Answer:
Explanation:
Pretrial Stage - discovery process, finding of facts. ... Trial Stage - seating of the jury, testimony on behalf of the plaintiffs and testimony on behalf of the defendants
Answer:
Pretrial Stage - discovery process, finding of facts. ... Trial Stage - seating of the jury, testimony on behalf of the plaintiffs and testimony on behalf of the defendants.
Pharoah Corporation had the following activities in 2020.
1. Sale of land $174,000 4. Purchase of equipment $426,000
2. Purchase of inventory $915,000 5. Issuance of common stock $345,000
3. Purchase of treasury stock $65,000 6. Purchase of available-for-sale debt securities $63,000
Compute the amount Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash select an option by investing activities $enter a dollar amount
Answer:
-$315,000
Explanation:
Computation for the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows
Sale of land $174,000
Less Purchase of equipment ($426,000)
Less Purchase of available-for-sale debt securities ($63,000)
Net cash provided (used) by investing activities -$315,000
Therefore the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows will be -$315,000
Sheridan Beverage Company reported the following items in the most recent year.
Net income $49,000 Dividends paid 6,810 Increase in accounts receivable 13,660 Increase in accounts payable 8,660 Purchase of equipment (capital expenditure) 9,020 Depreciation expense 5,660 Issue of notes payable 22,020
Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in CashIssue Notes Payable Increase in Accounts Receivable Decrease in Accounts Payable Increase in Accounts Payable Purchase of Equipment Dividends Net Income Decrease in Accounts Receivable Depreciation Expense Compute free cash flow.Free Cash Flow $Brief Exercise 5-12 Keyser Beverage Company report
Answer:
Net cash provided by operating activities $49,660
Net change in cash $55,850
Explanation:
Computation for the Net cash provided by operating activities
Net income$49,000
Add Increase in accounts payable 8,660
Add Depreciation expense 5,660
Less Increase in accounts receivable (13,660)
Net cash provided by operating activities $49,660
Cash flow from investing activities
Less Purchase of equipment (capital expenditure) (9,020)
Cash flow from financing activities
Add Issue of notes payable 22,020
Less Dividend (6,810)
Cash flow from financing activities 15,210
(22,020-6,810)
Net change in cash $55,850
($49,660-9,020+15,210)
Therefore Net cash provided by operating activities will be $49,660 and the Net change in cash will be $55,850
Stuart Modems has excess production capacity and is considering the possibility of making and selling paging equipment. The following estimates are based on a production and sales volume of 2,600 pagers. Unit-level manufacturing costs are expected to be $36. Sales commissions will be established at $2.60 per unit. The current facility-level costs, including depreciation on manufacturing equipment ($76,000), rent on the manufacturing facility ($66,000), depreciation on the administrative equipment ($16,800), and other fixed administrative expenses ($79,950), will not be affected by the production of the pagers. The chief accountant has decided to allocate the facility-level costs to the existing product (modems) and to the new product (pagers) on the basis of the number of units of product made (i.e., 6,600 modems and 2,600 pagers).
a. Determine the per-unit cost of making and selling 2,600 pagers. (Do not round intermediate calculations. Round your answer to 3 decimal places.)b. Assuming the pagers could be sold at a price of $50 each, should Stuart make the pagers?
Answer:
Stuart Modems
a. The per-unit cost of making and selling 2,600 pagers is:
= $64.55
b. Assuming that Stuart could sell the pagers at a price of $50 each, it should still go with the plan to make and sell the pagers. The variable cost for producing a pager is $38.60. Each pager will make a unit contribution margin of $11.40, which will help to offset the facility-level costs since they will not be influenced by the production of the pagers.
Explanation:
a) Data and Calculations:
Production and sales volume = 2,600 pages
Unit-level manufacturing costs = $36
Total manufacturing costs = $93,600 ($36 * 2,600)
Sales commissions = $6,760 ($2.60 * 2,600)
Facility-level costs:
Depreciation on manufacturing equipment ($76,000)
Rent on the manufacturing facility ($66,000)
Depreciation on the administrative equipment ($16,800)
Other fixed administrative expenses ($79,950)
Total facility-level costs = $238,750
Overhead rate = $25.95 ($238,750/9,200)
Cost of making and selling 2,600 pagers:
Total manufacturing costs = $93,600
Overhead costs ($25.95 * 2,600) 67,470
Sales commissions = 6,760
Total cost of making and selling $167,830
Unit cost = $64.55 ($167,830/2,600)
Variable cost of making and selling a unit of pager:
Unit-level manufacturing costs = $36.00
Sales commissions = $2.60
Total variable costs = $38.60
Revenue per unit = $50.00
Contribution per unit = $11.40
A company share was exchanged at 36 pence per share on the stock exchange on the
6
th Oct. 2014. 25% of the value was wiped out from the share in the next day trading
(7th Oct.2014)
What is the new share price?
Answer: 27 pence
Explanation:
From the question, we are given the information that a company share was exchanged at 36 pence per share on the stock exchange on the 6th Oct. 2014 and that 25% of the value was wiped out from the share in the next day trading which was 7th Oct.2014.
The new share price will be gotten by deducting 25% of 36 pence from the former value which is 36 pence. This will be:
= 36p - (25% × 36p)
= 36p - (0.25 × 36p)
= 36p - 9p
= 27p
The new share price is 27 pence.
When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
b. gains or losses on the conversion are recognized.
c. the market price of the stock on the date of conversion is credited to the Common Stock account.
d. the market price of the bonds on the date of conversion is credited to the Common Stock account.
Answer:
When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
Explanation:
This is because the conversion price, which is the price at which the convertible bond is converted into the common stock of the entity, is usually set initially when the conversion ratio is first decided on. Therefore, the market prices of the stock and the bonds are not taken into account when the conversion recording is being done.
Elaborate on the meaning of lobbying and networking
Answer:
The description of the given topics is described below in the explanation portion.
Explanation:
Lobbying:
The certain effort by individuals or organizations of corporate profit to manipulate political policies that are seen as lobbying. It related in its initial sense to the attempts made by politicians throughout the lobby outside the legislature to manipulate their voting.Networking:
The interlinking of many computers is called computer networking, throughout the order to participate in computer tools.Needs and wants are limited, you are only limited by your mind. If you can imagine it, then your business can provide it.
A: True
B: False
An economist for the Brookings Institution argues that "a price on carbon would minimize the cost of steering economic activity away from the greenhouse gas emissions that threaten the climate."
Source: Fred Dews, "10 Things You Should Know about the Carbon Tax," brookings.edu, May 4, 2016.
In what sense does a carbon tax put a price on carbon?
A carbon tax puts a price on carbon by increasing the private cost of polluting.
C.
A carbon tax puts a price on carbon by decreasing the social benefit of polluting.
D.
A carbon tax puts a price on carbon by decreasing the private benefit of polluting.
Answer:
A carbon tax puts a price on carbon by increasing the private cost of polluting.
Explanation:
Going by the argument of the economist of Booking institution, it can be concluded that a carbon tax put a price on carbon "by increasing the private cost of polluting."
As the private cost of polluting increases, this will discourage the private individuals or businesses in carrying out activities that emit greenhouse gases in the human environment which in turn threatens the climate.
Explain the importance of understanding how teams work together to achieve the same goal
Answer:
Graco docs fox
Explanation:
hii if good go go in the morning and will be able to get to know the first to rate this article on essy on the other day and time again for your time in you mam hindi meanings and the morning to ensure that we have DJs thrive and willWhat was the name given to the first computer (machine) language?
A. ASCII
B. GUI
C. URL
D. ARPA
Describe how the 4 functions of management (planning, Organizing, Leading and Controlling relate to each other
John Rawls owns and operates Philosophical Consulting, Inc. During 2019 and 2020 he made the following purchases of assets for use in the business:
Asset Date of Purchase Cost
Office Furniture 5/1/2019 $100,000
Computer System 9/15/2020 $500,000
In addition, his business income before any cost recovery deduction in 2020 is $350,000. Prior to 2020, he only used regular MACRS depreciation for all purchases. However, at the beginning of 2020 he decides to take the maximum deduction possible for all new purchases. Ignore any excess business or net operating loss limitations.
Required: What is the 2020 cost recovery deduction for Philosophical Consulting, Inc?
Answer:
The right solution is "600000".
Explanation:
The given values are:
Cost of office furniture,
= $100,000
Cost of the computer system,
= $500,000
The changed MACRS enables a company to reduce the mortgage balance of such deteriorating properties over time.Throughout the very first years, MACRS permits quicker depreciation although subsequently slows down depriving. This seems to be fantastic for corporations from a tax point of view.Now,
The cost recovery deduction will be:
= [tex]Office \ furniture+Computer \ system[/tex]
On substituting the values, we get
= [tex]100000+500000[/tex]
= [tex]600000[/tex]
entrepreneur are usually positive thinker and decision maker why? help me
Answer:
Entrepreneurs are usually positive thinkers because they have to find business opportunities in the market, and materialize them into economic profit. They need to have some degree of positive belief in order to take the steps necessary to materialize their business ideas.
They also have to be good decision makers because entrepreneurship and running a business are all about taking good decisions that help the firm adapt to the market and stay afloat.
Adelberg Company has two products: A and B. The annual production and sales of Product A is 500 units and of Product B is 1,000 units. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.4 direct labor-hours per unit and Product B requires 0.2 direct labor-hours per unit. The total estimated overhead for next period is $68,756 The company is considering switching to an activity-based costing system for the purpose of computing unit product costs for external reports. The new activity-based costing system would have three overhead activity cost pools--Activity 1, Activity 2, and Order Size-with estimated overhead costs and expected activity as follows:
Expected Activity Activity Cost Pools Activity 1 Activity 2 Order size Total Estimated Overhead Costs $ 31,031 22,249 15,476 $ 68,756 Product AProduct B 1,000 1,600 200 300 300 200 Total 1,300 1,900 400
(Note: The Order Size activity cost pool's costs are allocated on the basis of direct labor-hours.)
The predetermined overhead rate under the traditional costing system is closest to:________.
a. $11.71 per DLH
b. $38.69 per DLH
c. $171.89 per DLH
d. $23.87 per DLH
Answer:
Predetermined manufacturing overhead rate= $171.89 per direct labor hour
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Total direct labor hours= (500*0.4) + (1,000*0.2)= 400 direct labor hours
Predetermined manufacturing overhead rate= 68,756 / 400
Predetermined manufacturing overhead rate= $171.89 per direct labor hour
Write out the sample space for the given experiment. Use the following letters to indicate each choice: G for garbanzo beans, O for olives, T for turkey, E for eggs, R for ranch, and V for vinaigrette.
When deciding what you want to put into a salad for dinner at a restaurant, you will choose one of the following extra toppings: garbanzo beans, olives. Also, you will add one of following meats: turkey, eggs. Lastly, you will decide on one of the following dressings: ranch, vinaigrette.
Answer:
The sample space is S = {GTR, GER, OTR, OER, GTV, GEV, OTV, OEV}
Explanation:
From the given information:
Let:
G = garbanzo beans
O = lives
T = turkey
E = eggs
R = ranch
V = vinaigrette
Thus, following the description and criteria mentioned in the question;
The sample space is S = {GTR, GER, OTR, OER, GTV, GEV, OTV, OEV}
Weighted Average Method, Separate Materials Cost
Janbo Company produces a variety of stationery products. One product, sealing wax sticks, passes through two processes: blending and molding. The weighted average method is used to account for the costs of production. After blending, the resulting product is sent to the molding department, where it is poured into molds and cooled. The following information relates to the blending process for August:
a. Work in Process on August 1, had 30,000 pounds, 20% complete. Costs associated with partially completed units were:
Materials $220,000
Direct labor 30,000
Overhead applied 20,000
b. Work in Process on August 31, had 50,000 pounds, 40% complete.
c. Units completed and transferred out totaled 480,000 pounds. Costs added during the month were (all inputs are added uniformly):
Materials $5,800,000
Direct labor 4,250,000
Overhead applied 1,292,500
Required:
1a. Prepare a physical flow schedule.
Janbo Company
Physical Flow Schedule
Units to account for:
Units in beginning work in process
Units started
Total units to account for
Units accounted for:
Units completed
From ending work in process
Total units accounted for
1b. Prepare an equivalent unit schedule.
Janbo Company
Schedule of equivalent units
Weighted Average Method
Units completed
Units in ending work in process
Total equivalent units
2. Calculate the unit cost. Round unit cost value to three decimal places.
$
3. Compute the cost of EWIP and the cost of goods transferred out.
Ending work in process $
Goods transferred out $
4. Prepare a cost reconciliation.
Janbo Company
Cost Reconciliation
Costs to account for:
Beginning WIP $
August costs
Total to account for $
Costs accounted for:
Transferred out $
Ending WIP
Total costs accounted for
$
5. Suppose that the materials added uniformly in blending are paraffin and pigment and that the manager of the company wants to know how much each of these materials costs per equivalent unit produced. The costs of the materials in BWIP are as follows:
Paraffin $120,000
Pigment 100,000
The costs of the materials added during the month are also given:
Paraffin $3,250,000
Pigment 2,550,000
Prepare an equivalent unit schedule with cost categories for each material.
Paraffin Pigment
Units completed
Units in ending WIP
Total equivalent units
Unit cost computation:
Costs in BWIP $ $
Costs added
Total costs $ $
Calculate the cost per unit for each type of material. Round your answers to the nearest cent.
Unit paraffin cost $per unit
Unit pigment cost $per unit
We are evaluating a project that costs $644,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 70,000 units per year. Price per unit is $37, variable cost per unit is $21, and fixed costs are $725,000 per year. The tax rate is 35 percent, and we require a 15 percent return on this project.
Required:
a. Calculate the accounting break-even point.
b. Calculate the base-case cash flow and NPV. What is the sensitivity of NPV to changes in the sales figure? Explain what your answer tells you about a 500-unit decrease in projected sales.
c. What is the sensitivity of OCF to changes in the variable cost figure? Explain what your answer tells you about a $1 decrease in estimated variable costs.
Solution :
a).
Particulars Details
Selling price per unit 37
Less : variable cost per unit -21
Margin per unit 16
No. of units sold per unit 70,000
Gross margin 11,20,000
Less : fixed cost - 7,25,000
Profit before depreciation and tax 3,95,000
Less : depreciation -80,500
Profit before tax 3,14,500
Less : Tax -1,10,075
Net profit per year 2,04,425
Project Cost 6,44,000
Accounting breakeven point in years 3.15
b).
Calculating the base Cash - Cash flow and NPV
Particulars Amount
Net profit per year 2,04,425
Add : depreciation 80,500
Base Cash cashflow 2,84,925
Required rate of return 15%
Present value of base cash cash flow 12,78,550
received in 8 years.
Project cost -6,44,000
NPV 6,34,550
The present value of base cash cash flow received in 8 years is calculated as Present value of annuity received at the end of each year $ 2,84,925 at the rate of interest 15% for a period of 8 years.
The sensitivity of the NPV to 500 units decrease in projected sales :
Particulars Details
Selling price per unit 37
Less : variable cost per unit -21
Margin per unit 16
Number of units sold per year 69,500
Gross margin 11,12,000
Less : fixed cost -7,25,000
Profit before depreciation and tax 3,87,000
Less : depreciation -80,500
Profit before tax 3,06,500
Less : tax -1,07,275
Net profit per year 1,99,225
Add : depreciation 80,500
Base Cash cashflow 2,79,725
Required rate of return 15%
Present value of base cash cash flow 12,55,216
received in 8 years.
Project cost -6,44,000
NPV 6,11,216
Original NPV 6,34,550
Sensitive NPV -23,334
c).
Particulars Details
Selling price per unit 37
Less : variable cost per unit -20
Margin per unit 17
No. of units sold per year 70,000
Gross Margin 11,90,000
Less : fixed cost -7,25,000
Profit before depreciation and tax 4,65,000
Less : Depreciation -80,500
Profit before tax 3,84,500
Less : tax -1,34,575
Net profit per year 2,49925
Add : depreciation 80,500
Operating cash flow 3,30,425
Original operating cashflow 2,84,925
Sensitivity of OCF 45,500
Tanner-UNF Corporation acquired as an investment $300 million of 6% bonds, dated July 1, on July 1, 2021. Company management is holding the bonds in its trading portfolio. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $250 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $260 million.
Required:
1. & 2. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate.
3. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2021, balance sheet.
4. Suppose Moody’s bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $260 million. Prepare the journal entries required on the date of sale.
Journal Entry 4a
Prepare any journal entry needed to adjust the investment to fair value.
Journal Entry 4b
Record the sale of the investment by Tanner-UNF.
Answer:
1. July 1, investment in UNF bonds
Dr Investment in bonds HTM 300,000,000
Cr Cash 250,000,000
Cr Discount on bonds 50,000,000
December 31, interest revenue from investment in bonds
Dr Cash 9,000,000
Dr Discount on bonds 1,000,000
Cr Interest revenue 10.000,000
Discount on bonds = ($250,000,000 x 4% x 1/2) - ($300,000,000 x 3% x 1/2) = $1,000,000
2. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, balance sheet.
Investment in bonds HTM = $300,000,000 (face value) - $49,000,000 (discount on bonds) = $251,000,000
Changes in the market value of bonds held to maturity are not considered by the company.
4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $310.0 million. Prepare the journal entry to record the sale.
Dr Cash 310,000,000
Dr Discount on bonds 49,000,000
Cr Investment in bonds HTM 300,000,000
Cr Gain on investment in bonds HTM 59,000,000
Identify TWO possible reasons for unemployment.
The two possible reasons for unemployment are:
An economic downturn when the number of jobs available have reduced. Poor health of labour which prevents labour from working. What is unemployment?Unemployment is when labour that is willing and able to get work cannot find a job. Unemployment can be increased during a recession when there are less jobs available. Also, if the wage rate is too low, it might discourage labour from working.
To learn more about unemployment, please check: https://brainly.com/question/10940465
What is the underlying premise of the resource-based view? Group of answer choices Firms generally have very similar capabilities stemming from almost identical resources Imitation of resources is the best way to achieve competitive advantages Firms differ in fundamental ways because each firm possesses a unique bundle of resources Firms' intangible resources can be very difficult to imitate
Answer:
Firms differ in fundamental ways because each firm possesses a unique bundle of resources
Explanation:
The resource-based view can be regarded as managerial framework utilized in finding strategic resources that can be exploited by a firm so that sustainable competitive advantage can be achieved. It should be noted that the underlying premise of the resource-based view is that Firms differ in fundamental ways because each firm possesses a unique bundle of resources
who is the latest president of America?
Tom has brought $150,000 from his pension to a new job where his employer will match
401(k) contributions dollar for dollar. Each year he contributes $3,000. After seven years,
how much money would Tom have in his 401(k)? Show your calculations.
Explanation:
the answer :171,000
the equation that you need ..is:150,000+3,000(x)
The unit product cost under absorption costing does not include fixed manufacturing overhead cost.
True
False
Answer:
true!
Explanation:
sales dollars are about appropriate allocation base for selling, general, and administrative expenses.
The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000, divided into four activities:
Fabrication $204,000; Assembly $105,000; Setup $156,000; and Inspection $135,000.
Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows:
Fabrication Assembly Setup Inspection
Speedboat 2,000 dlh 1,000 dlh 300 setups 1,100 inspections
Bass boat 3,000 dlh 3,000 dlh 400 setups 1,500 inspections
Each product is budgeted for 250 units of production for the year.
a. Determine the activity rates for each activity.
b. Determine(A) the activity rates for each activity and (B) the activity based factory overhead per unit for each product.
Answer:
Bardot Marine Company
a. Activity rates for each activity:
Fabrication = $40.80/dlh
Assembly = $26.25/dlh
Setup = $222.86/dlh
Inspection = $51.92/dlh
b. The activity based factory overhead per unit for each product:
Speed Bass
Boats Boats
Factory Overhead per unit $927.25 $1472.70
Explanation:
a) Data and Calculations:
Activities Budgeted Speed Bass
Overheads Boats Boats Total Activity rates
Fabrication $204,000 2,000 dlh 3,000 dlh 5,000 dlh $40.80/dlh
Assembly $105,000 1,000 dlh 3,000 dlh 4,000 dlh $26.25/dlh
Setup $156,000 300 dlh 400 dlh 700 dlh $222.86/dlh
Inspection $135,000 1,100 dlh 1,500 dlh 2,600 dlh $51.92/dlh
Total costs $600,000
Units budgeted 250 250 500 units
Speed Bass
Boats Boats
Fabrication = $40.80/dlh $81,600 $122,400
Assembly = $26.25/dlh 26,250 78,750
Setup = $222.86/dlh 66,850 89,144
Inspection = $51.92/dlh 57,112 77,880
Total assigned costs $231,812 $368,174
Units budgeted 250 250
Overhead per unit $927.25 $1472.70
what is a tax bracket?
Answer:
its like different groups if you make more money your in a higher tax bracket but if you make less money your in a lower tax bracket.
Explanation:
A stock expects to pay dividends of $3.77 per share one year from today; $4.56 per share two years from today; and $5.95 per share three years from today. After that, dividends are expected to be constant at $6.22 per share per year indefinitely. Investors require a rate of return of 10 percent on this stock. How much should this stock sell for today?
a. $58.40.
b. $56.71.
c. $50.20.
d. $54.15.
e. $51.99.
explain the difference between a flat tax and a graduated income tax. in your own words.
Answer:
flat tax is a set percentage that dies not change
graduated tax changes according to the amount being taxed. usually, the higher the amount, the higher the tax rate is.
Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.
Answer:
to bad this isn't multiple choice
Explanation:
but it would only make sense if it were scientists. sorry if I'm wrong
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.
All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $72,000. The Ramapo Company uses a single overhead rate to apply all overhead costs. What would the single plantwide rate be if it was based on machine hours instead of labor hours
Answer:
Results are below.
Explanation:
We weren't provided with the number of machine-hours. To guide an answer, I will assume that 35,000 machine hours were estimated in the Fabrication Department.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 84,000 / 35,000
Predetermined manufacturing overhead rate= $2.4 per machine hour
true or false the majority of managerial communication is written in one form or another.
Explanation:
One form of verbal communication is called paralanguage.
True or False
False