Answer:
The predetermined overhead allocation rate is $2.17 and the amount of overhead allocated in October is $54,250.
Explanation:
According to the scenario, the given data are as follows:
Estimated overhead costs = $650,000
Estimated direct labor hours = 300,000
Direct labor hours in October = 25,000
1. So, we can calculate predetermined overhead allocation rate by using the following formula:
Predetermined overhead allocation rate = Estimated overhead costs ÷ Estimated direct labor hours
= $650,000 ÷ 300,000
= $2.17
2. Now we can calculate the amount of overhead allocated in October as follows:
Amount of overhead allocated in October = Direct labor hours in October × Predetermined overhead allocation rate
=25000 × $2.17
= $54,250
Hence, the predetermined overhead allocation rate is $2.17 and the amount of overhead allocated in October is $54,250.
Answer: Creativity.
Professionalism.
Risk-taking.
Passion.
Planning.
Knowledge.
Social Skills.
Open-mindedness towards learning, people, and even failure.
Answer:
Esquire Comic Book Company
Income Statement
For the Year Ended December 31, 2016
Operating income $1,000,000
<u>Restructuring costs ($80,000)</u>
Income from continuing operations b/ Taxes $920,000
<u>Income tax expense ($368,000)</u>
Income from continuing operations $552,000
Discontinued operations:
- Operating income $500,000
- Loss on disposal ($350,000)
- <u>Income tax on discontinued operations ($60,000)</u>
Income from discontinued operations $90,000
<u>Net income $642,000</u>
Explanation:
Income from discontinued operations must be reported separately, but any restructuring costs must be included as operational expenses.
When the engineers from FM Global (factory mutual) conduct inspections at industrial facilities, the interest they hired is to protect the companies that insure the properties.
FM Global is one of the global's biggest commercial and business assets coverage and chance management agencies, focusing on assets safety. we've currently ranked #447 on the Fortune 500 list of America's largest companies.
Malcolm C. Roberts is responsible for the strategic and operational direction of FM Global, one of the world's largest industrial property insurers and which insures nearly US$10.2 trillion in business belongings in greater than a hundred thirty international locations.
"FM international" is the communicative name of the organization, while the felony call is "manufacturing facility Mutual coverage organization". FM international has been named the "first-rate property Insurer inside the international” by means of Euromoney mag.
Learn more about FM Global here brainly.com/question/8304017
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Depreciation charges are the attention to the Accumulated Depreciation account, which is a noncash equity sheet account. Depreciation is combined to that account in order to adjust net income for all of the charges in the noncash equity sheet account appeared in the period.