Explanation:
The computation is shown below:
1. For Predetermined overhead rate
Predetermined overhead rate = (Total estimated manufacturing overhead for 4 months) ÷ (Total number of units)
where,
Total estimated direct manufacturing cost is
= $166,400 × 4 months
= $665,600
And, the total number of units is
= 4,700 units + 8,700 units + 4,300 units + 7,900 units
= 25,600 units
So, the predetermined overhead rate is
= $665,600 ÷ 25,600 units
= $26 per unit
2. Now the allocated cost for each month is shown below:
For January
= 4,700 units × $26
= $122,200
For February
= 8,700 units × $26
= $226,200
For March
= 4,300 units × $26
= $111,800
For April
= 7,900 units × $26
= $205,400
c. Now the total cost per unit is
= $22 + $26
= $48 per unit
Answer:
$1,035,459.51
Explanation:
First we must determine the issuing value:
- cash flow 1 = $60,000
- cash flow 1 = $60,000
- cash flow 1 = $60,000
- cash flow 1 = $60,000
- cash flow 1 = $1,060,000
using an excel spreadsheet to calculate the bond's price with a discount value of 5%:
the bonds were sold at $1,043,294.77
the effective interest expense = bond's price x market interest = $1,043,294.77 x 5% = $52,164.74
bond's value = bond's price - (coupon payment - effective interest) = $1,043,294.77 - ($60,000 - $52,164.74) = $1,035,459.51
B and C, are bad feautures. A makes more sense, than D, so A should be your answer.
Answer:
1. Inventory account will be affected and assertions of accuracy and valuation will be violated.
2. Assets are overstated and assertion classification is violated.
3. Liability is understated and assertions of accuracy is violated.
4. No impact.
Explanation:
Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.
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