Answer:
Allocated MOH= $120,400
Explanation:
Giving the following information:
The following fixed overhead data relates to March:
Actual 41,000 units 6,020 hours $125,500
Static Budget 39,000 units 5,850 hours $117,000
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 117,000/ 5850= $20 per hour
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 20* 6,020= $120,400
Answer:
management by objectives is the correct answer.
Explanation:
Answer:
$11,666.67
Explanation:
Data given in the question
Allocated purchase price to a patent = $300,000
Patent expiring period = 20 years
According to the section 197 , Legal life of the patent = 15 years
Since the legal life of the patent is 15 years so it would be amortized in 15 years itself
Now the amortization expense is
= $300,000 ÷ 15 years
= $20,000
Now the total amount for 7 months is
= $20,000 ÷ 12 months × 7 months
= $11,666.67
