Answer:
Under applied = - 40000
Explanation:
Given the estimated manufacturing overhead = $1200000
The direct labor hour = 50000
Direct labor wage rate = $12 per hour
Actual overhead value = $1340000
Now first find the pre-determined overhead rate.
Pre-determined Overhead Rate = 1200000/50000 = 24
Now find the applied overhead.
Now the Applied Overhead = 650000/12 × 24 = 1300000
Given Actual Overhead = 1340000
Under applied = 1300000 - 1340000 =- 40000
Answer:
The difference is $9,450,000
Explanation:
Market Value of Share = $27.50 x 530,000
=$14,575,000
Book Value = $5,125,000.
Difference = $14,575,000- $5,125,000.
=$9,450,000
The market value is greater than book value by $9,450,000
Answer:
$ 50.625
Explanation:
Amount of deposit = $50
interest 5 percent usually per year
Per year interest rate = 5/100= 0.05
Interest rate for 3 months= 0.05/12 x3
=0.0125
Interest amount =0.0125 x50= 0.625
Money in the account will be
=$50+0.625
=$ 50.625
Answer:
The accounting cost and the economic cost associated with Joe's computer software business is $75,00 and the $165,000 respectively.
Explanation:
The computation of the accounting cost and the economic cost is shown below:
Accounting cost = Other Expenses + Salary paid to himself
= $35000 + $40,000
= $75,000
Economic cost = Accounting cost + Salary expense + Rent expenses
= $75,000 + $65,000 + $25,000
= $165,000
