Effective teamwork and high productivity are good indications of positive....

The total factory overhead for Rowland Company is budgeted for the year at $652,000 and divided into two departments: Fabricatio

vlabodo [156]

Answer:

$86

Explanation:

The total overhead for Rowland Co. = $652,000 per annum (p/a). broken down across two departments as follows:

Department/Item (Treadmill) || (Weight Machine)

(Direct labor hours in production) Total

Fabrication = $460,000 p/a 3 || 2

Assembly = $192,000 p/a 1 || 5

Nos of Units for production 4000 || 4000

To produce 4000 Weight Machines, would require 8000 fabrication hours and 20,000 assembly hours. while, 4000 treadmills will require 12,000 fabrication hours and 4,000 assembly hours.

Total number of Fabrication hours for the year is 12,000 + 8,000 = 20,000.

Total number of assembly hours for the year is 20,000 + 4,000 = 24,000

Unit cost per hour of fabrication (uF) = $460,000/20,000 = $23

Unit cost per hour of assembly (uA) = $192,000/24,000 = $8

Therefore, the allocated overhead per unit for each weight machine

= (2 * $23) + (5 * $8) = $46 + $40 = $86

3 0

3 years ago

On January 1, 2018, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To

Nikolay [14]

Answer:

$800

Explanation:

$800 = $400 cash + ($1.0 x 40 shares) common share + ($9 x 40 shares) adjusted price in common shares

3 0

3 years ago

Friendly's quick loans, inc., offers you "ten for twelve or i knock on your door." this means you get $10.00 today and repay $12

valkas [14]

Answer:

Friendly's would say you were paying 1042.86% APR.

Explanation:

Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.

Annual Percentage Rate (APR) can be determined using the following formula:

APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)

Where;

APR = ?

Fees = 0

Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00

Principal = Amount to borrow = $10.00

n = Number of days in the loan term = One week = 7 days

Substituting the values into equation (1), we have:

APR = {[(0 + 2) / 10 / 7] * 365} * 100

APR = 1042.86%

Therefore, friendly's would say you were paying 1042.86% APR.

5 0

2 years ago

Listed below in scrambled order are 11 income statement categories. Rank these categories below in the order they should appear

Lady bird [3.3K]

Answer:

1. Sales Revenue

Always first in an Income Statement.

2. Cost of Goods Sold

Subtracted from Revenue to find Gross Profit.

3. Gross Profit on Sales

Profit net of Cost of Goods sold.

4. Operating expenses

Expenses from the company's operations including wages and depreciation. Subtracted from Gross Profit to find Operating income.

5. Income from operations

Gross profit net of operating expenses.

6. Other revenues and gains

Added to Operating Income.

7. Income from continuing operations before income taxes

8. Income taxes

Subtracted to find income from continuing operations.

9. Income from continuing operations

10. Discontinued operations

Income from divisions and activities that have been discontinued.

11. Net Income

3 0

2 years ago

According to empirical research, in countries where stockholders' rights are strong, firms issue ____ stock than in countries wh

gavmur [86]

According to empirical research, in countries where stockholders' rights are strong, firms issue More stock than in countries where stockholders' rights are weak. Researchers conclude that strong stockholders' rights reduce moral hazard in stock markets.

Explanation

A Moral hazard is said to have occurred when one party (i.e insured Party) increases its exposure to risk ,because some other party bears the cost of those Risk.It reflects the tendency of a person to take more risk as the consequence of the risk taken has to be beard by some other party

The moral hazard problem is less severe in bond markets than in stock markets. In addition, moral hazard arises in bond markets when firms issue bonds with high default risk.

So it is appropriate to say that , in countries where stockholders' rights are strong, firms issue More stock than in countries where stockholders' rights are weak. Researchers conclude that strong stockholders' rights reduce moral hazard in stock markets.

3 0

2 years ago