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babymother [125]
2 years ago
14

Custom Engines Company has the following estimated costs for the upcoming year: Direct labor costs $62,300 Direct materials used

$25,600 Salary of factory supervisor $37,900 Sales commissions $8900 Heating and lighting costs for factory $22,500 Depreciation on factory equipment $5100 Advertising expense $33,100The company estimates that 2000 direct labor hours will be worked in the upcoming year, while 2200 machine hours will be used during the year. The predetermined manufacturing overhead rate per machine hour is closest to (Round your answer to the nearest whole dollar.)
Business
1 answer:
Olin [163]2 years ago
8 0

Answer:

Estimated manufacturing overhead rate= $30 per machine hour

Explanation:

Giving the following information:

Salary of factory supervisor $37,900

Heating and lighting costs for factory $22,500

Depreciation on factory equipment $5100

Total estimated manufacturing overhead= $65,500

Total amount of allocation base= 2200 machine hours.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 65500/2200= 29.77

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Gala2k [10]

Answer:

$1,780,000

Explanation:

The computation of the initial cash flow for this building project is shown below:

= Estimated building cost + appraised cost of the lot

= $1,110,000 + $670,000

= $1,780,000

Simply we added the estimated building cost and the appraised cost of the lot so that the initial cash flow amount can come.

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
Which ethical approach typically focuses on the attainment of fair and equitable distribution of economic goods and services?
SVETLANKA909090 [29]

Answer:Social justice theory

Explanation:Social justice is a concept which encourages fair and just relationship in terms of how wealth, opportunities are distributed amongst society and individuals.

It encourages that no one shall be deprived of equal access to certain resources and thatg everyone must get their share and thatt shall not be taken away from them.

4 0
3 years ago
Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payment
grandymaker [24]

Answer:

B

Explanation:

Here, in this question, we are asked to determine the decrease in notes payable that peachtree should record in the first year.

To determine this, we proceed as follows;

Interest payment for the first year = 30000*7% i.e 2100

Principal amount paid = Total amount paid - Interest amount

= 7317 -2100 i.e 5217

Notes payable should be reduced by 5217

4 0
3 years ago
Read 2 more answers
The amount of interest you will earn in one year from a savings account is the _____.
Vitek1552 [10]
The Y in APY means yearly, the answer is APY
3 0
3 years ago
Mary sells two products. She finds that when she promotes one product with a lower promotional price, sales increase for the oth
Marina CMI [18]

Answer:

Cheap

Explanation:

If Mary is selling one product at a lower promotional price then the buyer will think the other products are being sold at a lower price too right?

I may be wrong.......

8 0
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