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Alex17521 [72]
4 years ago
13

Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:

Business
1 answer:
SSSSS [86.1K]4 years ago
4 0

Answer:

Estimated manufacturing overhead rate= $18 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead for the year $ 37,080

Estimated direct labor hours for the year 2,060

To calculate the estimated 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= 37,080/2,060

Estimated manufacturing overhead rate= $18 per direct labor hour

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A buyer makes and signs a written offer. The seller writes in one small change to the offer and signs it. This document is known
SVEN [57.7K]

Answer:

The correct answer is letter "D": a counteroffer.

Explanation:

A counteroffer is any offer made after an initial offering. It is valid only if both parties in a commercial transaction accept it. Counteroffers imply the initial offering was rejected by one of the parties involved in the transaction, thus, the terms must be reviewed until the parties reach an agreement. Otherwise, the contract would not proceed.

6 0
3 years ago
MNOP Inc. declared a $1.00 dividend with a record date of Thursday, September 15, and a payment date of Thursday, October 20. Ch
Alchen [17]

Answer

C. September 15

Explanation:

since the record date is September 15, She needs to have purchased the stock by September 15 in order to receive the dividend.

8 0
3 years ago
A company reported total stockholders' equity of $340,000 on its balance sheet dated December 31, 2018. During the year ended De
Digiron [165]

Answer:

$420,000

Explanation:

According to the question for computation of total stockholders' equity first we need to find out the addition to retained earning during 2019 which is shown below:-

Addition to retained earnings during 2019 = Net income - Cash dividend - Stock dividend

= $40,000 - $8,000 - $10,000

= $22,000

Total stockholders equity at December 31, 2019 = Stockholders equity, December 31, 2018 + Addition to retained earnings during 2019 + Stock dividend + Issue of new common stock - Purchase of Treasury stock

= $340,000 + $22,000 + $10,000 + $60,000 - $12,000

= $432,000 - $12,000

= $420,000

3 0
3 years ago
A social audit is a systematic assessment of employee happiness within a company.
olga_2 [115]

Answer:

Yes

Explanation:

It will allow the company to understand key areas of improvement to make the work environment the best it can be for the people who work there.

5 0
3 years ago
The Sugar Sweet Company will choose from two companies to transport its sugar to market. The first company charges $3995 to rent
notsponge [240]

For Q1, you have to set these equations equal to each other because it is asking how much of x is necessary to make the same amount of y, so:

3995 + 225.50x = 6500 + 100.25x

solve for x:, and get x=20

so 20 tons of sugar will give the companies the same cost.

For Q2: you need to plug in x=20 into either one of the original equations, and solve for y because this will give you the cost of transportation, so:

y= 3995 + 225.50(20)

y=$8,505 for the total cost

7 0
4 years ago
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