Answer:
$7.5 per machine hour
Explanation:
The computation of the budgeted manufacturing overhead rate is shown below:
The budgeted manufacturing overhead rate = Estimated manufacturing overhead costs ÷ Estimated machine hours
= $300,000 ÷ 40,000 machine hours
= $7.5 per machine hour
In order to compute the budgeted manufacturing overhead rate we simply divided the estimated manufacturing overhead costs by the estimated machine hours.
A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain essential terms. In which this essential terms are important as a way of providing terms that both parties must engage in as a way of meeting the contract that they have agreed on.
Answer:
Date Account Titles and Explanation Debit Credit
Bonds payable $1,000,000
Loss on retirement of bond $13,000
[$1,050,000 - $1,037,000]
Premium on bond $37,000
Cash (1,000,000*105%) $1,050,000
(Record the retirement of the bonds, using a premium account)
The argument above is a deductive reasoning. A deductive reasoning draws a conclusion from a series of premises that are held to be true. The argument also employs no informal fallacy. The confusion lies though on the first premise if it is true.
Answer: Sustainable Procurement.
Explanation:
Sustainable Procurement involves making purchase in such a way that makes it easy for the product bought to be reproduced for sale, as corporate social responsibility is considered when making purchase. Starbucks is making use of sustainable purchase in their transactions with the coffee farmers.
