Answer:
To calculate the total cash disbursement for manufacturing overhead, take the total manufacturing overhead cost less depreciation.
Total manufacturing overhead cost
= Variable costs + Fixed costs
= (direct labor hours x rate per direct labor hour) + Fixed costs
= (3000 x $5) + $43140
= $15000 + $43140
= $58140
Cash disbursement cost
= Total manufacturing overhead cost - depreciation
= $58140 - $3620
= $54520
The January cash disbursement for manufacturing overhead is $54520.
Explanation:
A few key points to remember:
Fixed manufacturing overhead cost is all the costs of production which stay constant such rent, depreciation, etc. In other words components in the manufacturing process which stay constant.
Variable cost is based on the number of direct labor hours and the rate allocated per direct labor hour.
When calculating the cash disbursement, depreciation is taken out as a fixed component from the total manufacturing cost as it is not a cash outlay even though it is a fixed cost. Hence cash disbursement is calculated on the total manufacturing overhead less depreciation.
Answer:
is useful to the IRS in assessing taxes to business entities.
Explanation:
The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
The objective of financial reporting include all of the following to provide information that:
1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.
2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends or interest.
3. Is useful to creditors in making decisions about providing resources to business entities.
In conclusion, the financial report is not useful to the Internal Revenue Service (IRS) in assessing taxes to business entities.
Answer:
Hotco
If it occurred, this would constitute a disadvantage for Hotco of the plan described above:
E) A steady increase in the price of oil beginning soon after the new burner is installed.
Explanation:
A steady oil price increase commencing soon after the new burner is installed will obliterate the actual cost savings from which Clifton Asphalt would be paying Hotco for the oil burners.
This is buttressed by the fact of the payment terms that totally depends on the cost savings.
Even the adjustment after two years may not benefit Hotco if the steady increase in the price of oil persists.
<span>Kotter's 8 steps of leading change can be applied in managing change.</span><span>Creating a sense of urgency will help spark the initial motivation to get things moving. Forming a powerful coalition will ensure that the change effort is supported by key decision makers. Creating a vision for the change will help make it memorable. Communicating the change will ensure that people's concerns are addressed so that they can embrace it. Removing obstacles will reduce resistance faced. Creating short term wins will provide momentum needed to keep the changes going. Building on change will enable shortcomings to be improved. Anchoring the change on corporate culture will ensure that it sticks. </span>
Answer:
The answer is -0.5
Explanation:
I will attach a jpg file explaining the procedure used in obtaining the answer. I used the midpoint formula to calculate for percentage change in Quantity and Price, before calculating the Price-elasticity coefficient.
