Answer:C - Generally presented as a part of stockholders' equity
Explanation: The non controlling interest amount is generally presented in the consolidated financial statement as part of stakeholders equity. The non controlling interest is also known as the minority interest. The non controlling interest arises where the parent company has less than 100% ownership in the business.
Answer:
$19.21
Explanation:
The computation of the unit cost per item is as follows:
Beginning merchandise inventory $52,000
Add: Purchases + freight in $293,000 ($280,000 + $13,000)
Less: Ending merchandise inventory -$54,900
Cost of goods sold $290,100
Now the cost of goods sold per unit is
= $277,100 ÷ 15,100 units
= $19.21
Answer:
Budgeted overhead= $283,400
Explanation:
Giving the following information:
Production:
October= 192,000
variable overhead is applied at a rate of $0.70 per unit of production.
Fixed overhead equals $149,000 per month.
To calculate the budgeted overhead, we need to determine the total variable overhead for the month:
Budgeted overhead= fixed overhead + total variable overhead
Budgeted overhead= 149,000 + 0.7*192,000
Budgeted overhead= $283,400
Answer:
Allocation rate Machining= $50 per machine hour
Explanation:
Giving the following information:
Estimated Machining cost= $4,000,000
Estimated Number of machine hours= 80,000
<u>To calculate the allocation rate for the Machining department, we need to use the following formula:</u>
Allocation rate Machining= total estimated costs for the period/ total amount of allocation base
Allocation rate Machining= 4,000,000 / 80,000
Allocation rate Machining= $50 per machine hour
<span>An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes. True
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