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Svetradugi [14.3K]

3 years ago

9

Tim's employer offers him the option to buy 200 shares of the company for $250 a share. If the company has issued 40,000 shares,

what percentage of the company can Tim buy using his stock options?
Select the best answer from the choices provided.
8%
0.5%
0.0625%
0.025%

1 answer:

astra-53 [7]3 years ago

3 0

<span>simply divide 200/40000 and then multiply you will get...=0.5% option B..</span>

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Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw

svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

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