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Margaret [11]
3 years ago
11

​Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturi

ng overhead cost $ 238 comma 700$238,700 Actual manufacturing overhead cost $ 244 comma 000$244,000 Estimated machine hours 20 comma 20020,200 Actual machine hours 22 comma 70022,700 The estimates were made as of the beginning of the​ year, while the actual results were for the entire year. The amount of manufacturing overhead allocated for the year based on machine hours would have been​ _____ .​ (Round intermediary calculations to the nearest cent and final answer to the nearest​ dollar.) A. $ 217 comma 128$217,128.
Business
1 answer:
sasho [114]3 years ago
3 0

Answer:

The amount of manufacturing overhead allocated for the year based on machine hours would have been​ $268,087

Explanation:

For computing the manufacturing overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $238,700 ÷ 20,200 hours

= $11.81

Now the manufacturing overhead equal to

= Actual direct labor-hours × predetermined overhead rate

= 22,700 hours × $11.81

= $268,087

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5 0
3 years ago
A stock has a beta of 1.4, an expected return of 17.2 percent, and lies on the security market line. A risk-free asset is yieldi
andrew-mc [135]

Answer:

the portfolio's return will be Ep(r)= 9.2 %

Explanation:

if the stock lies on the security market line , then the expected return will be

Ep(r) = rf + β*( E(M)- rf)

where

Ep(r) = expected return of the portfolio

rf= risk free return

E(M) = expected return of the market

β = portfolio's beta

then

Ep(r) = rf + β*( E(M)- rf)

E(M) = (Ep(r) - rf ) / β + rf

replacing values

E(M) = (Ep(r) - rf ) / β + rf

E(M) = ( 17.2% - 3.2%) /1.4 + 3.2% = 13.2%

since the stock and the risk free asset belongs to the security market line , a combination of both will also lie in this line, then the previous equation of expected return also applies.

Thus for a portfolio of β=0.6

Ep(r) = rf + β*( E(M)- rf) = 3.2% + 0.6*(13.2%-3.2%) = 9.2 %

Ep(r)= 9.2 %

5 0
3 years ago
On December 1, 2020, Bramble Corporation incurs a 15-year $1300000 mortgage liability in conjunction with the acquisition of an
weeeeeb [17]

The portion of the second monthly payment made on January 31, 2021, which represents repayment of principal is $15600.

<h3>Mortgage liability </h3>

Mortgage liability limits the liability of potential third parties who were not involved when the mortgage was arranged. For example, if a mortgage is in arrears, the debtor has to pay the outstanding principal and interest, plus late payment and other charges.

<h3>What is mortgage asset or liabilities?</h3>

A current liability for

1) the principal payments that will be coming due within one year after the balance sheet date, and

2) any accrued interest that is owed as of the balance sheet date.

To learn more about current liability  visit the link

brainly.com/question/14287268

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Juanita petino, a nutritionist, decided to test the effects of two breakfast cereals, kinglo and loopy, on different consumer gr
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The answer is experimental research
7 0
3 years ago
A school's band members raised money by selling magazine subscriptions and shirts. Their profit from selling shirts was $\$5$ pe
Savatey [412]

Answer:

They sold 40 shirts and 40 magazine subscriptions.

Explanation:

profit per shirt = $5

set up costs = $40

profit per magazine = $4

S = shirts

C = setup costs

M = magazine

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S = M so we replace

5S - 40 = 4S

5S - 4S = 40

S = 40

They sold 40 shirts and 40 magazine subscriptions.

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2 years ago
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