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Mkey [24]
3 years ago
6

Merone Company allocates materials handling cost to the company's two products using the below data: Modular Homes Prefab Barns

Total expected units produced 5,800 8,800 Total expected material moves 580 180 Expected direct labor-hours per unit 780 280 The total materials handling cost for the year is expected to be $349,400. If the materials handling cost is allocated on the basis of material moves, the total materials handling cost allocated to the modular homes is closest to: (Round your intermediate calculations to 4 decimal places.)
Business
1 answer:
Olin [163]3 years ago
4 0

Answer:

$266,647

Explanation:

Total Moves = sum of total expected material moves of modular homes and prefab barns  

                    = 580 + 180

                    = 760 Moves

Material handling cost allocated to Modular homes:

= (Expected total materials handling cost ÷ Total moves) ×  total expected material moves of modular homes

= ($349,400 ÷ 760) × 580

= $266,647

If the materials handling cost is allocated on the basis of material moves, the total materials handling cost allocated to the modular homes is closest to: $266,647

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$89,100

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Annual gross rent = Total rent per month × 12

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6 0
3 years ago
The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that:
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The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that a<u>t the end of each year, the</u><u> account balances </u><u>are revised so that they accurately represent the c</u><u>urrent situation.</u>

This is further explained below.

<h3>What is an income statement?</h3>

Generally, When a business first records its prepaid rent, it should do so in either an account on its income statement or one on its balance sheet.

The reason for this is because, at the end of each year, the balances of these accounts should be revised so that they more accurately reflect the situation at the moment.

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Answer:

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