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Vladimir79 [104]
4 years ago
14

Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginni

ng of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 79,000 machine-hours. The estimated variable manufacturing overhead was $7.38 per machine-hour and the estimated total fixed manufacturing overhead was $2,347,090. The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
Lubov Fominskaja [6]4 years ago
3 0

Answer:

Predetermined OH rate is $37.09

Explanation:

Firstly, we need to get the value for predetermined Fixed OH rate.

Predetermined Fixed OH rate = Estimated Fixed overhead / Estimated machine hours

= $2,347,090 / 79,000

= $29.71 per machine hour

Predetermined OH rate = Predetermined Fixed OH rate + Predetermined Variable OH rate

= $29.71 + $7.38

= $37.09

Therefore, the predetermined OH rate is $37.09

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A chart that shows the connection between consumer demand and price is a
klemol [59]

Answer: d). Demand Schedule

Explanation:

Demand schedule is a tabular representation of the quantities of a good demanded by the consumer at different prices. While, a demand curve is a graphical representation of the quantities demanded by the consumer at different prices.

Since, the question is asking for the chart that shows the connection between consumer demand (no all consumer or market demand) and price, the correct option should be demand schedule.

7 0
4 years ago
Read 2 more answers
The price/sales multiple is typically only used for the valuation of firms without earnings. true false
sveta [45]

The main purpose of price/sales multiple ratio is typically only for the purpose of valuation of firms having no earnings till the date of valuation. Therefore, the given statement holds true.

<h3>What is the significance of Price/Sales ratio?</h3>

Price/Sales ratio can be referred to or considered as a ratio that is used to determine the total sales made by the company without earning any profits over their sales at a given price.

Investors use this ratio in order to valuate a firm based on the sales they have made in multiples, however without earnings, that can prove to derive good investment returns in the future.

Therefore, the aforementioned statement regarding price/sales ratio holds true.

Learn more about price/sales ratio here:

brainly.com/question/14856408

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3 0
2 years ago
Interest may be capitalized: a. Whether or not there is specific borrowing for the construction. b. On self-constructed assets f
storchak [24]

Answer:

The correct option is A

Explanation:

Capitalization is the term or the process in which there is an addition of the interest which is unpaid to the principal amount of the loan. And the principal  or the original amount of the loan increases or rises when the payments got postponed during the deferment periods and then the interest which is unpaid is capitalized.

So, it will be capitalized whether or not there is particular or the specific amount of borrowing for the construction.

8 0
3 years ago
Which tab would help you toggle between views?
dmitriy555 [2]

Answer:

Design

Explanation:

5 0
3 years ago
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Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw mate
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Answer:

Dr Raw materials inventory 84,000  

    Cr Accounts payable 84,000

Dr Work in process inventory 38,000  

    Cr Raw materials inventory 38,000

Dr Factory overhead 13,500  

    Cr Raw materials inventory 13,500

Dr Work in process inventory 31,000  

Dr Factory overhead 14,000  

    Cr Cash 45,000

Dr Factory overhead 7,250  

    Cr Cash 7,250

Dr Work in process inventory 37.200  

    Cr Factory overhead 37,200

 

Dr Finished goods inventory 58,500  

    Cr Work in process inventory 58,500

Dr Cost of goods sold 58,500  

    Cr Finished goods inventory 58,500

Dr Accounts receivable 84,000  

    Cr Sales revenue 84,000

4 0
3 years ago
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