Business cycles are

Nil co. uses a predetermined factory overhead application rate based on direct labor cost. for the year ended december 31, nil’s

Novosadov [1.4K]

Answer: “over-applied by $30,000”

We know that the Manufacturing Overhead is applied using direct labor cost as the driver. The predetermined application rate using the direct labor cost is calculated:

Rate = Estimated Overhead/Estimated Driver

Rate = $600,000/($6.00 x 50,000)

Rate = $600,000/$300,000

Rate = $2 of overhead is applied for every $1 of direct labor cost

Since the actual direct labor cost is $325,000, therefore:

Manufacturing Overhead = $325,000 x $2

Manufacturing Overhead = $650,000

Since actual Manufacturing Overhead is only equal to $620,000, this means that it is “over-applied by $30,000”

8 0

3 years ago

Social career skills include: helping reading negotiating coordinating

jolli1 [7]

The answer is helping
Social work is a profession concerned with helping individuals

4 0

3 years ago

Drag the tiles to the correct boxes to complete the pairs. Match each law with its benefit for consumers. Economic Growth and Re

kow [346]

Answer:

1. Economic Growth and Regulatory Paperwork Reduction Act - Consumer has less paperwork to go through to buy a new house

The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) is a law that requires that the regulatory bodies of Federal Deposit Insured Corporation insured institutions such as banks and savings organisations review the documents they require from said banks to see if there are any unnecessary requirements needed. This will translate to fewer paperwork for the customers of such banks who for instance seek a mortgage to buy a house.

2. Fair Credit Reporting Act - Consumer disputes financial information reported to a credit scoring company

The Fair Credit Reporting Act (FCRA) gives consumers the right to dispute the information reported to a credit scoring company. It also regulates how these companies are allowed to collect and share the acquired data.

3. Federal Deposit Insurance Act - The FDIC has the right to review companies for consumers

4. Children's Online Privacy Act - Consumer refuses to provide their five-year-old child's financial data to a company.

The Children's Online Privacy Protection Act was passed in 1998 as a means to allow parents to determine what information about their children that websites can collect. Children in this case refers to people under the age of 13.

5 0

3 years ago

At the beginning of 2018, England Dresses has an inventory of $140,000. However, management wants to reduce the amount of invent

Bad White [126]

Answer:

purchases = 160000

Explanation:

given data

beginning inventory = $140,000

amount of inventory on hand = $80,000

net sales = $400,000

gross profit rate = 40%

solution

we first Computation of cost of goods sold hat is

Gross profit rate = $\frac{gross profit}{net sales}$ × 100

= $\frac{gross profit}{400000}$ = = $\frac{40}{100}$

= 100 Gross profit = 16000000

so

Gross profit = 160000

and

Cost of goods sold is = sales - gross profit

so

Cost of goods sold = 400000 - 160000

Cost of goods sold = 240000

and

Cost of goods sold = opening inventory + purchases - closing inventory

so put here value

240000 = 140000 + purchases - 60000

so purchases = 160000

7 0

3 years ago

JO Electronics is considering two plans for raising $ 5 comma 000 comma 000 to expand operations. Plan A is to issue 6% bonds

trasher [3.6K]

Answer:

Plan A results in higher EPS

Explanation:

The bonds' issuance option would require that the company pays interest on the bonds.

Original eps =$400,000/600,000=$0.67

Interest on bonds=$5,000,000*6%=$300,000

Additional income $800,000

less interest expense ($300,000)

earnings before tax $500,000

tax at 40% ($200,000)

additional net income $300,000

new eps=($400,000+$300,000)/600,000=$1.17

EPS under the Plan B=$400,000+($800,000*(1-40%))/(600,000+200,000)

=$880000 /800,000=$1.10

8 0

3 years ago