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Artyom0805 [142]
4 years ago
13

Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and lab

or for the year follows:
Actual manufacturing overhead $150,000
Estimated manufacturing overhead $145,000
Direct labor hours incurred 4,800
Direct labor hours estimated 5,000

Instructions

Compute the predetermined overhead rate.
Business
1 answer:
bixtya [17]4 years ago
5 0

Answer:

POAR = $29 per hour

Explanation:

<em>The overhead absorption is a per-determined rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures</em>

The rate is computed as follows:

Pre-determined overhead absorption rate (POAR)

POAR = Budgeted overhead for the period/Budgeted direct labour hours

          = $145,000/5,000 labour hours

          = $29 per hour

         

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Answer: "C:

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Where could student researchers and/or student subjects find additional resources regarding the IRB approval process? Select all
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Answer:

The correct answer to the following question will be Option D (IRB Office).

Explanation:

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7 0
3 years ago
Grandfather clocks have a particular market in auctions. One theory about the price at an auction is that it is higher when ther
anastassius [24]

Answer:

t value is 1.495

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test statistics:

s = 411.53, n = 14

t = (xbar -mu)/(s/sqrt9n))

= ( 1491.43 - 1327)/(411.53/sqrt(14))

= 1.495

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4 0
3 years ago
Listed below are current asset items for Lester Company at December 31, 2019. Finished goods inventory $35,000 Cash 22,000 Prepa
ioda

Answer:

Current Assets :

Work in process inventory          23,000

Raw materials inventory              17,000

Finished goods inventory           35,000

Supplies                                            500

Accounts receivable                     4,000

Prepaid expenses                         2,000

Short-term investments              25,000

Cash                                            22,000

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Explanation:

Current Assets are always shows in the order of their liquidity in the Balance Sheet. That is the order in which they are quickly be converted into cash within a period of less than 12 months. Start with the Inventories to cash and cash equivalents as shown above.

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3 years ago
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