Answer:
Estimated manufacturing overhead rate= $0.50 per direct labor dollar
Explanation:
Giving the following formula:
The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base.
The estimated overhead costs for the year are $26,000.
Direct labor cost per unit:
Totes= $53
Satchels= $61
Number of units:
Totes= 520
Satchels= 400
First, we need to calculate the total direct labor cost:
Total direct labor cost= 53*520 + 61*400= $51,960
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 26,000/51,960= $0.50 per direct labor dollar
Answer:
A. Dr Cash $100,000
Cr Notes Payable $100,000
B. Dr Interest expense $1,500
Cr Interest Payable $1,500
Explanation:
a Preparation of the entry on April 1 when the note was issued.
Dr Cash $100,000
Cr Notes Payable $100,000
(To record note issued)
B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements
Dr Interest expense $1,500
Cr Interest Payable $1,500
($100,000 x .06 x 3/12)
Answer:
What decision are you trying to make using that information?
Explanation:
By knowing the answer to the question, the researcher could designed their research to provide the most relevant data specifically for that purpose.
<u>for example,</u>
let's say that the purpose of the research is to find out which advertising strategies work the best.
The researcher could specifically separate the date and divided the market shares based on different periods. Each different periods are made represent different advertising strategies.
This would provide frank with the information regarding which strategies cause the most increases in market shares.
Answer:
Prefers a higher return for a given risk and prefers a lower risk for given return.
Explanation:
Answer:
C) Develop an Action Plan
Explanation:
Hope that helps
Sorry if it is wrong