Giannitti corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. data for the upcoming year appear below:

estimated machine-hours 72,700
estimated variable manufacturing overhead $ 3.30 per machine-hour
estimated total fixed manufacturing overhead $ 838,730
the predetermined overhead rate for the recently completed year was closest to:

a. $6.74 per machine-hour
b. $9.90 per machine-hour
c. $14.84 per machine-hour
d. $8.67 per machine-hour

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?

In microeconomics, the point at which supply and demand meet is called the blank price