1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pickupchik [31]
3 years ago
15

Instant Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information fo

r the year:
Budgeted

Actual

Overhead cost $2,100,000 $1,900,000
Computer hours 100,000 90,000
Direct labor hours 200,000 180,000
Overhead is applied on the basis of computer hours.

(A) Compute the predetermined overhead rate.

$____________

(B)Determine the amount of overhead applied for the year.

$___________
Business
1 answer:
Afina-wow [57]3 years ago
5 0

Answer:

a. $21

b. $1,890,000

Explanation:

a. The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated  computer hours)

= $2,100,000 ÷ 100,000 hours

= $21

b. Now the applied overhead which equals to

= Actual computer hours  × predetermined overhead rate

= 90,000 hours × $21

= $1,890,000

You might be interested in
Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's ant
Leto [7]

Answer:

Total cost per unit is $77

Explanation:

Fixed manufacturing overhead per unit = Total fixed manufacturing overhead ÷ Number of units

= $478,800 ÷ 34,200 = $14 per unit

Fixed selling and administrative expenses per unit = Total Fixed selling and administrative expenses ÷ Number of units

= $171,000 ÷ 34,200 = $5 per unit.

Total cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling expenses + Fixed selling expenses

Total cost per unit = $15 + $5 + $11 + $14 + $5 + $5 = $55 per unit.

Markup = 40% of total cost = $55 × 40% = $22

Therefore, total selling price per unit = Cost per unit + Markup

= $55 + $22 = $77 per unit.

7 0
4 years ago
The following section is taken from Blossom's balance sheet at December 31, 2021. Current liabilities Interest payable $ 40,500
aev [14]

Answer:

(a) Journalize the payment of the bond interest on January 1, 2022.

Dr Interest payable - bonds payable 40,400

    Cr Cash 40,400

The interest expense on the bonds payable should have been accrued on the 2021 balance sheet, that is why we debit interest payable and not interest expense.

(b) Assume that on January 1, 2022, after paying interest, Blossom calls bonds having a face value of $100,000. The call price is 103. Record the redemption of the bonds.

Dr Bonds payable 100,000

Dr Call premium 3,000

    Cr Cash 103,000

(c) Prepare the adjusting entry on December 31, 2022, to accrue the interest on the remaining bonds.

interest expense = $405,000 x 8% = $32,400

Dr Interest expense - bonds payable 32,400

    Cr Interest payable - bonds payable 32,400

3 0
4 years ago
"Quail Co. can further process Product B to produce Product C. Product B is currently selling for $60 per pound and costs $42 pe
Lapatulllka [165]

Answer:

$22 per pound

Explanation:

The computation of the differential revenue of producing and selling Product C is shown below:

= Sale value per pound of product C - Sale value per pound of product B

= $82 per pound - $60 per pound

= $22 per pound

By subtracting the Sale value per pound of product B from the Sale value per pound of product C we can get the differential revenue and the same is shown above

6 0
3 years ago
Help pls
Gwar [14]

Answer:

Why should a research check that their information is reliable?

It is important to critically evaluate sources because using credible/reliable sources makes you a more informed writer. Think about unreliable sources as pollutants to your credibility, if you include unreliable sources in your work, your work could lose credibility as a result.

How do you determine the validity and reliability of data?

Reliability can be estimated by comparing different versions of the same measurement. Validity is harder to assess, but it can be estimated by comparing the results to other relevant data or theory.

How do you, as a student, organize information?

Students arrange information hierarchically, cate- gorically, sequentially, or in other ways. They discover and depict the overall structure of the material as well as how discrete pieces of information fit together. They organize and reorganize generalizations, principles, concepts, and facts.

Why should a researcher organize their data?

Choosing a logical and consistent way to name and organise your files allows you and others to easily locate and use them. ... Organising your files carefully will save you time and frustration by helping you and your colleagues find what you need when you need it.

What are different methods for organizing information?

Chronological Patterns. Sequential Patterns. Spatial Patterns. Compare-Contrast Patterns. Advantages- Disadvantages Patterns. Cause-Effect Patterns. Problem-Solution Patterns. Topical Patterns.

What does it mean to analyze information?

Information analysis is the systematic process of discovering and interpreting information.

What is the benefit of analyzing information?

Analysis is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though analysis as a formal concept is a relatively recent development.

Why is it important to analyze information before making a decision?

Before analyzing data, it is important to first clearly understand for whom and for what purpose you are conducting the analysis. ... Therefore, conducting the analysis to produce the best results for the decisions to be made is an important part of the process, as is appropriately presenting the results.

now i hope this helps you

3 0
2 years ago
Help me Please D,B!!!!
Lunna [17]
It is c ..........................................................................................................................................................................
5 0
3 years ago
Other questions:
  • Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $45,000 and a remain
    12·1 answer
  • According to the Bureau of Labor Statistics​ (BLS) high-paying jobs in health care and jobs in​ leisure, hospitality, and educat
    5·1 answer
  • Cullumber Wok Co. is expected to pay a dividend of $1.80 one year from today on its common shares. That dividend is expected to
    5·1 answer
  • ________ is based on research that estimates how much of a product will sell over a given period of time.
    11·1 answer
  • Select the most appropriate answer about bringing components from other continents.
    12·1 answer
  • e. The noneconomic effects of unemployment include a sense of failure created in parents and in their children the costs of movi
    12·1 answer
  • Identify the difference, advantages and disadvantages between Intuition Assessment and Structured Analytical Techniques (SAT).
    5·1 answer
  • Explain the different methods of getting information about foreign employment.​
    9·1 answer
  • In the early days of selling, companies studied and wrote down the sales pitches of their most successful people, and created ca
    12·1 answer
  • Question 6 of 10
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!