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lorasvet [3.4K]
3 years ago
5

Machining: 4 hours (all automated)

Business
1 answer:
irga5000 [103]3 years ago
7 0

Answer:

Allocated overhead= $45

Explanation:

Allocated overhead = Overhead absorption rate × hours required

Machining = 4 hours × $6= $24

Sanding = 1 × $15 = $15

Painting = 2 × $3 = $6

Overhead allocated -= $24 + $15 +$6 = $45

Allocated overhead= $45

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Answer:

Ending RE           153,000

Explanation:

Retained Earning will be calcualte as follows:

$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning

We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)

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Depreciation Expense       (5,900)

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Dividends            (22,000)

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4 years ago
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D. Review your notes and clarify is the correct answer.

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