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4 years ago

Receiving provides 12,000 receiving hours and costs $60,000 per year. What is the activity rate for receiving?

Business

1 answer:

Vsevolod [243]4 years ago

7 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

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

Receiving provides 12,000 receiving hours and costs $60,000 per year.

Estimated manufacturing overhead rate= 60,000/12,000= $5 per hour

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Why is it important for organizations to accurately estimate the demand for a good or service? A. To decrease the fixed costs o

Yuki888 [10]

Answer:

B. To plan production, marketing, and budgets

Explanation:

A company needs to know accurately the demand for a good or service because it has to determine what kind of customer it is and plan the marketing accordingly. Additionally, that information will be valuable in planning plan its production volume. And afterward, with that information in hands, knowing fixed and varied costs, marketing costs and others, plan the budget accordingly. Pricing, fixed costs, demand slope, and potential sales will be determined by other factors that can include but are not limited to demand estimation.

4 0

3 years ago

Afirm has consistently adjusted its allowance account at the end of the fiscal year by adding a fixed percent of the period's sa

wlad13 [49]

Answer: Please refer to the explanation below for the full answer.

Explanation: The allowance for doubtful debts acts as a holding account for any accounts in the Accounts Receivable that might not be collected. In other words any accounts that are written off as bed debts will be removed from this account.

Reasons why this account can become very large in relation to the Accounts receivable are:

1. An incorrect or high percentage may be used to estimate accounts that may be written off as bad debts. This can lead to an unnecessarily high allowance for doubtful debts account.

2. There might be an error in the overall calculations done.

3. A large amount of old bad debts that have not been removed from this account may still be sitting in the account.

4. Fraud

7 0

3 years ago

All I’m Saying Corporation produces and sells a single product. Data concerning that product appear below: Selling price per uni

dexar [7]

Answer:

Break-even point in units= 12,769 units

Explanation:

Giving the following information:

Selling price per unit= $170

Variable expenses per unit= $81.10

Fixed expense per month= $997,920

Monthly target profit of $137,240

To determine the number of units to be sold, we need to use the break-even point in units formula. We need to add the desired profit.

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (997,920 + 137,240) / (170 - 81.1)

Break-even point in units= 12,769 units

4 0

3 years ago

Bramble Corp. is planning to sell 1200 boxes of ceramic tile, with production estimated at 1170 boxes during May. Each box of ti

tigry1 [53]

Answer: $6,435

Explanation:

Manufacturing overhead is applied at a rate of 110% of direct labor costs.

Direct labor costs:

= Budgeted number of boxes to be produced* number of direct labor hours required * employee salary per hour

= 1,170 * 0.50 * 10

= $5,850

Manufacturing overhead is 110% of this:

= 5,850 * 110/100

= $6,435

3 0

3 years ago

Speedy Clean laundry Purchased $6,500 worth of laundry supplies on Jun 2 and recorded the purchase as an asset. On Jun 30, an in

allsm [11]

Answer:

Explanation:

Journal Entry: The journal entry shows the recording of transactions which follows double entry system./ Every account has double entry. In journal entry, there is one debit and one credit side. Debit side records expenses and losses whereas credit side records income and gains.

Since, in the given question, the laundry supplies purchase on Jun 2 which is $6,500 but on June 30, it only holds $1,500. So, on June 30, the company has $6,500 - $1,500 = $4,000 supplies.

And, the company purchase supplies so it is a expense for a company which would be debited in respect to laundry supplies

Hence, The adjusting entry would be

Laundry supplies expense A/c Dr $4,000

To Laundry supplies $4,000

(Being laundry supplies adjusted)

8 0

3 years ago