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zimovet [89]
3 years ago
9

The Work in Process inventory account of a manufacturing company shows a balance of $2,600 at the end of an accounting period. T

he job cost sheets of the two uncompleted jobs show charges of $400 and $200 for direct materials, and charges of $300 and $500 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor cost ($) of:
Business
1 answer:
hichkok12 [17]3 years ago
6 0

Answer: 150%

Explanation:

Based on the question,

Direct materials = $400 + $200 = $600

Direct labor cost = $300 + $500 = $800

Overhead = Closing WIP - Direct material cost - Direct labor cost

= $2600 - $600 - $800

= $1200

The predetermined overhead rate based on the direct labor will be calculated as:

= Overhead / Direct labour cost

= $1200/$800

= 1.50

= 150%

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Answer:

bank credit

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The bank calculates the ability of the person to pay back a certain percentage of the loan over a particular period before disbursement.

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3 years ago
Approximately what is the expected dollar rate of return on euro deposits if today's exchange rate is $1.18 per euro, next year'
noname [10]

Answer:

Dollar rate of return = 15.5%

Explanation:

<em>The expected dollar rate would be the dollar equivalent of the future value of the Euro deposit converted at the exchange rate applicable in a years tim</em>e .

The following steps would suffice

<em>Step 1: Future value of 1 Euro</em>

Future value of 1 Euro at 5% p.a = 1.05 Euro

<em>Step 2: Dollar equivalent of the Euro future value</em>

The Dollar equivalent of 1.05 Euro = 1.05× 1.10=1.155

<em>Step 3: The Dollar rate of return</em>

Dollar rate of return = Future value of deposit($)/initial deposit - 1

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PB1.
Vera_Pavlovna [14]

Answer:

I love Doja Cat

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It would be 787878347

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Lorico [155]
The correct answer would have to be true :)

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