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alisha [4.7K]
3 years ago
6

Bella, Inc. manufactures two kinds of bagslong dash—totes and satchels. The company allocates manufacturing overhead using a sin

gle plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $ 25 comma 000$25,000. Additional estimated information is given below. Totes Satchels Direct materials cost per unit $ 35$35 $ 44$44 Direct labor cost per unit $ 52$52 $ 65$65 Number of units 500500 360360 Calculate the predetermined overhead allocation rate.​ (Round your answer to two decimal​ places.)
Business
1 answer:
kherson [118]3 years ago
8 0

Answer:

$0.51

Explanation:

The computation of the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

where,

Estimated overhead costs for the year is $25,000

And, the estimated direct labor cost would be

For Totes

= $52 × 500 units

= $26,000

For Satchels

= $65 × 360 units

= $23,400

So, the total direct labor cost would be

= $26,000 + $23,400

= $49,400

Now put these values to the above formula  

So, the value would equal to

= $25,000 ÷ 49,400

= $0.51

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Because when inflation levels are stable and moderate, investors have lower expectations of high market returns. Conversely, expectations rise when inflation is high.
6 0
2 years ago
Suppose that you own a video store that has total costs of $3,600 per month. If you charge $12 for each DVD you sell, how many d
Lapatulllka [165]
300
Divide 3600 by 100= 36
divide 36 by 12= 3
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4 0
3 years ago
Twinkies on the shelf of a convenience store lose their fresh tastiness over time. We say that the taste quality is 11 when the
Dafna1 [17]

Answer:

4.27 days

Explanation:

Initial taste quality = 1

Quality of tastiness declines using this function

Q(t)  = 0.85^t ( t in days )

<u>Determine when the taste quality will be 1/2 of original value</u>

i.e. when Q(t) = 1/2

1/2 = 0.85^t

= In ( 2 ) = - t ( In 0.85 )

∴ t = - In (2) / In (0.85)

     = 4.265 days  ≈ 4.27 days

7 0
3 years ago
Hailey Corporation pays a constant $9.45 dividend on its stock. The company will maintain this dividend for the next 13 years an
Sloan [31]

Answer:

$64.76

Explanation:

The current share price can be determined by calculating the present value of the dividend

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow from year 1 to 13 = 9.45

I = 10.7

PV = 64.76

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

5 0
3 years ago
The Vogt corporation paid a dividend of $4.20 on its stock in the year just ended. If the dividends are projected to grow at a r
Jet001 [13]

Answer:

cost of equity = 13%

Explanation:

With the info given, we will use cost of equity formula from Dividend Growth Model. THis is given by:

k_e=\frac{D_1}{P_0}+g

Where D_1 is the next year dividend or D_1 = D_0(1+g)

P_0 is current stock price

g is the growth rate

Since D_0 (dividend this year) is 4.20 and g = 6.4%  or 0.064, we can calculate D_1:

D_1=D_0(1+g)=4.2(1+0.064)=4.47

Current share price is 68, so we can now calculate cost of equity:

k_e=\frac{4.47}{68}+0.064=0.13

Hence,

cost of equity = 13%

8 0
3 years ago
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