Answer:
$3.10 ; $2.10 and $14.20
Explanation:
The computation of the activity rates is shown below:
For Activity 1
= Budgeted cost ÷ Total budgeted activity of cost driver
= $94,550 ÷ (18,200 + 8,100 + 4,200)
= $94,550 ÷ 30,500
= $3.10
For Activity 2
= Budgeted cost ÷ Total budgeted activity of cost driver
= $53,550 ÷ (7,100 + 13,200 + 5,200)
= $53,550 ÷ 25,500
= $2.10
For Activity 3
= Budgeted cost ÷ Total budgeted activity of cost driver
= $59,995 ÷ (1,175 + 1,000 + 2,050)
= $59,995 ÷ 4,225
= $14.20
Answer:
Estimated manufacturing overhead rate= $10 per direct labor hour
Explanation:
Giving the following information:
estimated manufacturing overhead= $2,886,000
estimated direct labor dollars= 288,600
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 2,886,000/288,600= $10 per direct labor hour
The given statement " A director violates the corporate opportunity doctrine if he or she competes with the corporation, unless the disinterested directors approve of the director's actions " is TRUE
Explanation:
A business opportunity applies to any business opportunity that a client may gain.
The Corporate Opportunity law controls the moral responsibility of directors, managers and managing stockholders in an organisation, with loyalty responsibilities, not to misuse such incentives without first offering to the corporate board the right to reject the opportunity on behalf of the company.
When these actions are broken and a director of the company takes the chance, then the trustee has abused his obligation to be trustworthy and will be able to maintain a constructive trust with the proceeds arising from the incorrect transaction.
Answer:
a. <em>Computation of percentages for Vertical Analysis</em>
Other current Assets -- (Other current assets/Total Assets) * 100 -- ($291/$5070)*100 -- 6%
Intangible -- (Intangibles/Total assets) * 100 --($1,974/$5,070)*100--39%
Property and Equipment,Net -- (Property and equipment,Net/Total assets)*100-- ($548/$5070)100 -- 11%
Accrued Liabilities -- (Accrued liabilities / Total liability and stockholders Equity)*100 -- ($658/$5070)*100-- 13%
Total Liabilities -- (Total liability/Total liabilities and stock holders Equity) * 100 -- ($2803/$5070) * 100 -- 55%
b. <em>Percentage of intangible and Property and Equipment</em>
Intangibles -- (Intangibles / Total assets) * 100 -- ($1,976/$5070 * 100) -- 39%
Property and Equipment -- (Property and Equipment, Net/Total Assets) * 100 -- ($548/$5070 * 100) -- 11%
Answer:
Option A is correct.
will earn a higher profit than Bright Nails
Explanation:
If sales of both saloons increases by an equal amount then Hard Nails<u> will earn a higher profit than Bright Nails.
</u>
- The strategy of Hard Nails is that it is paying it's manicurists on a salary basis i.e it is a fixed cost. If sales increases Hard Nails will not give any extra amount to it's manicurists.
- On the other hand the strategy of Bright Nails is that it is paying it's manicurists on the basis of no. of customers they serve. So, if sales increases then it have to pay more amount to it's manicurists.
