Answer:
prepaid expense 15,500 debit
prepaid insurance 15,500 credit
Explanation:
<em>The amount of unexpired insurance will be the ending balance of the account</em>
4,500 debit
+ 16,600 premium paid
+/- adjustment
5,600 ending
4,500 + 16,600 - 5,600 = 15,500
Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
Answer:
c. $33.33 per housekeeping hour
Explanation:
The housekeeping department's activity rate is how much each housekeeping hour costs.
This question can be solved by a simple rule of three.
27000 hours cost $900000. How much does 1 hour cost?
27,000 hours - $900,000.
1 hour - $x.



So the correct answer is:
c. $33.33 per housekeeping hour
Answer:
1.267 = Overhead Rate
Explanation:
<em>As general approach,</em> the manufacturing rate, along with any rate is done by dividing the cost by a cost driver.

In this case teh cost is the manufacturing overhead and the cost driver the direct materials cost:

<em>Using Direct Materials cost, the rate would be:</em>
