Answer: $158,000
Explanation:
Equity = Opening equity + Net Income - Dividends
Net Income = Revenue - expenses
= 33,500 - 26,000
= $7,500
Equity = 160,000 + 7,500 - 9,500
= $158,000
Answer:
E. None, i.e., all of the above are true.
Explanation:
A. Services tend to have higher customer interaction than goods.
B. Most goods are common to many customers; services are often unique to the final customer. C. Services tend to have a more inconsistent product definition than goods.
D. Tangible goods are generally produced and consumed simultaneously; services are not.
E. None, i.e., all of the above are true.
All of the above are true
Answer:
FOH rate based on direct labor cost is 22.8%.
Explanation:
The computation of the factory overhead rate based on the direct labor cost is as follows:
Factory Overhead (FOH) Rate on Direct Labor Cost is
= Total Estimated Factory Overheads ÷ Direct Labor Cost × 100
= [$32,000 + $25,000] ÷ $250,000 × 100
= $57,000 ÷ $250,000 × 100
= 22.8%
Therefore, FOH rate based on direct labor cost is 22.8%.
I believe the answer is team.
