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ICE Princess25 [194]
3 years ago
15

At the beginning of the year, Ilberg Company estimated the following costs: Overhead $416,000 Direct labor cost 520,000 Ilberg u

ses normal costing and applies overhead on the basis of direct labor cost. (Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.) For the month of December, direct labor cost was $43,700.
Calculate the predetermined overhead rate for the year. Enter the percentage as a whole number.______%of direct labor cost

Calculate the overhead applied to production in December.
Business
1 answer:
katrin [286]3 years ago
4 0

Answer:

Predetermined overhead rate = $0.8 per hour

Overhead applied in December = $34,960

Explanation:

Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours

Predetermined overhead rate = $416,000 / 520,000 hours

Predetermined overhead rate = $0.8 per hour

(as Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.)

Actual Labor hour = 43,700

Overhead applied in December = 43,700 hours x $0.8 = $34,960

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Prior to the merger, Firm A has $1,250 in total earnings with 750 shares outstanding at a market price per share of $42. Firm B
Julli [10]

Answer:

E) $2.31

Explanation:

Shares offered to Firm B = Shares outstanding * 0.5

= 220 * 0.5

= 110 shares

Total shares of firm A after merger = Shares outstanding before merger + Shares offered to Firm B

= 750 + 110

= 860 shares

Total earnings of firm A after merger = $1,250 + 740

Total earnings of firm A after merger = $1,990

Earnings per share of firm A after merger = Total earnings of firm A after merger / Total shares of firm A after merger

Earnings per share of firm A after merger = $1,990 / 860

Earnings per share of firm A after merger = $2.31 per share

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Which distribution channel is a small manufacturer of specialty wood gift products sold to gift shops most likely to use? Assume
lianna [129]

Answer:

C, producer to agent to retailer

Explanation:

For a small manufacturer that cannot afford its own sales force, the best channel or chain of distribution is for the manufacturer to send his products to an agent then the agent sells the retailers.

The agent in this case has the sales force to distribute products which the manufacturer can't afford. This means that the manufacturer is most likely going to cut a deal with the agent as to how much will be remmited or how much the products would be sold to him and then he can pass it on to retailers for an added price.

All of these helps both the manufacturer, agent and retailer make profitsas well as ensure smooth and continuos distribution of products.

Cheers.

6 0
3 years ago
A lead is not a qualified prospect unless they have been evaluated for _____.
ZanzabumX [31]
D. suitability for the product and ability to make the purchase
3 0
3 years ago
In 1-2 sentences, explain how wage discrimination results in unequal pay.
oksian1 [2.3K]
Wage discrimination 
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5 0
3 years ago
Pharoah Company reported net income of $1.30 million in 2022. Depreciation for the year was $208,000, accounts receivable decrea
Jet001 [13]

Answer:

Net cash flow from operating activities

$1,599,000

Explanation:

Pharoah Company

Cash flow from operating activities :

Net income $1,300,000

Net Cash flow from operating activities:

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Add accounts receivable decreased $455,000

Less accounts payable decreased ($364,000)

Net cash flow from operating activities $1,599,000

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3 years ago
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