Answer:
c. $5.1 per hour.
Explanation:
Estimated Manufacturing overhead = $249,000
Estimated direct labour hours = 50,000
Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours
Predetermined overhead Rate = $249,000 / 50,000
Predetermined overhead Rate = $4.98
The given is inconsistent with the options given in this question. A similar question is attached with this answer. The following answer is made according to the attached question. please find that.
Estimated Manufacturing overhead = $254,000
Estimated direct labour hours = 50,000
Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours
Predetermined overhead Rate = $254,000 / 50,000
Predetermined overhead Rate = $5.08 = $5.1 per hour
Answer:
1)
reconciliation of bank balance:
bank balance $2,525
+ deposits in transit 11/29 $125
+ deposits in transit 11/30 $200
- outstanding check N. 322 $17
- outstanding check N. 324 $105
- outstanding check N. 327 $54
adjusted bank balance $2,674
reconciliation of checking account:
checking account balance $2,964
+ error on Check N. 321 $20
- NSF check $185
- unrecorded ATM withdrawal $100
- bank fees $25
adjusted checking account $2,674
2)
To correct the error on Check N. 321
Dr Cash 20
Cr Accounts payable 20
To record NSF check
Dr Accounts receivable 185
Cr Cash 185
To record ATM withdrawal
Dr Drawing - Susan Kyri 100
Cr Cash 100
To record the bank fees
Dr Bank charges 25
Cr Cash 25
A euro equals $1.08 in American dollars.
Answer:
$71.5
Explanation:
Inventory forecast is a way of predicting the volume of inventory required to fulfill future orders based on the existing production capacity and other plans relating to production
equation for forecasting inventory = $22 + 0.125 sales
Current sales = $300 million
Annual sales growth rate =32%
sales for next year = 300 + (300*32%)
300 + 96= $396 million
Applying the equation
Inventory = $22 + (0.125*396)
$22 + $49.5 = $71.5 million
Answer:
The dividend yield for Zack Corporation 8%,the first option
Explanation:
The dividend yield is a measure of business performance used by investors which compares the dividend paid by a stock to its market price(price paid by investors to acquire the stock)
dividend per share for Zack Corporation is $3.90
market price per share is $48
dividend yield =$3.90/$48*100=8.13%
The correct option is the first option 8% since the figure above was simply rounded down to whole number
