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Impact of crime in a business?
If your business is located where the crime rate is high your business will be affected
What does churn rate mean in terms of business?
Churn rate is used to determine the steady state level of customers a business will support. It is important for businesses with subscriber based service model.
What is the average failure rate of a franchise?
14
What should be composed or provided in a business portfolio?
In a business portfolio, there should be details of the company`s products sorted out according to their competitive position and business growth rate to lay the foundations of sound strategic planning.
What is the failure rate of small business?
90% fail within the first year, is the usual stat given.
What would a plantwide manufacturing overhead rate be assigned to?
what is plantwide manufacturing overhead
Manufacturing overhead - fixed or variable cost?
Compute the actual and budgeted manufacturing overhead rate
Why overhead absorption rate is important?
In absorption costing, overhead absorption rate or blanket rate is key to spread all overheads on production of volume of product, because if we don't have the overhead absorption rate manufacturing overhead cannot be spread or there is no basis for allocation of overheads on manufactured units.
What is variable manufacturing overhead variance?
Act. Hr x (Std. Rate - Act. Rate) actual hours times standart rate minus actual rate
What is variable manufacturing overhead spending variance?
Act. Hr x (Std. Rate - Act. Rate) actual hours times standart rate minus actual rate
Applied overhead vs actual overhead?
APPLIED Overhead is computed using the predetermined overhead rate and is the amount of costs applied (or estimated) to be allocated (needed) for specific jobs. ACTUAL Overhead is found after the manufacturing process is complete which gives the actual amount of used/consumed resources (or total costs) that it needed to complete the job. The two amounts can then be compared afterward which is known as Under- or Overapplied Manufacturing Overhead. When Manufacturing Overhead has a DEBIT balance, overhead is said to be UNDERAPPLIED, meaning that the overhead applied to work in process or to the certain job is LESS than the overhead incurred. On the contrary, when manufacturing overhead has a CREDIT balance, overhead is OVERAPPLIED, meaning that the overhead assigned to work in process or to the certain job is GREATER than the overhead incurred.
How do you calculate Overhead absorption rate apportionment?
Overhead rate : Overhead rate = total overhead cost / direct labor OR Overhead rate = Total overhead cost / machine hours.
What the meaning of blanket overhead rate?
Blanket overhead rate is the computation of a single overhead rate for one whole factory. Overhead rate is the percentage you get when comparing total overhead expenses to total expenses.
How do you calculate total manufacturing cost?
Weaver Company's predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour.
How do you work an overhead application backwards?
The Towson Manufacturing Corporation applies overhead on the basis of machine hours. The following divisional information is presented for your review:Division ADivision BActual machine hours22,500?Estimated machine hours Overhead application: Working backward20,000?Overhead application rate$4.50$5.00Actual overhead$110,000?Estimated overhead?$90,000Applied overhead?$86,000Over- (under-) applied overhead?$6,500Find the unknowns for each of the divisions.
How do you determine the overhead rate when applying overhead costs?
Using direct labor hours: Overhead rate = Total Overhead Expenses /Direct labor hours Using Machine hours: Overhead rate = Total Overhead Expenses /Machine hours
What is the average rate on a business savings account nationwide?
There are variable rates when it comes to business savings accounts. On average, a nationwide rate is around 3.25% APY.
