Answer: The manufacturing overhead over applied by $6,600.
Explanation:
Given that,
Manufacturing Overhead from last year’s books at Sharp Manufacturing:
(b) 22,600
(c) 26,600
(d) 157,200
(e) 213,000
Actual manufacturing overhead = b + c + d
= 22,600 + 26,600 + 157,200
= $206,400
Manufacturing Overhead applied = e = $213,000
Manufacturing overhead applied is $213,000 but actual manufacturing overhead is $206,400
Hence,
Manufacturing overhead over applied by:
= Manufacturing Overhead applied - Actual manufacturing overhead
= $213,000 - $206,400
= $6,600
Therefore, the manufacturing overhead over applied by $6,600.
Answer:
$25 per setup
Explanation:
With regards to the above, activity rate is computed as;
= Activity cost pool resources / Activity driver
Activity cost pool resources = $125,000
Activity driver = 5,000
Activity rate for machine setup = $125,000/5,000 = $25 per setup
<span>The answer is ’are business
units or products that have the greatest market share and produce the most cash’.
Monopolies and first-to-market products are commonly termed stars. On the other
hand, because of their high growth rate, stars also use large amounts of cash.
This commonly results in the same amount of money coming in that is going out. </span>
Answer:
paid in capital in excess of par value = $2000
and There will be a debit to Organisation expenses for $4,700
Explanation:
given data
charter authorized = 100,000 shares
common stock = $10 par value
issued = 270 shares
payment = $4,700
solution
we know here that
Paid up value of the stock = $10 per share
and here shares issue to the attorney satisfying the organisation expenses is 270 shares
so common stock = 270 shares × $10
common stock = $2700
so paid in capital in excess of par value = $2000
and There will be a debit to Organisation expenses for $4,700
Answer: .B. Using the fair value method
Explanation: Executive stock options (ESO) are documents that permits certain number of shares in a company's stock to be purchased at an approved strike price within a given time. This is a type of stock option is offered to company's executive and members of its management as a form of incentive and reward system.
The incentive is not made compulsory for company executive to use, but the company must respect the contract if a company's executive decides to use it.
Forms of Executive Stock Options.
• Non qualified stock Option: This is a type of executive stock option that does not allow for long term capital tax rate.
•Incentive stock option: A type of ESO in which capital gain tax rates are allowed but only under certain rules and conditions which must be followed and adhered to.
