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Step2247 [10]
2 years ago
5

Predetermined Overhead Rate, Overhead Application At the beginning of the year, Ilberg Company estimated the following costs: Ov

erhead $416,000 Direct labor cost 520,000 Ilberg uses normal costing and applies overhead on the basis of direct labor cost. (Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.) For the month of December, direct labor cost was $39,900. Required: 1. Calculate the predetermined overhead rate for the year. Enter the percentage answer as a whole number. % of direct labor cost
Business
1 answer:
Maslowich2 years ago
6 0

Answer:

Overhead = 80% of direct labor cost

Overhead for December = $31,920

Explanation:

As for the provided information, we have:

Overhead rates are based on percentage of direct labor cost.

Overheads = $416,000

Labor cost = $520,000

Therefore, predetermined overhead = \frac{416,000}{520,000} \times 100 = 80

Note: The predetermined rate per hour cannot be calculated as the number of hours or the wage rate is not provided for labor cost, and overheads are based on such rate.

Therefore, for the month of December overhead based on predetermined rate = Labor cost of December \times 80%

= $39,900 \times 80% = $31,920

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Brazil has a population of about 210​ million, with about 150 million over the age of 15. Of​ these, an estimated 25​ percent, o
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B. Since the development of human capital is an important determinant of economic​ growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.

Explanation:

According to the New Growth Theory, it is both human desire and capital the factors that drive economic growth the most.

A literate population that does not read a lot means a lower level of human capital for Brazil, which in turn means that Brazil has a lower potential for economic growth. In order to increase economic growth, the Brazilian government should promote readership among its population.

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2 years ago
Bill heard, as part of the _____ curriculum in his school, that certain races were not as good as others, and that coolness was
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7 0
3 years ago
You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:
goldenfox [79]

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities        $360,000

accounts receivable                           $1,280,000

inventory                                             <u>$2,180,000</u>

Total Current Assets                          <u>$3,820,000</u>

Current Liabilities are those which is payable within next one year.

accrued wages and taxes                   $540,000

accounts payable                                $840,000

notes payable                                      <u>$680,000</u>

Total Current Liabilities                       <u>$2,060,000</u>

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5 0
3 years ago
Blazer Sports Store is preparing to pay its quarterly dividend of $7.75 a share this quarter. The stock closed at $105.64 a shar
Lana71 [14]

Answer:

$99.3625

Explanation:

The computation of ex-dividend stock price is shown below:-

Ex-dividend stock price = Stock closing price - Stock dividend × (1 - tax rate)

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Therefore for computing the ex-dividend stock price we simply applied the above formula.

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