Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $468,000, and direct labor costs to be $2,340,000. Actual overhead costs for the year totaled $431,000, and actual direct labor costs totaled $1,970,000. At year-end, the balance in the Factory Overhead account is a:

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)