All categories

4 years ago

Barr Mfg. provided the following information from its accounting records for 2013:

Business

1 answer:

Anarel [89]4 years ago

7 0

Answer:

b. $30.00 per hour

Explanation:

Overhead application rate is calculated by dividing the Budgeted overhead by the budgeted level of activity on which the overhead is applied.

Overhead application rate = Budgeted overhead / Budgeted activity

Overhead application rate = Budgeted overhead / Budgeted labor hours

Overhead application rate = $900,000 / 30,000 labor hours

Overhead application rate = $30 per labor hour.

You might be interested in

Silver Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expense

ratelena [41]

Answer:

The correct answer is credit to cash by $320..

Explanation:

According to the scenario, Journal entry of the given data are as follows:

Journal entry

Delivery expense A/c Dr $66

Merchandise inventory A/c Dr $219

Misc. Expense A/c Dr $35

To Cash A/c $320 ( $66 + $219 + $35)

(Being reimbursement of the account is recorded )

Hence, reimbursement of the account includes credit to cash by $320.

6 0

4 years ago

Every day we see more and more impact locally from international business decisions. In your community, how do you see one or mo

natima [27]

Explanation:

For international businesses to settle in a specific location and achieve success in the market, a market segmentation survey must be carried out. This research is essential to discover relevant characteristics about the community of a country or city for example, it is important that the company knows the population that lives in the place where it wants to carry out its activities, therefore, to know characteristics such as age group, tastes, culture, monthly income, etc. is so important for a company, be it a franchise, management contracts or electronic businesses, to be able to align its strategy and action plans in order to conquer the market of a region.

It is important that companies are aware of the peculiar characteristics of a community, in order to adapt to their tastes, customs and values, so that their business is well positioned and meets the desires and needs of a community.

In addition to paying attention to local customs and culture, international companies guarantee jobs for the local community, convenience and must take advantage of the advantages that a local offers, such as cheaper labor, government incentives, potential markets, and develop plans to reduce disadvantages, which can be the disqualified labor and the lack of interest and identification for your product or service.

8 0

3 years ago

Maize Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that

prohojiy [21]

Answer:

The target cost per unit is $3.44 per unit for the filter

Explanation:

Computing the target cost per unit of the filter as:

Computing revenue as:

Revenue = Maximum price per unit × Selling units

where

Maximum price per unit is $4

Selling units are 1,000,000

So,

Revenue = $4 × 1,000,000

Revenue = $4,000,000

The target profit is as:

Target Profit = Minimum rate of return × Revenue

Target Profit = 14% × $4,000,000

Target Profit = $560,000

Now, computing the target profit per unit as:

Target profit per unit = 14% of $4

Target profit per unit = 14% × $4

Target profit per unit = $0.56

Computing the Target cost as:

Target cost = Maximum price - Target profit per unit

Target cost = $4 - $0.56

Target cost = $3.44 per unit

7 0

4 years ago

what is the essence of accounting in the world of business and its consideration for the investing public

andrey2020 [161]

When investing in public companies, investor tend to need various information regarding the companies they wanted to invest in.
And There's where accounting came in.
Accounting will provide various information about a company that will be used by the investors to make their decision

hope this helps

3 0

3 years ago

Means that sellers can restrict people who do not pay for the product from obtaining its benefits

RideAnS [48]

In macroeconomics, excludability means that sellers can restrict people who do not pay for the product from obtaining its benefits.

Such as, if you want to see a concert at a venue, but you did not purchase tickets if the concert is held inside you are not able to go in and watch the show. You must pay for the good or service you are wanting in order to have access to it.

6 0

4 years ago