Answer:
183,333.33 shares
Explanation:
The computation of the shares of stock need to be sold is shown below:
= Total amount required to expand its current operations ÷ subscription price
= $3,300,000 ÷ $18 per share
= 183,333.33 shares
This is the answer and the same is not provided in the given options
We simply divide the Total amount required to expand its current operations by the subscription price so that the accurate shares can come.
All other information which is given is not relevant. Hence, ignored it
The answer is "$228,000".
net income of based on variable costing = $212,000
<span>beginning and ending inventories were 6,000 units and 10,000 units
</span><span>fixed overhead per unit = $4
This is how we calculate the </span>net income under absorption costing;
$212,000 + (10,000 units × $4) – (6,000 × $4)
= $228,000
Dillon Products produces a range of machined components according to client requirements. The business employs a joborder pricing system and bases overhead costs on machine hours when applying them to works. The firm was expected to work 240,000 machine hours and pay manufacturing overhead expenses of $4,800,000 at the start of the year.
The business worked on a significant order for 16,000 specially produced machined components over the whole month of January. At the start of January, the business had nothing ongoing. [See final answer in attachement]
What is manufacturing overhead cost?
- Manufacturing overhead costs are all expenses spent during the manufacture of goods, except direct labor and direct material costs. Fixed manufacturing overhead costs and variable manufacturing overhead costs are additional categories for manufacturing overhead costs.
- Manufacturing overheads are often referred to as factory overheads and indirect production costs. Since it is challenging to connect these costs directly to each product, they are indirect. To account for this, manufacturing overhead expenses are added to product costs using a pre-set overhead absorption rate.
- The manufacturing overhead expenses per base unit of activity are represented by the overhead absorption rate (also called cost driver).
- Labor costs, labor hours, and machine hours are common cost factors. Because they are capitalized as part of the cost of inventories rather than being expensed in the period in which they are incurred, manufacturing overhead expenses are product costs (inventoriable costs).
To learn more about manufacturing overhead cost,
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For example , motive could be simply because of necessity
Let's say that i want to be a programmer in the future, but i have no computer. I believe that buying one computer product would be a necessary thing to do to achieve my dream so i used my saved money to buy it
hope this helps