Answer:
The correct answer is D
Explanation:
Computation of allocation of factory overhead cost for the Job NO 117:
Now, computing the rate of overhead allocation as:
Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours
where
Estimated aggregate overhead is $95,000
Estimated number of labor hours is 9,500 hours
Putting the values above:
= $95,000 / 9,500 hours
= $10 per hour.
Computing the overhead cost to be allocated to Job No 117 as:
Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead
where
Number of direct labor hours is 2,300 hours
Pre- determined rate of overhead allocation is 10 per hour
Putting the values above:
= 2,300 hours × $10 per hour
= $23,000
Answer:
Option A is correct one.
<u>Are more summarised than for lower levels of management</u>
Explanation:
For higher levels of management, responsibility accounting reports<u> are more summarised than for lower levels of management.</u>
It is a summarised report facilitating the higher levels of management in order to keep a track of performance of low level management.
Answer: Gain of $12,000
Explanation:
First off, what was the Net book value of the old sailboat?
= Cost Price - Accumulated Depreciation
= 210,000 - 84,000
= $126,000
They paid $101,000 in cash and received a trade in allowance of $138,000 bringing the value to $239,000.
What they should have received as the trade in allowance was the NBV of $126,000. Since they didn't they got a gain of,
= 138,000 - 126,000
= $12,000
Because this transaction has commercial substance, the gain would be $12,000.
In order to accomplish this, the framing style must be difficult to substitute for.
<h3>What is Competitive advantage?</h3>
Competitive advantage can be defined as the way in which a company produce or manufacture more goods or product and sell those goods produce at lesser rate so as to increase their sales than that of their market competitors.
Based on the scenario in order for Milo Millworks to accomplish the competitive advantage for their framing style, the framing style must be difficult to substitute for.
Therefore the framing style must be difficult to substitute for.
Learn more about Competitive advantage here:brainly.com/question/26514848
#SPJ1
