

The WACC and adjusted present value are the two main formulas for calculating the discount rate (APV). WACC = E/V x Ce + D/V x Cd x (1-T) is the formula for the WACC discount, and APV = NPV + PV of the impact of financing is the formula for the APV discount.

The Federal Reserve Board gave its approval to a decision made by the board of directors of the Federal Reserve Bank of Kansas City on Wednesday to raise the bank's discount rate, or primary credit rate, from 1-3/4 percent to 2-1/2 percent, with effect from July 28, 2022.

To know more about Discount Rate visit:

https://brainly.com/question/13660799

#SPJ4

A country has an absolute advantage over another country in producing a good if it uses fewer resources to produce that good. Hence, option(A) is correct.

Absolute advantage is the capacity of a person, business, area, or nation to produce more of an item or service with the same amount of inputs per unit of time than its rivals or to generate the same amount of a commodity or service with fewer inputs per unit of time.

The ability of a party to provide an item or service more efficiently than its rivals is known as the principle of absolute advantage in economics. The idea of absolute advantage was initially put forth in the context of international trade by Scottish economist Adam Smith in 1776, using labor as the only input.

To learn more about absolute advantage, visit:

https://brainly.com/question/13221821

#SPJ4