Type the correct answer in the box. Spell all words correctly

Highland Industries makes custom yachts using a job cost accounting system. In anticipation of a busy year for 2019, Highland’s

il63 [147K]

Answer:

predetermined overhead per direct labor hour: $11.02

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

To solve for overhead rate we determinate the expected cost and distribute them over a cost driver which is, in this case; direct labor hours

Expected overhead cost:

Machinery maintenance $ 181,350

Utilities $ 226,380

Supervision $ 191,000

Materials handling cost $ 67,000

Building occupancy costs $ 98,270

Indirect materials $ 31,650

Total overhead: $ 795,650

Total direct labor: 72,000

Overhead rate: 795,650 / 72,000 = 11.0206944= $11.02

3 0

2 years ago

Which of these results in a lower net income?

kozerog [31]

I think the correct answer from the choices listed above is the third option. It is the withholdings that result in a lower net income. A withholding tax, also called a retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay that tax to the government.

7 0

3 years ago

Read 2 more answers

Why is personal finance dependent upon your behavior?

AfilCa [17]

Personal finance depends on your behavior because you are the manager of your financial resources, so it is necessary to carry out personal planning of your finances.

Personal financial behavior can be measured by six dimensions, which are:

Emergency funds
Indebtedness level
Savings rates
Asset diversification
Retirement Preparation
Wealth distribution

Personal finances are directly impacted by our behaviors and decisions. Some of these behaviors are subconscious and difficult to identify, but they should be analyzed in case they negatively influence your finances.

Therefore, financial planning is essential to use your financial resources consciously and in accordance with your goals.

Learn more about personal finance here:

brainly.com/question/2961383

8 0

2 years ago

PLEASE HELP, I WILL MARK BRAINLIEST!!! define/describe the following terms. note what the advantages and disadvantages of each a

xeze [42]

The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business. Higher take-home pay.
Tax relief on business expenses.
Greater opportunity for tax planning.
Total control of your business and name.
One company for all your business interests.
Limited liability and protection of personal assets.

7 0

2 years ago

Woodwick Company issues 9%, five-year bonds, on December 31, 2014, with a par value of $96,000 and semi-annual interest payments

ad-work [718]

Answer:

A) The issuance of bonds on December 31, 2016.

Dr Cash 104,031

Cr Bonds payable 96,000

Cr Premium on bonds payable 8,031

B) The first interest payment on June 30, 2017.

Dr Interest expense 3,517

Dr Premium on bonds payable 803

Cr Cash 4,320

C) The second interest payment on December 31, 2017.

Dr Interest expense 3,517

Dr Premium on bonds payable 803

Cr Cash 4,320

4 0

3 years ago