Answer:
Predetermined manufacturing overhead rate= $14.8 per machine hour
Explanation:
Giving the following information:
Factory 1
Estimated factory overhead= $18,500,000
Estimated machine hours for year 1,250,000
T<u>o calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 18,500,000/1,250,000
Predetermined manufacturing overhead rate= $14.8 per machine hour
Answer:
$36,230
Explanation:
Month 1 Month 2 Month 3 Month 4
60,000 70,000 50,000 30,000
Calculation for receipts in Month 4:
9000 30% cash in the same month(30000*30%)
12600 60% credit in the same month
(30000*70%*60%
8750 25% in month following sales
(50000*70%*25%)
<u>5880</u> 12% second month following sales
(70000*70%*12%)
<em>36,230</em>
<em></em>
<em>I hope I made myself clear buddy.</em>
<em>Best of Luck.</em>
Answer: substantial
Explanation:
From the question, we are informed that Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and has too little income to have sufficient buying power.
The above analysis shows that Greta is concerned with whether the substantial segment. A segment is said to be substantial when the said segment is big and therefore should be worth targeting and the members of this particular segment should have buying power.
Answer:
b
Explanation:
The total benefit from building the library = 20.000 x $40 = $800,000
The total benefits exceeds the cost of building the library, so the library should be built.
Since all the residents would benefit from the library, all the residents should pay for the library. Thus, all residents should be taxed .
Answer: D) It increases liabilities and decreases stockholders' equity by $1.2 million each.
Explanation:
Even though the company has not paid for the advertisement, the expense has already been incurred and by the Accrual principle of accounting it needs to be recorded.
It will therefore be recorded as an expense which will reduce the Income for the year which is a Stockholder equity account so therefore it will reduce the Stockholder account by $1.2 million.
Because the company has not yet paid for the advert, the amount have to be recorded as a liability to the company so liabilities will increase by $1.2 million.
