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Oksanka [162]
3 years ago
13

Freight-in and purchase returns and allowance are not deducted from purchases to determine the net delivered cost of purchases.

true or false.
Business
1 answer:
AysviL [449]3 years ago
7 0
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The statement "<span>Freight-in and purchase returns and allowance are not deducted from purchases to determine the net delivered cost of purchases. " is true </span>
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Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
Gnoma [55]

Answer:

Estimated manufacturing overhead rate= $30.5 per direct labor hour

Explanation:

Giving the following information:

Direct labor-hours= 79,000 labor-hours.

The estimated variable manufacturing overhead was $11.90 per labor-hour and the estimated total fixed manufacturing overhead was $1,469,400.

To calculate the predetermined 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= (1,469,400/79,000) + 11.9= $30.5 per direct labor hour

3 0
4 years ago
Which of the following is not true concerning the usage of public land. a. Public land is managed by federal and state agencies.
tekilochka [14]

Answer: The correct answer is "b. Unprotected lands exist inside federal parks.".

Explanation: The statement "Unprotected lands exist inside federal parks" is NOT TRUE concerning the usage of public land because there are no unprotected lands within federal parks.

5 0
3 years ago
Read 2 more answers
What happens if you perm your hair after washing it?
natali 33 [55]
Its almost the same except your heir will be cleaner and fresher. somethimes it depends on your hair type and texture.
5 0
3 years ago
Preparing a Cost of Goods Sold Budget
Art [367]

Answer:

Direct Materials      $    14*20,000            = $ 28000

Direct Labor            $  14*1.9* 20,000       = $ 532,000

Variable Overhead  $ 14*1.9*1.2*20,000  = $ 638400

Fixed Overhead $ 14*1.9*1.8*20,000  =  $957600

Total Manufacturing Cost $                = 2156000

Less: Ending Inventory $   107.8*730 = 78649

Cost of Goods Sold                      $2077306

Working:

Total Manufacturing Cost $  per unit      = 2156000/ 20,000= 107.8 $

Ending Inventory $   107.8*730 = 78649

4 0
3 years ago
Sheldon just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $60
mestny [16]

Answer: $688.17

Explanation:

He has to pay $60 every month on the first day or a lump sum.

The lump sum will be the present value of monthly payments.

This is a stable Cashflow and so is an Annuity and because it is done on the first day of the month it is an Annuity due.

Calculating present value of annuity due is;

= Annuity + Annuity (( 1 - ( 1 + r) ^ -(n - 1)) / r)

= 60 + 60 (( 1 - ( 1 + 0.833%)-¹¹) / 0.833%) )

=60 + 60* 10.4695

= $688.17

Note: interest rate must be divided into 12 to make it monthly rate.

=10%/12

= 0.833%

4 0
3 years ago
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