Answer:
Predetermined manufacturing overhead rate= $2.15 per direct labor hour
Explanation:
Giving the following information:
It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor hours to manufacture the X-2 Line.
Total overhead= 225,000 + 149,960= $374,960
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 374,960 / (80,900 + 93,500)
Predetermined manufacturing overhead rate= $2.15 per direct labor hour
Answer:
0.67; $485,074.67
Explanation:
Given that,
Total sales revenue = $900,000
Variable expenses = $300,000
Total fixed expenses = $325,000
Contribution margin:
= Sales revenue - Variable expenses
= $900,000 - $300,000
= $600,000
Contribution margin ratio:
= Contribution margin ÷ Sales revenue
= $600,000 ÷ $900,000
= 0.67
Break-even point in dollars:
= Total fixed expenses ÷ Contribution margin ratio
= $325,000 ÷ 0.67
= $485,074.6
Answer: Alicia has a very simple tax return and some degree of tax knowledge. She wants to file taxes without spending any extra money. What is her BEST option for filing taxes? Independently prepare her taxes.
Explanation:
Answer:
D) The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.
Explanation:
The only statement which is true is that which states : The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.
