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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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3 years ago
Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
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Answer:

$24,000

Explanation:

According to the consignment accounting, it States that any inventory sent on consignment by the consignor to the consignee, belongs to the consignor until the inventory is sold by the consignee.

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$100,000 - $76,000 = $24,000

Therefore, Mogul would report $24,000 worth of inventories at year end.

7 0
3 years ago
The statement of cash flows shows the following information: Cash provided by operating activities of $18,200 Cash used by inves
Rudiy27

Answer:

$27,400

Explanation:

The amount of cash at the end of the period is calculated as;

Cash provided by operating activities

$18,200

Cash used by investing activities

($6,700)

Cash used by financing activities

($1,200)

Net increase (decrease) in cash balance

(a) $10,300

Cash at the beginning of the year

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Cash at the end of the year

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8 0
3 years ago
1. "The biggest thing when we talk about personal branding is that it’s a _________" a. Hard thing b. Waiting game c. Process d.
notsponge [240]

Answer:

1- c. Process.

2- d. Consistency.

Explanation:

A personal brand can be defined as a continuous process of using marketing efforts and developing different factors to increase the perception and reputation of a company, individual, group, institution, etc.

Personal brand management corresponds to a continuous process of action and positioning, so that the target audience that you want to reach through your brand, can get to know you, including the values ​​and the solution of the problems and benefits you have to offer.

This is a process that demands consistency of actions and posture, since the process of consolidating a personal brand is a continuous process that requires a lot of research, knowledge and analysis of trends and market, advertising, presence in the media most used by the public, demonstration of seriousness, quality, benefits, quick response to problems, and several other factors that gradually contribute so that through a consistent process the brand has value and is consolidated in the market.

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3 years ago
Boyd's Bicycle Sales and Repairs Co. offers a 6-month warranty on all new bicycle purchases. Based on history, Boyd determines t
guapka [62]

Answer:

Boyd will record Warranty Expense in the amount of $400 for the month.

Explanation:

Warraty expense is an obligation on the business because business idmliable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.

Sales = $20,000

Warranty repair = 2% of Sales

Warranty Expnese = Sales x Warranty repairs percentage

Warranty Expnese = $20,000 x 2%

Warranty Expnese = $400

4 0
3 years ago
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