Little Rascals Child Care Center has decided to change its hours from 6am to 6pm to 7am to 5pm beginning at the start of the nex

The right choice among the options provided is; "<span>c. price, quantity demanded".
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The demand curve is a graphical tool that depicts the relationship between the price of a good and the quantity demanded. Generally, the price appears on the vertical axis to the left, while the quantity demanded is represented along the horizontal axis. There exists an inverse relationship between these two variables, indicating that as the price goes up, the quantity demanded decreases.

Question not complete

Direct Labour Cost is missing

Direct Labor Cost ----- $50,000.00 $270,000.00

Answer:

a.

Overhead Rate (Cutting Department) = $5.5 per machine hour = $5.5 per machine hour

Overhead Rate (Finishing Department) = $12.2 per labour hour

b. Total Manufacturing Cost = $644

c. Yes

Explanation:

a. To determine the predetermined overhead rate appropriate for each department.

Given

Cutting Department

The Cutting Department calculates its rate based on machine-hours

Manufacturing Overhead Costs = $264,000

Machine Hours = 48,000

Finishing Department

For the Finishing Department, the rate is calculated based on direct labor-hours.

Manufacturing Overhead Costs = $366,000

Direct Labour Cost = $270,000

Overhead Rate (Cutting Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Cutting Department) = $264,000/48,000

Overhead Rate (Cutting Department) = $5.5 per machine hour

Overhead Rate (Finishing Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Finishing Department) = $366,000/$270,000

Overhead Rate (Finishing Department) = 1.36

Overhead Rate (Finishing Department) = 136% direct labour cost

b.

The Cutting Department's rate is based on machine-hours

Given

Machine hours = 80 machine hours

Overhead Rate = $5.5 per machine hours ------ This was calculated

The Finishing Department's calculations rely on direct labor-hours.

Given

Direct Labour Cost = 150

Overhead Rate = 136% of labor cost ------ This was deduced

Overhead Applied (Cutting Department) = 80 * 5.5

Overhead Applied = 440

Overhead Applied (Finishing Department) = 136% * 150

Overhead Applied = $204

Total Overhead Applied = $440 + $204

Total = $644

c. Yes

If the business utilizes a company-wide overhead rate linked to direct labor cost and if jobs have increased machine hours paired with lower labor costs, they would incur less overhead expenses.

Answer:

Dow Jones Industrial Average on May 30, 2017:

As stated on valueline.com, on May 30, 2017, the Dow Jones Industrial Average concluded at 21029.47, reflecting a decrease of 50.81.

Closing index = 21029.47

minus the decline = 50.81

Opening index = 21080.28

This indicates that the opening figure was 21080.28.

Explanation:

The Dow Jones Industrial Average tracks the stock performance of 30 significant companies listed on U.S. stock exchanges. This is classified as a stock price index, alongside the S&P 500 and NASDAQ.

The opening index reflects the average price at the start of the trading day before any trades occurred. Throughout the trading period, prices likely fluctuated with various movements. By the trading day's conclusion, the closing price recorded was 21029.47, with a downward change of 50.81.

From this closing index data, one can deduce that the opening price exceeded the closing price by 50.81 or approximately 51 basis points.

Accounting software can assist with which two of the following tasks? B. tracking bills that need to be issued to customers and D. monitoring after-sales services owed to customers. Many businesses utilize accounting software to manage their outstanding bills and monitor the performance of their sales and services. This helps companies oversee all incoming and outgoing funds to ensure proper budgeting and allocation of resources.