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ANEK [815]
3 years ago
8

Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,750,000 (250,00

0 hours at $15/hour) and that factory overhead would be $1,550,000 for the current period. At the end of the period, the records show that there had been 230,000 hours of direct labor and $1,250,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.)
Business
1 answer:
Zepler [3.9K]3 years ago
7 0

Answer:

Allocated overhead= $1,430,600

Explanation:

Giving the following information:

The company's executives estimated that direct labor would be $3,750,000 (250,000 hours at $15/hour) and that factory overhead would be $1,550,000 for the current period.

The records show that there had been 230,000 hours of direct labor.

Using direct labor hours as a base.

Predetermined overhead rate= total estimated manfacturing overhead for the period/ total amount of allocation base

Predetermined overhead rate= 1555000/250000= $6.22 per hour

Allocated overhead= Predetermined overhead rate*actual hours= 6.22* 230000= $1,430,600

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Answer: A. The fastest-growing share of the workforce is at least 55 years old.

Explanation:

The options to the question are:

A. The fastest-growing share of the workforce is at least 55 years old.

B. The fastest-growing age group is workers 16-25, who are prone to having accidents.

C. The largest proportion of the labor force is expected to be in the 16- to 25-year age group.

D. The total cost of labor in the United States will decrease considerably in the near future.

E. The labor force is expected to grow at a greater rate by 2026 than at any other time in U.S. history.

From the question, we are informed that Hadley, a business researcher, believes that organizations will have to spend a lot of money on employee health care in the future while Owen argues that organizations will not have to increase their spending on employee health care benefits.

The statement that weakens Owen's argument is that the fastest-growing share of the workforce is at least 55 years old. This simply means there are more old people incthe the workforce and that means there'll be more tendency for them to go to hospitals when ill compared to youths who'll be stronger.

5 0
3 years ago
Garcia Company reports the following information: Net operating income after taxes $100,000 Before-tax operating income $300,000
Andrew [12]

Answer:

B) $50,000

Explanation:

Cost of Capital is the rate which is required by the capital investment by the shareholders or owners of the business. Residual Income is the portion of net income after paying the investors of the company. This income is reinvested or retained by the business.

Net operating Income after tax = $100,000

Average Invested Capital = $500,000

Cost of Capital = $500,000 x 10% = $50,000

Residual Income = Net Income - Cost of capital

Residual Income = $100,000 - $50,000

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7 0
3 years ago
If you fail the behind-the-wheel driving test, you must pay a retest fee for a second or subsequent test and wait _______ before
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If you fail the behind-the-wheel driving test, you must pay a retest fee for a second or subsequent test and wait<u> 1 week</u> before you are retested.

A driving test (additionally referred to as a using examination, driving force's test, or street check) is a procedure designed to check someone's capacity to drive a motor vehicle. It exists in numerous forms globally and is mostly a requirement to obtain a driver's license.

A driving test check typically includes one or elements: the realistic take a look at, called an avenue to take a look at, used to evaluate a person's driving capability underneath normal operating situations, and/or a written or oral check (concept check) to verify a person's know-how of driving and relevant guidelines and laws.

Learn more about driving test here: brainly.com/question/2666433

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8 0
1 year ago
Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, th
umka2103 [35]

Answer:

$468,844 approx.

Explanation:

<u>Assumption</u>: <u>Since the question is incomplete, with the available information it has been construed that calculation of bond price is required and the question has been solved accordingl</u>y.

The price of a bond is the present value of future cash receipts it generates to the investor in the form of interest stream and principal stream.

B_{0} = \frac{i}{(1\ +\ ytm)^{1} }\ +\ \frac{i}{(1\ +\ ytm)^{2} }\ +.....+\frac{i}{(1\ +\ ytm)^{n} } \ + \frac{RV}{(1\ +\ ytm)^{n} }

wherein,

B_{0} = price of bond as on today

i = annual coupon payments

ytm= investor's expectation of interest or market rate of interest on similar bonds

RV = Redemption value of such bonds assumed to be the face value

n = term to maturity

B_{0} = \frac{22500}{(1\ +\ .05)^{1} }\ +\ \frac{22500}{(1\ +\ .05)^{2} }\ +.....+\frac{22500}{(1\ +\ .05)^{20} } \ + \frac{500000}{(1\ +\ .05)^{20} }

B_{0}= 12.46221  × 22,500 + 0.376889 × 22,500 = 280,399.725 + 188444.5

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This is the present value of the bond which is lower than it's face value because market rate of return of similar bonds is higher than the coupon rate of payment by Westside Corporation.

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<h3>What is a configuration change?</h3>

In a system, a configuration change is said to occur when one modify a component information that is subject to change control.

In conclusuin, the configuration change will enable the System Administrator to help the Sales Reps remember is to enable the opportunity setting to prompt users to add products to opportunities.

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7 0
2 years ago
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