Answer:
The correct statements under the step-down method are:
a. I, II, and III.
Explanation:
The step-down method of allocating the costs of service departments is one of the three methods in use. The others include the direct method and the reciprocal method. With the direct method, service departments' costs are directly allocated to the production departments without any allocation to a service department. The reciprocal method is much more involved, using formulas and calculations. The step-down method allocates the service departments' costs to all the other service and production departments, except itself. This step is eventually followed until all the service departments' costs have been allocated to the production departments.
Answer:
$159
Explanation:
Calculation to determine the service cost component of pension expense for the year ended December 31.
Projected benefit obligation, December 31 555
Add Benefit payments to retirees, December 31
Less Interest cost $54
(12%*450)
Less Projected benefit obligation, January 1 $450
service cost $159
Answer:
I will take management courses at a local business college so that I will be promoted to bank manager in less than five years.
Explanation:
Answer:D
Explanation: :) trust me look at meh face
Answer:
$31 per hour
Explanation:
The predetermined overhead rate is computed as
= Estimated manufacturing overhead / Estimated direct labor hours
Given that
Estimate manufacturing overhead = $629,300
Estimated direct labor hour = 20,300
Therefore,
Predetermined overhead rate
= $629,300 / 20,300
= $31 per hour
