Answer:
C. $9.50 per direct labor-hour
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
where,
Total estimated manufacturing overhead equals to
= Total fixed manufacturing overhead cost + Direct labor hours × variable manufacturing overhead per direct labor-hour
= $497,000 + 70,000 × $2.40
= $497,000 + $168,000
= $665,000
And, the direct labor-hours is 70,000
So the rate is equal to
= $665,000 ÷ 70,000
= $9.5 per direct labor-hour
Answer:
E) Social Loafing
Explanation:
social loafing is the phenomenon of a person who exerts less effort to achieve a goal when working in a group than when working alone
Answer: $4,950
Explanation:
If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.
The 25 units at the end of the year will be the most recent units purchased and so will be;
20 units from the third purchase
5 units from the 2nd purchase
Inventory value = (20 * 195) + ( 5 * 210)
= $4,950
<em>The options are not for this question. </em>
Silence will operate as acceptance in the following circumstances except when the offeror indicates that silence will operate as acceptance
Answer:
Equity multiplier = 2.16
Explanation:
Given:
Total assets = $550,000
Total debt = $295,000
Find:
Equity multiplier
Computation:
Equity multiplier = Total assets / [Total assets - Total debt]
Equity multiplier = $550,000 / ($550,000 – 295,000)
Equity multiplier = 2.16
