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natita [175]
3 years ago
8

Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginnin

g of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 38,600 labor-hours. The estimated variable manufacturing overhead was $5.90 per labor-hour and the estimated total fixed manufacturing overhead was $1,093,924. The actual labor-hours for the year turned out to be 35,800 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
Veronika [31]3 years ago
8 0

Answer:

Overhead rate= 34.24

Explanation:

Giving the following information:

Labor-hours for the upcoming year at 38,600.

The estimated variable manufacturing overhead was $5.90.

The estimated total fixed manufacturing overhead was $1,093,924.

Overhead rate= Estimated indirect cost/allocation measure

Overhead rate=[(38600*5.90+1093924)]/38600= 34.24

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Leona [35]

Answer:

$18,910.00

Explanation:

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Extra monthly charge $160

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Other utilities $860 per year

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The monthly rent per year will be

=$1240 x 12

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Parking charges per year

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=$1,920

Electricity charges per year

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=$1,080

Other utilities per year

=$860

Insurance per year

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The annual cost will be

=$14,880 + $1,920 + $1,080 + $860 + $170

=$18,910.00

8 0
3 years ago
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Answer:

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Explanation:

4 0
3 years ago
Over the next three years, Distant Groves wl pay annual dividends of $.65, S.70, and $.75 a share, respectively. After that, div
hichkok12 [17]

Answer:

c) $5.68

Explanation:

The worth of this stock today is the present value of the future dividends which is computed by discounting future dividends as well as the terminal value using the required rate of return of 14.5% as the appropriate discount rate as shown thus:

Year 1 dividend=$.65

Year 2 dividend=$0.70

Year 3 dividend=$0.75

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terminal value of dividends=$0.75*(1+2%)/(14.5%-2%)=$ 6.12  

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share price=$5.68  

5 0
3 years ago
Burns Corp. had the following items:
OLga [1]

Answer:

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This net effect realized during the year in the Comprehensive Income statement because these transaction does not directly relate to core operation of the entity.

7 0
3 years ago
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DENIUS [597]

Answer:

The answer is B :)

Explanation:

4 0
1 year ago
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