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alex41 [277]
3 years ago
13

The Roget Factory has determined that its budgeted factory overhead budget for the year is $15,500,000. They plan to produce 2,0

00,000 units. Budgeted direct labor hours are 1,050,000 and budgeted machine hours are 750,000. Using the single plantwide factory overhead rate based on direct labor hours, calculate the factory overhead rate for the year.
$14.76
$20.67
$7.75
$77.50
Business
1 answer:
arlik [135]3 years ago
4 0

Answer:

The answer is: $14.76

Explanation:

To calculate the factory overhead rate per direct labor hour we must divide the total factory overhead cost over the total amount of direct labor hours.

Factory overhead rate = $15,5000,000 / 1,050,000 direct labor hours

Factory overhead rate = $14.76 per direct labor hour

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The following data were reported by a corporation: 20,000 15,000 3,000the number of outstanding shares is:
7nadin3 [17]

Outstanding shares will be 12,000 shares.

These are calculated as follows:

Here the number of shares are as follows;

Authorized shares are 20,000, Issued shares are 15,000, Treasury shares are 3,000

Therefore, the number of outstanding shares can be calculated as follows

Number of outstanding shares = Issued stock- Treasury stock

= 15,000-3,000

= 12,000

Hence the number of outstanding shares is 12,000

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8 0
1 year ago
_____ are dedicated to promoting human behaviors and industry decisions that are environmentally responsible.
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3 years ago
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Mikey is very picky and insists that his mom make his breakfast with equal parts of cereal and apple juice any other combination
timofeeve [1]

Answer: Mikey's mom will buy 80 tablespoons each of cereal and juice. Option C.

Explanation:

We will get the correct option by calculating each option thus:

Cereal = 4 cents per tablespoon.

Juice = 6 cents per tablespoon.

Option A. 40 tablespoons of cereal and 75 tablespoons of juice.

40 tablespoons of cereal X 4 cents = 160 cents = $1.6

75 tablespoons of juice X 6 cents = 450 cents = $4.5

Option A gives a total of $6.1 (WRONG).

Option B. 100 tablespoons of cereal and 67 tablespoons of juice

100 tablespoons of cereal X 4 cents = 400 cents = $4

67 tablespoons of juice X 6 cents = 372 cents = $3.72

Option B gives a total of $7.72 (WRONG).

Option C. 80 tablespoons each of cereal and juice.

80 tablespoons of cereal X 4 cents = 320 cents = $3.2

80 tablespoons of juice X 6 cents = 480 cents = $4.8

Option C gives a total of $8 (CORRECT)

Option D. 40 tablespoons each of cereal and juice.

40 tablespoons of cereal X 4 cents = 160 cents = $1.6

40 tablespoons of juice X 6 cents = 240 cents = $2.4

Option D gives a total of $4 (WRONG)

Therefore, the correct option is C.

3 0
2 years ago
A stock has a beta of 1.28, the expected return on the market is 12 percent, and the risk-free rate is 4.5 percent. What must th
monitta

Answer:

The expected return=17.78 percent

Explanation:

Step 1: Determine risk free rate, beta and market risk premium

risk free rate=4.5%

beta=1.28

market risk premium/return on market=12%

Step 2: Express the formula for expected return

The expected return can be expressed as follows;

ER=RFR+(B×EMR)

where;

ER-expected return

RFR=risk free rate

B=beta

EMR=expected market return

replacing with the values in step 1;

ER=(4.5)+(1.28×12)

ER=4.5+13.28

ER=17.78

The expected return=17.78 percent

5 0
2 years ago
A company reported net income of $200,000 during 2019. The company reported depreciation expense of $35,000, patent amortization
OLga [1]

Answer:

The correct answer is B

Explanation:

The company’s cash flow from operating activities for the year 2019 is computed as follows;

Net income $200,000

Add:

Depreciation 35,000

Amortization of patent 10,000

loss on the sale of equipment 5,000

Total cash provided by operating activities $250,000

*Depreciation expense, amortization expense and loss on sale on equipment are all non cash transaction which cause a decrease on net income. Thus if we want to know the actual cash activities for the year, we have to add it back to the Net income to arrive the correct answer.

5 0
3 years ago
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