Answer:
$652,858
Explanation:
Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity
= $717,474 ÷ 364,200
= $1.97 per direct labor hour
Allocated overheads = Predetermined overhead rate x Actual Activity
= $1.97 x 331,400 direct labor hours
= $652,858
therefore,
The overhead allocated for May is $652,858.
Answer:
- The corporation survives even if managers are dismissed.
- Shareholders can sell their holdings without disrupting the business.
Explanation:
Large corporations are not as easy to dissolve as other types of companies because they have other resources that are able to keep them going if they lose some. One of those resources could be a manager. Should a manager be dismissed, the corporation will survive and simply replaced the dismissed manager.
Also with such corporations, the shareholders can simply sell their shares and the business's operation will not be disrupted as the shareholders do not have any direct say over the day to day running of the business.
Advertising keeps consumers informed about new products in the market at their disposal.
Answer:
Option B fits perfectly,$1.61
Explanation:
Basis earnings per share is the total earnings attributable to common stock divided by the weighted average number of common stock in the year.
Earnings attributable to common is net income minus preferred stock dividends
Net income is $361,000
preferred stock dividend=20,100*$1.70=$ 34,170.00
earnings attributable to common stock=$361,000-$ 34,170=$ 326,830
Weighted average number of common stock is 203,000 shares
basic earnings per share= $326,830/203,000=$1.61
The correct option is B,$1.61
