Answer:
Estimated manufacturing overhead rate= $42 per direct labor hour.
Explanation:
Giving the following information:
Calculate the predetermined overhead rate for 2020, assuming Lott Company estimates total manufacturing overhead costs of $ 882,000, direct labor costs of $735,000, and direct labor hours of 21,000 for the year.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 882,000/21,000= $42 per direct labor hour.
Answer:
c) results of business activities should be reported in an appropriate monetary unit.
Explanation:
The unit of measure concept is a standard convention used in accounting, under which all transactions must be consistently recorded using the same currency so the periods are comparable.
The system in which employees can arrive and leave early is known as the Flexitime system.
<h3>
What is the Flexitime system?</h3>
It is a system in which employees' flexible working timings are designed. they can start and finish work at the timings in which they are suitable.
The employees who work in this type of system are known as Flexi employees. It is considered to be the alternative to the traditional 9 to 5 working system
Some of the advantages of the flexitime system is :
- Better working environment
- The confidence of the employees is boosted up
- benefits In terms of pay and leaves
- stress is reduced
So, at willow financial consulting flexitime system is followed by the employees.
learn more about the flexitime system:
brainly.com/question/7984268
#SPJ1
Answer:
BILL OF EXCHANGE. A payment method used in international trade that allows for a period of credit.
CHEQUE. A written instruction to a bank to transfer a certain sum to the account of the payee.
MONEY ORDER. ...
BANK DRAFT. ...
DEBIT CARD. ...
CREDIT CARD. ...
ELECTRONIC FUNDS TRANSFER. ...
DOCUMENTARY CREDIT.
Answer:
Option "Inversely" is correct.
Explanation:
Option “Inversely” is correct because the increase in price level exhibits inflation and a rise in inflation decreases the purchasing power of money. However, if the price level decreases or inflation decreases, then the purchasing power of money increases. Therefore we can see that increase in price level decreases the purchasing power and a decrease in price level increases the purchasing power. Therefore, there is an inverse relationship.
