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3 years ago

White Company has two departments, Cutting and Finishing.

Business

1 answer:

GaryK [48]3 years ago

7 0

Answer:

Cutting = $10.99 per machine hour

Finishing= $15.28 per direct labour hours.

Explanation:

The question requests the predetermined overhead rate for Cutting department and Finishing department

Step 1: What is the formula for the pre-determined overhead rate

For the Cutting Department

Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Machine Hours +Variable Manufacturing Overhead rate per machine hour.

= $390,000/$43,400) + $2

= $10.99 per machine hour

For the Finishing Department

Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Labour Hours +Variable Manufacturing Overhead rate per machine hour.

= $496,000/43,000) + $3.75

= $15.28 per direct labour hours.

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Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218

Pepsi [2]

Answer:

$519,799.59

Explanation:

Discount rate = R = 14.50%

Year Cash flows Discount factor PV of cash flows

1 218,000.00 0.873362 190,393.0131

2 224,000.00 0.762762 170,858.6793

3 238,000.00 0.666168 158,547.9011

Total of PV = NPV =  $519,799.59

Note:

Df = 1/(1+R)^Year

PV of cash flows = Cash flows x Df

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3 years ago

A minimum acceptable rate of return for an investment decision is called the: Multiple Choice Internal rate of return. Average r

spayn [35]

Answer:

Hurdle rate of return.

Explanation:

A hurdle rate can be regarded as minimum rate of return that is been required by an investor or manager

on a particular project or investment.

The hurdle rate gives the description of the appropriate compensation as regards level of risk present. There are

higher hurdle rates associated with riskier projects.

It should be noted that A minimum acceptable rate of return for an investment decision is called the Hurdle rate of return.

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3 years ago

Which of the following statements refers to rent seeking? "There is an opportunity cost whenever the federal government spends t

puteri [66]

Answer:

Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws

Explanation:

When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.

Implying they seek shelter under this laws that benefit them the most.

For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.

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3 years ago

Read 2 more answers

What would be you KPIs as the finance and human Resource officer?

Debora [2.8K]

Answer:

1.37 - 1.90

Explanation:

Really hard to say a exact number but here's and idea.

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3 years ago

Champagne of the South, Inc., a manufacturer of bottled sweet tea, had the following beginning and ending inventories for the

nekit [7.7K]

Answer:

total manufacturing cost added for the period 105,169

Cost of goods manufactured 106,064

Cost of goods sold 110,564

Explanation:

First, we need to know the amount of direct materials used in production.

beginning raw materials 10,000

purchase 27,000

ending (1,702)

indirect materials (2,129)

direct materials 33,169

now, we calculate the cost added during the period

direct materials 33,169

direct labors 30,000

overhead 42,000

total cost added 105,169

next step, we calculate the cost of goods manufactured from the WIP

WIP 17,895

added 105,169

WIP ending (17,000)

COGM 106,064

And last, the cost of goods sold

beginning finished goods 21,000

COGM 106,064

ending finished goods (16,500)

COGS 110,564

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3 years ago