A Pay-Survey is a report based on research of compensation rates for workers performing similar jobs in other organisations.
Answer:
Estimated manufacturing overhead rate (Meeting with clients)= $170 per hour
Explanation:
Giving the following information:
Activity Cost Pool - Total Cost - Total Activity
Researching legal issues $ 22,130 and 750 research hours
Meeting with clients $ 1,270,410 and 7,473 meeting hours
Preparing documents $ 93,490 and 5,850 documents
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate (Meeting with clients)= 1,270,410/7,473= $170 per hour
Answer:
b.Cash inflow in the investing activities section.
Explanation:
The cash flow statement shows the cash used or provided by the various activities of an entity during a given period. These activities are categorized into operating, investing and financing activities.
Non current asset sale and purchases are accounted for in the investing section of the cash flow statement as an inflow and an outflow of cash respectively.
Hence, Cash received through the sale of long-term investments would be reported as Cash inflow in the investing activities section.
