Answer:
a. $21 per machine hours
b. $4,855
Explanation:
a. The computation of the plantwide predetermined overhead rate is shown below:
Plantwide predetermined overhead rate is
= Variable overhead cost rate per machine hour + Fixed overhead cost rate per machine hour
= $2 + (fixed manufacturing overhead cost ÷ Estimated machine hours)
= $2 + ($4,275,000 ÷ 225,000 machine hours)
= $2 + $19
= $21 per machine hour
b. Now the total manufacturing cost assigned is
Particulars Amount
Direct material $1,702
Direct labor $1,221
Variable manufacturing overhead $168
(84 × $2)
Total variable cost $3,091
Add:
Fixed manufacturing overhead
(84 × $21) $1,764
Total manufacturing cost assigned
to Job P90 $4,855
Answer:
Margin of safety ratio= 0.12
Explanation:
Giving the following information:
Sales= 1,250 units
Break-even point in sales= $13,200
Selling price= $12
<u>First, we need to determine the current sales in dollars:</u>
Sales in dollars= 1,250*12= $15,000
<u>Now, the margin of safety ratio:</u>
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= (15,000 - 13,200) / 15,000
Margin of safety ratio= 0.12
Answer:
The answer is false. Partnerships can not sell stocks. They even can not issue shares to finance Thier requirements.
Only the public listed corporations can trade stocks and sell them to the open public in a registered stock exchange.
Explanation:
Answer:
C. to improve control of monetary policy and to increase the information available to investors.
Explanation:
- The government regulates the financial markets for the investor as they ate fully informed and are free from the manipulation and thus the financial markets are made strong by the government and more stable for work.