Answer:
Results are below.
Explanation:
<u>To calculate the activities rates, we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Cutting= 360,000 / 200,000= $1.8 per machine hour
Design= 630,000 / 1,500= $420 per setup
<u>Now, we need to determine the predetermined overhead rate for the whole company based on direct labor hours:</u>
Predetermined manufacturing overhead rate= 990,000 / 450,000
Predetermined manufacturing overhead rate= $2.2 per direct labor hour
Answer:
$432,000
Explanation:
The computation of the actual return on the plan assets for the year 2017 is shown below:
Fair Value of plan as Dec 31,2017 $2,559,000
Less:
Fair Value of plan as Jan 1 , 2017 (-$2,177,000)
Increase in fair value $382,000
Less:-Contributions to the plan -$309,000
Add: Benefits to paid to retiree $359,000
Actual return on plan assets for 2017 $432,000
Answer:
e. $12,900
Explanation:
Given that:
Net Cash provided by operating activities = $37,500
Net Cash used in investing activities = $13,800
Net Cash used in financing activities = $17,700
Beginning cash balance = $6,900
Stormer company's ending balance would be;
= Beginning cash balance + Net cash provided by operating activities - Net cash used in financing activities - Net cash used in investing activities
= $6,900 + $37,500 - $17,700 - $13,800
= $12,900
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