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anygoal [31]
3 years ago
7

Chelsea, Inc. uses the job costing method and designates the direct labor hours as the allocation base. In 2016, the total estim

ated and actual overhead costs for Chelsea, Inc. was $250,000 and $275,000, respectively. The total estimated and actual direct labor hours for chelsea, Inc. was 25,000 and 28,000, respectively. What is the predetermined manufacturing overhead (MOH) rate per direct labor hour (DLH)?
Business
1 answer:
Aneli [31]3 years ago
8 0

Answer:

$10 per hour

Explanation:

As for the information provided,

Predetermined overhead rate is the rate that is determined based on the expected or estimated level of activity, that is then charged to actual level of activity, which gives us over-applied or under-applied overheads.

In the given case, estimated overheads = $250,000

Estimated direct labor hours = 25,000

Thus, predetermined overhead rate = $250,000/25,000 = $10 per hour.

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_________is a repository of current and historical data of potential interest to managers throughout the organization to assist
OLga [1]

Answer:

Data Warehouse

Explanation:

A “data warehouse” is a repository of current and historical data of potential interest to managers throughout the organisation, that has been organized by subject to assist decision makers to be guided in their decision making.

The data in the data warehouse may be recent or ancient, and may be in its raw form or may have been processed and/or summarized.

Absence of data warehouse in an organisation displays the reality that decision making may not be at its best and that the quality of decisions can be improved, no matter how good they maybe without a data warehouse.

4 0
3 years ago
Match each of the follwoing terms with their descriptions Total Liabilities.
Darya [45]

Answer and Explanation:

The matching is as follows:

a. 2. Shareholder equity as it shows the difference between the assets and liabilities of the firm

b. 4. Total debt it represent the short and long term interest i.e. note payable + long term debt etc

c. 3. Total assets it is a sum of shareholder equity and the total liabilities

d.1. Total liabilities it shows the obligations or the amount owed to creditors

8 0
3 years ago
An aging of Bicycle Company's accounts receivable indicates that $20,000 is estimated to be uncollectible. If Allowance for Doub
V125BC [204]

Answer:

The adjustment to record bad debts for the period will be:

Debit Bad debt expense ($20,000 - $3,000)                    $17,000

Credit Allowance for doubtful accounts                            $17,000

<em>(Bad debt expense required)</em>

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

4 0
3 years ago
Managerial economics can be applied to the non-profit organizations too. Justify this statement?
DIA [1.3K]

Managerial economics can be applied to the non-profit organizations too because it help them in organizing, and controlling their resources.

Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.

<h3>What is Managerial economics?</h3>

Managerial economics is an area of economics that is used for staffing, as well as controlling the resources of the organization.

With Managerial economics , one can carry out:

  • planning
  • directing
  • organizing

In this case, Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.

Learn more about Managerial economics at:

brainly.com/question/15050855

#SPJ1

8 0
2 years ago
M1 is the
Elodia [21]

Answer:

B. money market funds

Explanation:

The most limited definition of money, M1, consists just of cash and various bank accounts that allow check writing. Money in circulation includes cash, traveler's checks, demand deposits, and other types of checkable deposits.

7 0
2 years ago
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