Answer:
D) $31.
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours
where,
Estimated manufacturing overhead is
= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment
= $37,600 + $22,000 + $5,600
= $65,200
And, the direct labor hours is 2,100
So, the predetermined overhead rate is
= $65,200 ÷ 2,100
= $31
Answer: Please refer to Explanation.
Explanation:
Your question was incomplete so I attached the missing details.
The Carrying Amount of the Division has to be ascertained to move forward as it is needed in calculating the loss on Impairment. It is calculated by subtracting Goodwill from the Net Assets.
= 496 - 214
= $282 million
Calculating the Loss on impairment is done by the following formula,
= Market Price - Carrying Amount of the Division (net of Goodwill) - carrying value of Goodwill
= 335 - 282 - 214
= -$161 million.
Journal Entry
DR Loss on Impairment $161 million
CR Goodwill $161 million
(To record the loss on Impairment)
Answer: Discretionary fiscal policy
Explanation: Discretionary fiscal policy is a tool of fiscal policy used by the government to expand or shrink the economy as per the need. While performing such policy the government changes the level of tax collection or the amount of expenditure done on the economy.
It is a deliberate action by the policy makers and do not automatically accelerates while during inflation or deflation.
Answer:
Suppose Frances earns $550 per week working as a programmer for PC Pros. She uses $9 to order a mojito cocktail at Little Havana. Little Havana pays Dmitri $350 per week to wait tables. Dmitri uses $175 to purchase software from PC Pros.
Identify whether each of the following events in this scenario occurs in the resource market or the product market.
Frances earns $550 per week working for PC Pros
Explanation:
Answer:
Labor productivity= 2.35 tires per hour of work
Explanation:
Giving the following information:
Fok makes 1,000 tires per day with the following resources:
Labor: 425 hours per day at $12.50 per hour.
The labor productivity is calculated based on the number of units made divided by the amounts of hours required:
Labor productivity= 1,000/425= 2.35 tires per hour of work