Carol ellen is the cost accountant for cc candy manufacturers. for the current year, carol expects to incur a total of $768,420 in manufacturing overhead costs and $465,710 in direct labor costs. cc candy’s variable overhead rate has been 80% of direct labor cost, and that rate is not expected to change. the standard direct labor cost per pound of candy is $5.60. what is cc candy’s standard fixed overhead cost per pound of candy?

predetermined overhead per pound of finished product $4.48

Explanation:

Despite the fact suggesting otherwise; we are told Candy's management will stick to a 80% of direct labor predetermined overhead rate:

if a pound of finished product has a direcrt labor of $5.60 then the factory overhead is:

cost driver x predetermined rate

$5.60 direct labor x 80%

5.6 x 0.8 = 4.48

15 1/2 years old in california

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.